Cleveland-Cliffs (CLF) Stock Forecast & Price Target

$7.41 +0.05 (+0.68%)

As of 05/20/2025 03:59 PM Eastern

Cleveland-Cliffs - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for Cleveland-Cliffs in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CLF.

Consensus Price Target

$14.02
89.22% Upside

According to the 8 analysts' twelve-month price targets for Cleveland-Cliffs, the average price target is $14.02. The highest price target for CLF is $18.00, while the lowest price target for CLF is $11.00. The average price target represents a forecasted upside of 89.22% from the current price of $7.41.

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CLF Analyst Ratings Over Time

Type	Current Forecast 5/21/24 to 5/21/25	1 Month Ago 4/21/24 to 4/21/25	3 Months Ago 2/21/24 to 2/20/25	1 Year Ago 5/22/23 to 5/21/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$14.02	$16.24	$16.68	$20.64
Forecasted Upside	89.22% Upside	131.96% Upside	39.27% Upside	17.89% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

CLF 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.

CLF 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.

Cleveland-Cliffs Stock vs. The Competition

Type	Cleveland-Cliffs	Basic Materials Companies	S&P 500
Consensus Rating Score	2.63	2.78	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	89.22% Upside	145.19% Upside	13.03% Upside
News Sentiment Rating	Neutral News See Recent CLF News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/12/2025	The Goldman Sachs Group 3 of 5 stars	M. Harris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$13.00 ➝ $11.25	+49.50%
4/23/2025	B. Riley 2 of 5 stars	Nick Giles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $17.00	+119.35%
2/27/2025	Glj Research 0 of 5 stars	G. Johnson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$14.54 ➝ $12.90	+15.96%
2/3/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Carlos De Alba Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$13.00 ➝ $11.00	+13.86%
12/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$12.50 ➝ $11.00	+19.70%
8/27/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Englert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$20.00 ➝ $18.00	+21.46%
6/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$23.00 ➝ $17.00	+8.59%
5/20/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$22.00	+25.64%
4/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Peer Perform ➝ Underperform	$18.00	-19.73%
Get the Latest News and Ratings for CLF and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Cleveland-Cliffs and its competitors with MarketBeat's FREE daily newsletter.
2/28/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform	$16.50	-20.35%
2/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:40 AM ET.

Should I Buy Cleveland-Cliffs Stock? CLF 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, May 14, 2025. Please send any questions or comments about these Cleveland-Cliffs pros and cons to contact@marketbeat.com.

Cleveland-Cliffs
Bull Case

Here are some ways that investors could benefit from investing in Cleveland-Cliffs Inc.:

Cleveland-Cliffs Inc. is the largest flat-rolled steel company and iron ore pellet producer in North America, providing a strong market position that can lead to stable revenue streams.
The company has a vertically integrated business model, which allows for better control over production costs and quality, potentially leading to higher profit margins.
Recent stock performance shows Cleveland-Cliffs Inc. trading at a competitive price, making it an attractive option for investors looking for value in the steel and mining sector.
With ongoing investments in technology and production efficiency, Cleveland-Cliffs Inc. is positioned to capitalize on increasing demand for steel in various industries, including construction and automotive.
The company has a long history of operations since 1847, which reflects its resilience and ability to adapt to market changes over time.

Cleveland-Cliffs
Bear Case

Investors should be bearish about investing in Cleveland-Cliffs Inc. for these reasons:

The steel industry is highly cyclical, and fluctuations in demand can significantly impact Cleveland-Cliffs Inc.'s profitability, making it a risky investment during economic downturns.
Increased competition from both domestic and international steel producers could pressure pricing and market share, potentially affecting the company's financial performance.
Environmental regulations and sustainability concerns are becoming more stringent, which could lead to increased operational costs for Cleveland-Cliffs Inc. as it adapts to comply with new standards.
Market volatility can affect stock prices, and investors may experience significant fluctuations in their investment value, particularly in a sector as dynamic as metal mining.
Dependence on the automotive and construction industries means that any downturn in these sectors could adversely affect Cleveland-Cliffs Inc.'s sales and profitability.

CLF Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Cleveland-Cliffs is $14.02, with a high forecast of $18.00 and a low forecast of $11.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last year. There are currently 4 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CLF shares.
: According to analysts, Cleveland-Cliffs's stock has a predicted upside of 89.22% based on their 12-month stock forecasts.
: Cleveland-Cliffs has been rated by research analysts at B. Riley, Glj Research, and The Goldman Sachs Group in the past 90 days.
: Analysts like Cleveland-Cliffs less than other "basic materials" companies. The consensus rating score for Cleveland-Cliffs is 2.63 while the average consensus rating score for "basic materials" companies is 2.78. Learn more on how CLF compares to other companies.

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This page (NYSE:CLF) was last updated on 5/21/2025 by MarketBeat.com Staff

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Cleveland-Cliffs (CLF) Stock Forecast & Price Target