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Steel Dynamics (STLD) Stock Forecast & Price Target

Steel Dynamics logo
$245.51 +5.48 (+2.28%)
As of 09:45 AM Eastern
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Steel Dynamics - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings
Sell
1
Hold
4
Buy
7

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

Consensus Price Target

$219.36
-10.65% Downside
According to the 12 analysts' twelve-month price targets for Steel Dynamics, the average price target is $219.36. The highest price target for STLD is $270.00, while the lowest price target for STLD is $165.00. The average price target represents a forecasted downside of -10.65% from the current price of $245.51.
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

TypeCurrent Forecast
5/26/25 to 5/26/26		1 Month Ago
4/26/25 to 4/26/26		3 Months Ago
2/25/25 to 2/25/26		1 Year Ago
5/26/24 to 5/26/25
Strong Buy
1 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$219.36$210.33$182.00$147.44
Forecasted Upside-10.65% Downside-7.26% Downside-4.98% Downside17.65% Upside
Consensus RatingModerate BuyHoldHoldModerate 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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Steel Dynamics Stock vs. The Competition

TypeSteel DynamicsBasic Materials CompaniesBroader Market
Consensus Rating Score
2.58
2.57
2.52
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside-8.61% Downside180.04% Upside15.09% Upside
News Sentiment Rating
Very Positive News

See Recent STLD News
Positive News
Positive News
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DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
5/21/2026
Barclays PLC logo
Barclays
3 of 5 stars
 Initiated CoverageOverweight$270.00+16.46%
4/30/2026
Bank of America Corporation logo
Bank of America
4 of 5 stars
 DowngradeBuy ➝ Neutral$250.00+11.42%
4/29/2026
Weiss Ratings logo
Weiss Ratings
Not Rated
 UpgradeHold (C) ➝ Buy (B-)
4/22/2026
Citigroup Inc. logo
Citigroup
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Alexander Hacking
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Boost TargetBuy$180.00 ➝ $255.00+12.32%
4/22/2026
BMO Capital Markets logo
BMO Capital Markets
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Katja Jancic
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Boost TargetOutperform$195.00 ➝ $240.00+6.15%
4/22/2026
Wells Fargo & Company logo
Wells Fargo & Company
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Timna Tanners
Timna Tanners
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Boost TargetOverweight$207.00 ➝ $235.00+3.94%
4/22/2026
KeyCorp logo
KeyCorp
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Samuel McKinney
Samuel McKinney
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Boost TargetOverweight$190.00 ➝ $241.00+9.44%
4/14/2026
JPMorgan Chase & Co. logo
JPMorgan Chase & Co.
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Bill Peterson
Bill Peterson
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Boost TargetNeutral$192.00 ➝ $205.00+4.51%
3/17/2026
Jefferies Financial Group Inc. logo
Jefferies Financial Group
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Christopher LeFemina
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Reiterated RatingBuy
3/17/2026
Morgan Stanley logo
Morgan Stanley
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Carlos De
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Reiterated RatingUnderperform$190.00+10.53%
11/4/2025
UBS Group AG logo
UBS Group
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Andrew Jones
Andrew Jones
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Set Target$165.00+5.79%
10/31/2025
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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 Set TargetNeutral$172.00+8.86%
2/27/2025
Wolfe Research logo
Wolfe Research
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T. Tanners
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UpgradeUnderperform ➝ Peer Perform
1/3/2025
BNP Paribas Exane logo
BNP Paribas Exane
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T. Gresser
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UpgradeNeutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:05 AM 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 Thursday, May 21, 2026. Please send any questions or comments about these Steel Dynamics pros and cons to contact@marketbeat.com.

Steel Dynamics
Bull Case

green Wall Street bull icon

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

  • The company reported a significant increase in revenue, showing a 19.1% growth compared to the same quarter last year, indicating strong operational performance.
  • Steel Dynamics, Inc. has a solid return on equity of 15.54%, which suggests effective management and profitability relative to shareholder equity.
  • The current stock price is around $225, reflecting a robust market position and investor confidence in the company's future prospects.
  • Analysts have a generally positive outlook, with several firms upgrading their ratings and target prices, indicating potential for stock appreciation.
  • Institutional investors hold a significant 82.41% of the company's stock, which often reflects confidence in the company's long-term stability and growth potential.

Steel Dynamics
Bear Case

red Wall Street bear icon

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

  • The company missed its earnings per share estimate by $0.01, which may raise concerns about its ability to meet market expectations consistently.
  • Recent insider selling, including significant transactions by senior executives, could signal a lack of confidence in the company's short-term performance.
  • Despite revenue growth, the net margin of 7.22% may indicate that profit levels are not as strong as some investors would prefer.
  • Market volatility and economic uncertainties could impact the steel industry, potentially affecting Steel Dynamics, Inc.'s performance.
  • Some analysts have downgraded their ratings, suggesting that there may be challenges ahead that could affect stock performance.

STLD Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Steel Dynamics is $219.36, with a high forecast of $270.00 and a low forecast of $165.00.

12 Wall Street equities research 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, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" STLD shares.

According to analysts, Steel Dynamics's stock has a predicted downside of -10.65% based on their 12-month stock forecasts.

Over the previous 90 days, Steel Dynamics's stock had 2 upgrades and 1 downgrade by analysts.

Analysts like Steel Dynamics more than other "basic materials" companies. The consensus rating score for Steel Dynamics is 2.58 while the average consensus rating score for "basic materials" companies is 2.57. Learn more on how STLD compares to other companies.

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This page (NASDAQ:STLD) was last updated on 5/26/2026 by MarketBeat.com Staff.
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