Steel Dynamics (STLD) Stock Forecast & Price Target

$240.76 -2.16 (-0.89%)

Closing price 10/15/2026 04:00 PM Eastern

Extended Trading

$240.24 -0.51 (-0.21%)

As of 10/15/2026 07:30 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
4

Buy
8

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, 4 have given a hold rating, and 8 have given a buy rating for STLD.

Consensus Price Target

$257.45
6.93% Upside

According to the 12 analysts' twelve-month price targets for Steel Dynamics, the average price target is $257.45. The highest price target for STLD is $300.00, while the lowest price target for STLD is $190.00. The average price target represents a forecasted upside of 6.93% from the current price of $240.76.

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 10/16/25 to 10/16/26	1 Month Ago 9/16/25 to 9/16/26	3 Months Ago 7/18/25 to 7/18/26	1 Year Ago 10/16/24 to 10/16/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$257.45	$258.45	$239.18	$149.89
Forecasted Upside	6.93% Upside	8.49% Upside	1.56% Upside	5.07% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	Materials Companies	Broader Market
Consensus Rating Score	2.67	2.57	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	6.93% Upside	163.15% Upside	17.80% Upside
News Sentiment Rating	Positive News See Recent STLD News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/13/2026	Weiss Ratings 3 of 5 stars		Downgrade	Buy (B) ➝ Buy (B-)
10/9/2026	JPMorgan Chase & Co. 3 of 5 stars	Bill Peterson 5 of 5 stars	Lower Target	Neutral	$272.00 ➝ $260.00	+9.07%
9/18/2026	Wells Fargo & Company 3 of 5 stars	Timna Tanners 4 of 5 stars	Boost Target	Overweight	$255.00 ➝ $257.00	+4.75%
8/10/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew Jones Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$165.00 ➝ $276.00	+4.28%
7/29/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy	$300.00	+15.50%
7/22/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Samuel McKinney Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Overweight
7/22/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Carlos De Alba Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Equal Weight	$270.00 ➝ $260.00	+9.40%
7/22/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Garchitorena Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$270.00 ➝ $272.00	+16.48%
7/9/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Lawson Winder Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$280.00 ➝ $260.00	+13.66%
4/22/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Alexander Hacking Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$180.00 ➝ $255.00	+12.32%
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4/22/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Katja Jancic Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$195.00 ➝ $240.00	+6.15%
3/17/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Christopher LeFemina Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
2/27/2025	Wolfe Research Subscribe to MarketBeat All Access to unlock brokerage rankings	T. Tanners Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Underperform ➝ Peer Perform
1/3/2025	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Tristan Gresser Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Neutral ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:29 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 Wednesday, October 14, 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.:

Steel Dynamics, Inc. is currently trading at $242.92, which is below the consensus price target of $257.45 set by twelve analysts, suggesting potential upside of approximately 6% if the stock reaches the average broker estimate.
The company demonstrated strong recent financial performance in the second quarter of 2026, reporting earnings per share of $3.69, which exceeded the consensus estimate of $3.63, and revenue of $6.09 billion, significantly beating the expected $5.56 billion and representing a 33.4% year-over-year increase.
Steel Dynamics, Inc. maintains a favorable valuation profile with a PEG ratio of 0.43, indicating that its growth rate is high relative to its current price, and a debt-to-equity ratio of 0.45, which suggests a manageable level of leverage for a capital-intensive steel producer.
Investors can benefit from a consistent dividend yield of 0.88%, with a recent quarterly payment of $0.53 per share, supported by a low payout ratio of 19.22%, which indicates the company retains the majority of its earnings for reinvestment while still providing income to shareholders.
The stock has shown strong momentum, trading near its 52-week high of $288.74 and significantly above its 52-week low of $140.87, reflecting a positive trend in investor sentiment and the company's ability to capitalize on market conditions in the steel sector.

Steel Dynamics
Bear Case

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

Recent analyst actions have been cautious, with JPMorgan Chase & Co. lowering its price target from $272.00 to $260.00 and maintaining a neutral rating, while Morgan Stanley also reduced its target to $260.00, indicating that some major institutions see limited near-term upside or heightened risk.
Steel Dynamics, Inc. is scheduled to report third-quarter earnings on October 19, 2026, and Zacks Research notes that the company does not currently possess the preferred combination of earnings-surprise indicators that typically signals a likely beat, increasing the risk of a negative market reaction if results or guidance fall short of expectations.
The company's beta of 1.48 indicates that its stock is more volatile than the overall market, meaning investors may experience larger price swings in both directions, which can be detrimental to risk-averse portfolios during periods of market uncertainty.
Recent insider activity has been predominantly selling, with executives such as James Stanley Anderson and Richard A Poinsatte selling shares in the first half of 2026, which some investors may interpret as a lack of confidence in the stock's future performance or a desire to lock in gains.
While the consensus rating is "Moderate Buy," four out of the twelve analysts covering the stock have issued a hold rating, suggesting that a significant portion of the sell-side believes the stock is fairly valued and may not offer substantial additional upside from current levels.

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 $257.45, with a high forecast of $300.00 and a low forecast of $190.00.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last twelve months. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" STLD shares.

According to analysts, Steel Dynamics's stock has a predicted upside of 6.93% based on their 12-month stock forecasts.

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

Steel Dynamics has been rated by research analysts at Barclays, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Steel Dynamics more than other "materials" companies. The consensus rating score for Steel Dynamics is 2.67 while the average consensus rating score for "materials" companies is 2.56. Learn more on how STLD compares to other companies.

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MarketBeat monitors more than a dozen sources for Steel Dynamics analyst ratings, with the most recent rating issued on 10/13/2026.

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Steel Dynamics (STLD) Stock Forecast & Price Target