Cleveland-Cliffs Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Cleveland-Cliffs stock have an average target of 12.44, with a low estimate of 9.00 and a high estimate of 15.01. The average target predicts an increase of 25.03% from the current stock price of 9.95.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$9.00	$12.44	$13	$15.01
Change	-9.55%	+25.03%	+30.65%	+50.85%

Analyst Ratings

The average analyst rating for Cleveland-Cliffs stock from 13 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	1	1	1	1
Buy	1	1	1	1	1	0
Hold	8	8	9	9	9	10
Sell	1	1	1	1	2	2
Strong Sell	0	0	0	0	0	0
Total	12	12	12	12	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold Downgrades $12 → $13	Hold	Downgrades	$12 → $13	+25.63%	Jun 22, 2026
Nick Cash Goldman Sachs	Goldman Sachs	Hold Maintains $10 → $11	Hold	Maintains	$10 → $11	+10.55%	Jun 16, 2026
Lawson Winder Bank of America Securities	Bank of America Securities	Hold Reiterates $12 → $14	Hold	Reiterates	$12 → $14	+40.70%	Jun 12, 2026
Bill Peterson J.P. Morgan	J.P. Morgan	Hold Maintains $9 → $13	Hold	Maintains	$9 → $13	+30.65%	Jun 10, 2026
Gordon Johnson GLJ Research	GLJ Research	Hold Upgrades $9.03 → $15	Hold	Upgrades	$9.03 → $15	+50.85%	Jun 9, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

20.87B

from 18.61B

12.14%

from 18.61B

Revenue Next Year

21.43B

from 20.87B

2.69%

from 20.87B

EPS This Year

-0.36

from -2.48

EPS Next Year

0.50

from -0.36

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	20.44B	22.99B	22.00B	19.19B	18.61B	20.87B	21.43B
Revenue Growth	281.84%	12.45%	-4.32%	-12.78%	-3.00%	12.14%	2.69%
EPS	5.35	2.56	0.75	-1.58	-2.91	-0.39	0.45
EPS Growth	-	-52.27%	-70.58%	-	-	-	-
Forward PE	-	-	-	-	-	-	21.95
No. Analysts	-	-	-	-	-	11	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	21.2B	22.0B
Avg	20.9B	21.4B
Low	20.5B	20.7B

Revenue Growth

Revenue Growth	2026	2027
High	13.7%	5.6%
Avg	12.1%	2.7%
Low	10.4%	-0.9%

EPS Forecast

EPS	2026	2027
High	-0.21	0.59
Avg	-0.36	0.50
Low	-0.58	0.30

EPS Growth

EPS Growth	2026	2027
High	-	-
Avg	-	-
Low	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.