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Cleveland-Cliffs (CLF): analyst forecast and price target

$12.12 −0.25% close 16.10.26 · market cap $7.4B · Basicmaterials · Steel
Price targets and ratings of

Analyst consensus

Hold

0 Buy3 Hold1 Sell

Ratings of 4 analysts in the last 3 months · top analysts only

12-month forecast

$11.88−2.0% downside

Based on 4 price targets given in the last 3 months, the average target is $11.88, the highest $13.00, the lowest $10.00. The average is −2.0% from the last price of $12.12.

$7.50$10.00$12.50$15.00Jan 26AprJulOctJan 27AprJulOctHigh$13.00Average$11.88Low$10.00
Highest target $13.00 Average target $11.88 Lowest target $10.00
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan $13.00 → $12.00−7.7% Hold −1.0% Reiterated 09.10.26on TipRanks 10:15 +5.9%next day −0.6% · 5 days −4.7%
Gordon Johnson★★★★★★★★★★#11662 · hits 57% · avg −4.5% GLJ Research $12.00 → $14.00+16.7% Buy +15.5% Upgrade 06.10.26on TipRanks Oct 7 06:55 −0.1%next day −1.3% · 5 days +5.1%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $12.00 → $14.00+16.7% Buy +15.5% Upgrade 06.10.26on TipRanks 05:40 −0.1%next day −1.3% · 5 days +5.1%
Nick Cash★★★★★★★★★★#6084 · hits 50% · avg +8.0% Goldman Sachs $12.00 Hold −1.0% Reiterated 05.10.26on TipRanks Oct 6 08:10 +7.1%next day −0.1% · 5 days +5.2%
Carlos De Alba★★★★★★★★★★#697 · hits 57% · avg +16.1% Morgan Stanley $12.50 Hold +3.1% Reiterated 25.09.26on TipRanks 06:10 −3.1%next day −7.1% · 5 days −6.8%
Lawson Winder★★★★★★★★★★#424 · hits 57% · avg +16.2% Bank of America Securities $12.00 → $13.00+8.3% Hold +7.3% Assigned 06.09.26on TipRanks Sep 7 05:50 −1.1%next day −1.2% · 5 days −2.9%
Unknown Analyst Wolfe Research $12.00 → $11.00−8.3% Hold −9.2% Reiterated 24.08.26on TipRanks 07:10 +0.6%next day +1.6% · 5 days +1.7%
Richard Garchitorena★★★★★★★★★★#2557 · hits 59% · avg +9.1% Barclays $10.00 Sell −17.5% Reiterated 24.08.26on TipRanks 04:45 +0.6%next day +1.6% · 5 days +1.7%
Unknown Analyst Seaport Global — Hold — Reiterated 30.07.26on TipRanks Aug 3 08:55 +0.5%next day −1.7% · 5 days +1.5%
Samuel McKinney★★★★★★★★★★#3618 · hits 79% · avg +11.6% KeyBanc — Hold — Reiterated 28.07.26on TipRanks 04:30 −2.4%next day −3.5% · 5 days −1.4%
Tristan Gresser★★★★★★★★★★#4763 · hits 67% · avg +17.1% Exane BNP Paribas $11.50 Hold −5.1% Upgrade 24.07.26on TipRanks 07:20 +8.7%next day +2.7% · 5 days −4.5%
Unknown Analyst B. Riley Securities $15.00 Buy +23.8% Initiated 21.07.26on TipRanks Jul 23 21:17 +2.2%next day +2.3% · 5 days +30.5%
Alexander Hacking★★★★★★★★★★#479 · hits 67% · avg +19.1% Citi $11.00 → $10.00−9.1% Hold −17.5% Assigned 07.07.26on TipRanks 07:00 −1.9%next day 0.0% · 5 days +2.1%
Alexandra Yates★★★★★★★★★★#1237 · hits 85% · avg +33.3% Argus Research — Hold — Reiterated 02.04.26on TipRanks Apr 6 09:10 +1.5%next day +1.1% · 5 days +4.0%
Chris LaFemina★★★★★★★★★★#470 · hits 55% · avg +14.9% Jefferies $13.00 Hold +7.3% Reiterated 10.12.25on TipRanks 07:20 +1.8%next day +5.4% · 5 days +4.2%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Cleveland-Cliffs

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%
1 year Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%
2 years Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%

Most profitable

3 months Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%
1 year Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%
2 years Gordon Johnson★★★★★★★★★★GLJ Research · #11662
Hits 57%168 of 297 Average return −4.5%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 06.10.26: target $12.95 at a price of $12.20 (+6.1%); now: $12.50 at $12.12 (+3.1%).

$11.00$12.00$13.00Sep 15Oct 1Oct 15Top analysts$11.88Average target$12.50Price$12.12

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

051015115Oct 25215Nov215Dec281Jan 26181Feb1141Mar118Apr1151May181Jun113Jul123Aug123Sep51Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy100000
Buy110000
Hold581112125
Sell113331

Earnings and sales forecast

Next report: 19.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $0.21 (from $0.19 to $0.25). Last quarter: $-0.20.

Sales

Next quarter’s sales estimate — $5.7B (from $5.6B to $5.8B). Last quarter: $5.2B.

Best top-analyst consensus in the sector · Basicmaterials

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EQXnot in our ETFs
About Cleveland-Cliffs
  • CEO: C. Lourenco Goncalves
  • Employees: 25,000
  • 200 Public Square, Cleveland, OH, 44114-2315, US
  • www.clevelandcliffs.com

Cleveland-Cliffs Inc. stands as a prominent North American manufacturer specializing in flat-rolled steel. The company's diverse product portfolio encompasses a wide array of carbon steel forms, including hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel. Additionally, they supply stainless steel, various steel plates, and specialized electrical steels (both grain-oriented and non-oriented). Beyond these core offerings, Cleveland-Cliffs produces tubular components, fabricated from carbon steel, stainless steel, and via electric resistance welding. Their tinplate division manufactures electrolytic tin-coated and chrome-coated sheets, alongside other tin mill products. The company also provides essential raw materials, ingots, rolled and cast blooms, hot-briquetted iron, and services like tooling and sampling. A key aspect of its operations is vertical integration, as the company owns and manages five iron ore mines located in Minnesota and Michigan. Cleveland-Cliffs serves a broad customer base, including the automotive industry, infrastructure and general manufacturing sectors, distributors, converters, and other steel producers. Founded in 1847, the company is headquartered in Cleveland, Ohio, and officially adopted the name Cleveland-Cliffs Inc. in August 2017, having previously been known as Cliffs Natural Resources Inc.

Data from the stock’s TipRanks forecast page, read 9 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗