Steel Dynamics (STLD) Stock Forecast & Price Target

$125.83 +0.83 (+0.66%)

As of 01/17/2025 04:00 PM Eastern

Steel Dynamics - 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

Hold

Based on 9 Analyst Ratings

Sell
0

Hold
6

Buy
3

Based on 9 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 9 analysts, 6 have given a hold rating, and 3 have given a buy rating for STLD.

Consensus Price Target

$140.88
11.96% Upside

According to the 9 analysts' twelve-month price targets for Steel Dynamics, the average price target is $140.88. The highest price target for STLD is $155.00, while the lowest price target for STLD is $125.00. The average price target represents a forecasted upside of 11.96% from the current price of $125.83.

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STLD Analyst Ratings Over Time

Type	Current Forecast 1/21/24 to 1/20/25	1 Month Ago 12/22/23 to 12/21/24	3 Months Ago 10/23/23 to 10/22/24	1 Year Ago 1/21/23 to 1/21/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$140.88	$144.25	$144.29	$113.44
Forecasted Upside	11.96% Upside	24.69% Upside	9.47% Upside	0.52% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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	S&P 500
Consensus Rating Score	2.33	2.76	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	11.96% Upside	129.99% Upside	12.44% Upside
News Sentiment Rating	Positive News See Recent STLD News	Neutral 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
1/17/2025	JPMorgan Chase & Co. 3 of 5 stars	Bill Peterson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$134.00 ➝ $132.00	+5.60%
1/6/2025	Jefferies Financial Group 2 of 5 stars		Lower Target	Hold ➝ Hold	$145.00 ➝ $125.00	+10.47%
1/3/2025	BNP Paribas 3 of 5 stars	T. Gresser Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform
12/19/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$160.00 ➝ $145.00	+25.55%
12/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Woodworth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$145.00 ➝ $149.00	+11.57%
12/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Harris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$155.00	+6.70%
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$130.00 ➝ $135.00	-0.78%
10/1/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$140.00 ➝ $155.00	+22.94%
9/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$138.00 ➝ $131.00	+14.42%
4/21/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$106.00 ➝ $115.00	+3.18%
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Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:56 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 Sunday, January 12, 2025. 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 stock is currently priced at $122.37, which may present a buying opportunity for investors looking for value in the market.
Steel Dynamics, Inc. reported a strong earnings per share (EPS) of $2.05 for the latest quarter, exceeding analysts' expectations, indicating robust financial performance.
The company has a solid return on equity (ROE) of 19.82%, reflecting effective management and profitability relative to shareholders' equity.
With a market capitalization of approximately $18.63 billion, Steel Dynamics, Inc. is well-positioned in the steel production and metal recycling industry, providing stability and growth potential.
Analysts have set an average price target of $146.13 for the stock, suggesting potential upside for investors based on current market conditions.

Steel Dynamics
Bear Case

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

The company experienced a decline in quarterly revenue, down 5.4% compared to the same quarter last year, which may indicate challenges in maintaining sales growth.
Steel Dynamics, Inc. has a beta of 1.31, suggesting that the stock is more volatile than the market, which could lead to higher risk for investors.
Insider selling has been noted, with 28,591 shares sold recently, which could signal a lack of confidence from those closest to the company.
The stock's price-to-earnings (P/E) ratio of 11.49, while not excessively high, may suggest that the stock is not undervalued compared to its earnings, limiting potential for significant price appreciation.
Recent analyst ratings have been mixed, with several maintaining a "neutral" rating, indicating uncertainty about the stock's future performance.

STLD Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Steel Dynamics is $140.88, with a high forecast of $155.00 and a low forecast of $125.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Steel Dynamics in the last year. There are currently 6 hold ratings and 3 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 upside of 11.96% based on their 12-month stock forecasts.
: Over the previous 90 days, Steel Dynamics's stock had 1 upgrade by analysts.
: Steel Dynamics has been rated by research analysts at BNP Paribas, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., The Goldman Sachs Group, and UBS Group 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 1/20/2025 by MarketBeat.com Staff

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Steel Dynamics (STLD) Stock Forecast & Price Target