United States Steel (X) Stock Forecast & Price Target

$40.02 -0.23 (-0.57%)

(As of 11/12/2024 ET)

United States Steel - Analysts' Recommendations and Stock Price Forecast (2024)

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

Buy

Based on 7 Analyst Ratings

Sell
0

Hold
0

Buy
7

Based on 7 Wall Street analysts who have issued ratings for United States Steel in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 7 have given a buy rating for X.

Consensus Price Target

$42.80
6.94% Upside

According to the 7 analysts' twelve-month price targets for United States Steel, the average price target is $42.80. The highest price target for X is $49.00, while the lowest price target for X is $38.57. The average price target represents a forecasted upside of 6.94% from the current price of $40.02.

X Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$42.80	$40.62	$40.13	$28.10
Forecasted Upside	6.94% Upside	11.53% Upside	-3.94% Downside	-18.31% Downside
Consensus Rating	Buy	Moderate Buy	Hold	Reduce

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X 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.

X 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.

United States Steel Stock vs. The Competition

Type	United States Steel	Basic Materials Companies	S&P 500
Consensus Rating Score	3.00	2.76	2.50
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	6.94% Upside	122.31% Upside	7.92% Upside
News Sentiment Rating	Positive News See Recent X 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
11/1/2024	BMO Capital Markets 4 of 5 stars	K. Jancic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$45.00 ➝ $43.00	+10.00%
9/9/2024	Glj Research 0 of 5 stars	G. Johnson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Buy	$38.57	+19.78%
9/9/2024	JPMorgan Chase & Co. 3 of 5 stars		Upgrade	Neutral ➝ Overweight	$40.00 ➝ $42.00	+34.31%
9/6/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Gresser Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$40.00	+33.47%
9/5/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$47.00 ➝ $41.00	+35.40%
8/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$48.00 ➝ $49.00	+15.32%
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4/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$46.00	+13.44%
11/3/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
11/1/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$32.00 ➝ $31.00	-8.82%
10/31/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$34.00 ➝ $33.00	-2.74%
9/25/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$30.00 ➝ $32.00	+0.63%
5/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$27.00 ➝ $25.00	+16.23%
2/6/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell	$23.00 ➝ $26.00	-12.19%
1/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underperform ➝ Underperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 03:44 AM ET.

X Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for United States Steel is $42.80, with a high forecast of $49.00 and a low forecast of $38.57.
: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for United States Steel in the last year. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" X shares.
: According to analysts, United States Steel's stock has a predicted upside of 6.94% based on their 12-month stock forecasts.
: Over the previous 90 days, United States Steel's stock had 3 upgrades by analysts.
: United States Steel has been rated by research analysts at BMO Capital Markets, BNP Paribas, Glj Research, Jefferies Financial Group, JPMorgan Chase & Co., and Morgan Stanley in the past 90 days.
: Analysts like United States Steel more than other "basic materials" companies. The consensus rating for United States Steel is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how X compares to other companies.

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This page (NYSE:X) was last updated on 11/13/2024 by MarketBeat.com Staff

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United States Steel (X) Stock Forecast & Price Target