Steel Dynamics (STLD) Stock Forecast & Price Target

$233.97 -2.00 (-0.85%)

As of 01:27 PM Eastern

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Steel Dynamics - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 11 Analyst Ratings

Sell
1

Hold
4

Buy
6

Based on 11 Wall Street analysts who have issued ratings for Steel Dynamics in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 1 has given a sell rating, 4 have given a hold rating, and 6 have given a buy rating for STLD.

Consensus Price Target

$214.30
-8.41% Downside

According to the 11 analysts' twelve-month price targets for Steel Dynamics, the average price target is $214.30. The highest price target for STLD is $255.00, while the lowest price target for STLD is $165.00. The average price target represents a forecasted downside of -8.41% from the current price of $233.97.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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STLD Analyst Ratings Over Time

Type	Current Forecast 5/12/25 to 5/12/26	1 Month Ago 4/12/25 to 4/12/26	3 Months Ago 2/11/25 to 2/11/26	1 Year Ago 5/12/24 to 5/12/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$214.30	$182.44	$182.00	$147.44
Forecasted Upside	-8.41% Downside	-4.26% Downside	-11.56% Downside	7.99% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

STLD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

STLD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Steel Dynamics Stock vs. The Competition

Type	Steel Dynamics	Basic Materials Companies	Broader Market
Consensus Rating Score	2.45	2.56	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-7.60% Downside	144.67% Upside	16.93% Upside
News Sentiment Rating	Positive News See Recent STLD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
4/30/2026	Bank of America 4 of 5 stars		Downgrade	Buy ➝ Neutral	$250.00	+11.42%
4/29/2026	Weiss Ratings Not Rated		Upgrade	Hold (C) ➝ Buy (B-)
4/22/2026	Citigroup 4 of 5 stars	Alexander Hacking Not Rated	Boost Target	Buy	$180.00 ➝ $255.00	+12.32%
4/22/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Katja Jancic Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$195.00 ➝ $240.00	+6.15%
4/22/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Timna Tanners Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$207.00 ➝ $235.00	+3.94%
4/22/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Samuel McKinney Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$190.00 ➝ $241.00	+9.44%
4/14/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bill Peterson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$192.00 ➝ $205.00	+4.51%
3/17/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christopher LeFemina Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy
3/17/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Carlos De Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Underperform	$190.00	+10.53%
11/4/2025	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Jones Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$165.00	+5.79%

10/31/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Neutral	$172.00	+8.86%
2/27/2025	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	T. Tanners Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
1/3/2025	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	T. Gresser Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:45 PM ET.

Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, May 9, 2026. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

Steel Dynamics
Bull Case

Here are some ways that investors could benefit from investing in Steel Dynamics, Inc.:

The current stock price is around $226, reflecting a strong performance in the market.
Steel Dynamics, Inc. recently reported a significant year-over-year revenue increase of over 19%, indicating robust growth potential.
The company has a solid return on equity of 15.54%, showcasing effective management and profitability.
Steel Dynamics, Inc. has increased its quarterly dividend to $0.53 per share, demonstrating a commitment to returning value to shareholders.
With a market capitalization of approximately $32.82 billion, Steel Dynamics, Inc. is well-positioned within the industry, providing stability and growth opportunities.

Steel Dynamics
Bear Case

Investors should be bearish about investing in Steel Dynamics, Inc. for these reasons:

The company recently missed earnings expectations by a small margin, which could raise concerns about future performance.
Steel Dynamics, Inc. has a relatively high price-to-earnings (P/E) ratio of 24.26, suggesting that the stock may be overvalued compared to its earnings.
Insider selling activity has been noted, with significant shares sold by executives, which may indicate a lack of confidence in the stock's short-term prospects.
The company operates in a cyclical industry, which can be affected by economic downturns, potentially impacting revenue and profitability.
Despite recent growth, the company’s net margin of 7.22% suggests there may be challenges in maintaining profitability under competitive pressures.

STLD Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Steel Dynamics is $214.30, with a high forecast of $255.00 and a low forecast of $165.00.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There is currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" STLD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in STLD, but not buy additional shares or sell existing shares.

According to analysts, Steel Dynamics's stock has a predicted downside of -8.41% based on their 12-month stock forecasts.

Over the previous 90 days, Steel Dynamics's stock had 1 upgrade and 1 downgrade by analysts.

Steel Dynamics has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Steel Dynamics less than other "basic materials" companies. The consensus rating for Steel Dynamics is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how STLD compares to other companies.

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This page (NASDAQ:STLD) was last updated on 5/12/2026 by MarketBeat.com Staff.

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Steel Dynamics (STLD) Stock Forecast & Price Target

Steel Dynamics - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

STLD Analyst Ratings Over Time

STLD Analyst Recommendations By Month

STLD Price Targets by Month

Steel Dynamics Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

Steel Dynamics
Bull Case

Steel Dynamics
Bear Case

STLD Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Steel Dynamics Recommendations

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Steel Dynamics (STLD) Stock Forecast & Price Target

Steel Dynamics - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

STLD Analyst Ratings Over Time

STLD Analyst Recommendations By Month

STLD Price Targets by Month

Steel Dynamics Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Steel Dynamics Stock? STLD Pros and Cons Explained

Steel Dynamics Bull Case

Steel Dynamics Bear Case

STLD Forecast - Frequently Asked Questions

What is Steel Dynamics' forecast for 2026?

Should I buy or sell Steel Dynamics stock right now?

Does Steel Dynamics's stock price have much downside?

Has Steel Dynamics been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Steel Dynamics?

Do Wall Street analysts like Steel Dynamics more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Steel Dynamics Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Steel Dynamics
Bull Case

Steel Dynamics
Bear Case