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Cleveland-Cliffs (CLF) Stock Forecast & Price Target

Cleveland-Cliffs logo
$10.02 -0.19 (-1.86%)
(As of 01:22 PM ET)

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

Sell
2
Hold
5
Buy
4

Based on 11 Wall Street analysts who have issued ratings for Cleveland-Cliffs in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 2 have given a sell rating, 5 have given a hold rating, 3 have given a buy rating, and 1 has given a strong buy rating for CLF.

Consensus Price Target

$17.39
73.54% Upside
According to the 11 analysts' twelve-month price targets for Cleveland-Cliffs, the average price target is $17.39. The highest price target for CLF is $23.00, while the lowest price target for CLF is $12.50. The average price target represents a forecasted upside of 73.54% from the current price of $10.02.
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CLF Analyst Ratings Over Time

TypeCurrent Forecast
12/17/23 to 12/16/24
1 Month Ago
11/17/23 to 11/16/24
3 Months Ago
9/18/23 to 9/17/24
1 Year Ago
12/17/22 to 12/17/23
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)
2 Buy rating(s)
2 Buy rating(s)
4 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$17.39$17.56$17.75$21.36
Forecasted Upside73.54% Upside59.08% Upside50.30% Upside14.21% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
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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.
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Cleveland-Cliffs Stock vs. The Competition

TypeCleveland-CliffsBasic Materials CompaniesS&P 500
Consensus Rating Score
2.27
2.76
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside70.31% Upside135.09% Upside10.64% Upside
News Sentiment Rating
Positive News

See Recent CLF News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/2/2024The Goldman Sachs Group
2 of 5 stars
M. Harris
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Initiated CoverageBuy$16.00+28.51%
9/18/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$15.00 ➝ $13.50+14.31%
9/10/2024Citigroup
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$18.00 ➝ $12.50+15.21%
8/27/2024Seaport Res Ptn
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M. Englert
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UpgradeHold ➝ Strong-Buy
6/26/2024Bank of America
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 Lower TargetNeutral ➝ Neutral$20.00 ➝ $18.00+21.46%
6/25/2024B. Riley
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 Reiterated RatingBuy ➝ Buy$23.00 ➝ $23.00+57.97%
6/11/2024JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$23.00 ➝ $17.00+8.59%
5/20/2024Jefferies Financial Group
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 Initiated CoverageBuy$22.00+25.64%
4/9/2024Wolfe Research
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 Reiterated RatingPeer Perform ➝ Underperform$18.00-19.73%
2/28/2024BNP Paribas
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 DowngradeNeutral ➝ Underperform$16.50-20.35%
2/8/2024Argus
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 DowngradeBuy ➝ Hold
12/16/2022UBS Group
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 Initiated CoverageNeutral$17.00+13.18%

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


CLF Forecast - Frequently Asked Questions

According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Cleveland-Cliffs is $17.39, with a high forecast of $23.00 and a low forecast of $12.50.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cleveland-Cliffs in the last twelve months. There are currently 2 sell ratings, 5 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CLF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CLF, but not buy additional shares or sell existing shares.

According to analysts, Cleveland-Cliffs's stock has a predicted upside of 73.54% based on their 12-month stock forecasts.

Cleveland-Cliffs has been rated by research analysts at Morgan Stanley, and The Goldman Sachs Group in the past 90 days.

Analysts like Cleveland-Cliffs less than other "basic materials" companies. The consensus rating for Cleveland-Cliffs is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CLF compares to other companies.


This page (NYSE:CLF) was last updated on 12/16/2024 by MarketBeat.com Staff
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