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Cleveland-Cliffs Inc
NYSE:CLF

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Cleveland-Cliffs Inc Logo
Cleveland-Cliffs Inc
NYSE:CLF
Watchlist
Price: 17.24 USD -0.4% Market Closed
Updated: May 9, 2024
Section:
 

Wall Street
Price Targets

CLF Price Targets Summary
Cleveland-Cliffs Inc

Wall Street analysts forecast CLF stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CLF is 21.81 USD with a low forecast of 15.66 USD and a high forecast of 28.56 USD.

CLF Lowest Forecast
Wall Street Target
15.66 USD
9% Downside
CLF Average Forecast
Wall Street Target
21.81 USD
27% Upside
CLF Highest Forecast
Wall Street Target
28.56 USD
66% Upside
Lowest
Price Target
15.66 USD
9% Downside
Average
Price Target
21.81 USD
27% Upside
Highest
Price Target
28.56 USD
66% Upside

CLF Last Price Targets
Cleveland-Cliffs Inc

The latest public price target was made on Mar 28, 2024 by Gordon Johnson from GLJ Research , who expects CLF stock to rise by 58% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Gordon Johnson
GLJ Research
27.2 USD
Upside 58%
1 month ago
Mar 28, 2024
GLJ Research Upgrades Cleveland-Cliffs (CLF) to Buy
StreetInsider
Curt Woodworth
Credit Suisse
25 USD
Upside 45%
7 months ago
Sep 15, 2023
Wall Street's Most Accurate Analysts Reshuffled Their Best Materials Picks, Here They Are
Benzinga
Carlos De Alba
Morgan Stanley
19 USD
Upside 10%
7 months ago
Sep 15, 2023
Wall Street's Most Accurate Analysts Reshuffled Their Best Materials Picks, Here They Are
Benzinga
Gordon Johnson
GLJ Research
Price Target 27.2 USD
Upside/Downside 58%
View Source
Curt Woodworth
Credit Suisse
Price Target 25 USD
Upside/Downside 45%
View Source
Carlos De Alba
Morgan Stanley
Price Target 19 USD
Upside/Downside 10%
View Source
Cleveland-Cliffs Inc Competitors:
Price Targets
SUNFLAG
Sunflag Iron and Steel Co Ltd
84% Downside
A
ASTL
Algoma Steel Group Inc
88% Upside
S
STPI
STP&I PCL
189% Upside
USIM5
Usinas Siderurgicas de Minas Gerais SA USIMINAS
33% Upside
SUNFLAG
Sunflag Iron and Steel Co Ltd
84% Downside
A
ASTL
Algoma Steel Group Inc
88% Upside
S
STPI
STP&I PCL
189% Upside
USIM5
Usinas Siderurgicas de Minas Gerais SA USIMINAS
33% Upside
SHYAMMETL
Shyam Metalics and Energy Ltd
22% Upside
METC
Ramaco Resources Inc
49% Upside
600740
ShanXi Coking Co Ltd
34% Upside
C
CSCSTEL
CSC Steel Holdings Bhd
1% Downside

Revenue
Forecast

Revenue Estimate
Cleveland-Cliffs Inc

For the last 8 years the compound annual growth rate for Cleveland-Cliffs Inc's revenue is 35%. The projected CAGR for the next 3 years is -1%.

35%
Past Growth
-1%
Estimated Growth
Estimates Accuracy
-2%
Average Miss
What are analyst estimates?

Operating Income
Forecast

Operating Income Estimate
Cleveland-Cliffs Inc

For the last 8 years the compound annual growth rate for Cleveland-Cliffs Inc's operating income is 23%. The projected CAGR for the next 3 years is 33%.

23%
Past Growth
33%
Estimated Growth
Estimates Accuracy
-5%
Average Miss
What are analyst estimates?

Net Income
Forecast

Net Income Estimate
Cleveland-Cliffs Inc

The compound annual growth rate of Cleveland-Cliffs Inc's net income for the next 3 years is 44%.

N/A
Past Growth
44%
Estimated Growth
Estimates Accuracy
5%
Average Beat
What are analyst estimates?

See Also

Summary
CLF intrinsic value, competitors valuation, and company profile.
DCF Valuation
CLF stock valuation using Discount Cash Flow valuation method.
Relative Valuation
CLF stock valuation using valuation multiples.
Wall Street Estimates
CLF price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
CLF stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is CLF's stock price target?
Price Target
21.81 USD

According to Wall Street analysts, the average 1-year price target for CLF is 21.81 USD with a low forecast of 15.66 USD and a high forecast of 28.56 USD.

What is Cleveland-Cliffs Inc's Revenue forecast?
Projected CAGR
-1%

For the last 8 years the compound annual growth rate for Cleveland-Cliffs Inc's revenue is 35%. The projected CAGR for the next 3 years is -1%.

What is Cleveland-Cliffs Inc's Operating Income forecast?
Projected CAGR
33%

For the last 8 years the compound annual growth rate for Cleveland-Cliffs Inc's operating income is 23%. The projected CAGR for the next 3 years is 33%.

What is Cleveland-Cliffs Inc's Net Income forecast?
Projected CAGR
44%

The compound annual growth rate of Cleveland-Cliffs Inc's net income for the next 3 years is 44%.

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