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Steel Dynamics (STLD): analyst forecast and price target

$241 −0.09% close 16.10.26 · market cap $34.5B · Basicmaterials · Steel SPY 0.05%
Price targets and ratings of

Analyst consensus

Moderate Buy

2 Buy4 Hold0 Sell

Ratings of 6 analysts in the last 3 months · top analysts only

12-month forecast

$271+12.5% upside

Based on 6 price targets given in the last 3 months, the average target is $271, the highest $296, the lowest $260. The average is +12.5% from the last price of $241.

$150$200$250$300Jan 26AprJulOctJan 27AprJulOctHigh$296Average$271Low$260
Highest target $296 Average target $271 Lowest target $260
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan $272 → $260−4.4% Hold +8.1% Reiterated 09.10.26on TipRanks 10:15 +1.2%next day +0.4% · 5 days +2.9%
Nick Cash★★★★★★★★★★#6084 · hits 50% · avg +8.0% Goldman Sachs $299 Buy +24.3% Reiterated 05.10.26on TipRanks Oct 6 08:10 +3.2%next day −1.7% · 5 days −1.2%
Carlos De Alba★★★★★★★★★★#697 · hits 57% · avg +16.1% Morgan Stanley $260 Hold +8.1% Assigned 25.09.26on TipRanks 08:35 −1.2%next day −0.7% · 5 days −0.3%
Bill Peterson★★★★★★★★★★#2254 · hits 49% · avg +6.9% J.P. Morgan $273 → $272−0.4% Hold +13.1% Assigned 18.09.26on TipRanks 09:35 −4.2%next day −3.8% · 5 days −1.9%
Lawson Winder★★★★★★★★★★#424 · hits 57% · avg +16.2% Bank of America Securities $260 Hold +8.1% Reiterated 18.09.26on TipRanks 06:45 −4.2%next day −3.8% · 5 days −1.9%
Richard Garchitorena★★★★★★★★★★#2557 · hits 59% · avg +9.1% Barclays $272 Buy +13.1% Reiterated 18.09.26on TipRanks 05:20 −4.2%next day −3.8% · 5 days −1.9%
Nick Cash★★★★★★★★★★#6084 · hits 50% · avg +8.0% Goldman Sachs $301 → $299−0.7% Buy +24.3% Reiterated 17.09.26on TipRanks Sep 18 08:30 +1.9%next day −4.2% · 5 days −5.0%
Katja Jancic★★★★★★★★★★#397 · hits 73% · avg +30.1% BMO Capital $296 Buy +23.1% Reiterated 17.09.26on TipRanks Sep 18 07:35 +1.9%next day −4.2% · 5 days −5.0%
Timna Tanners★★★★★★★★★★#3057 · hits 55% · avg +4.1% Wells Fargo $255 → $257+0.8% Buy +6.8% Reiterated 17.09.26on TipRanks Sep 18 06:55 +1.9%next day −4.2% · 5 days −5.0%
Unknown Analyst Wolfe Research $255 → $275+7.8% Buy +14.3% Reiterated 24.08.26on TipRanks 07:10 +0.6%next day +0.5% · 5 days +1.0%
Andrew Jones CFA★★★★★★★★★★#2603 · hits 65% · avg +7.9% UBS $165 → $276+67.3% Hold +14.7% Reiterated 10.08.26on TipRanks 09:25 +2.4%next day −1.5% · 5 days −3.8%
Samuel McKinney★★★★★★★★★★#3618 · hits 79% · avg +11.6% KeyBanc $262 Buy +8.9% Reiterated 22.07.26on TipRanks Jul 23 21:12 +2.3%next day +2.0% · 5 days +8.1%
Alexander Hacking★★★★★★★★★★#479 · hits 67% · avg +19.1% Citi $180 → $255+41.7% Buy +6.0% Reiterated 22.04.26on TipRanks 07:50 +2.3%next day −0.7% · 5 days −1.4%
Chris LaFemina★★★★★★★★★★#470 · hits 55% · avg +14.9% Jefferies $195 → $220+12.8% Buy −8.5% Reiterated 21.04.26on TipRanks 08:50 +5.8%next day +2.3% · 5 days +2.0%

Every rating the collector has kept for the last 12 months, including the earlier ones of the same analyst. Latest of each analyst

Best analysts covering Steel Dynamics

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 Chris LaFemina★★★★★★★★★★Jefferies · #470
Hits 55%274 of 496 Average return +14.9%
1 year Chris LaFemina★★★★★★★★★★Jefferies · #470
Hits 55%274 of 496 Average return +14.9%
2 years Chris LaFemina★★★★★★★★★★Jefferies · #470
Hits 55%274 of 496 Average return +14.9%

Most profitable

3 months Chris LaFemina★★★★★★★★★★Jefferies · #470
Hits 55%274 of 496 Average return +14.9%
1 year Katja Jancic★★★★★★★★★★BMO Capital · #397
Hits 73%83 of 113 Average return +30.1%
2 years Alexander Hacking★★★★★★★★★★Citi · #479
Hits 67%152 of 228 Average return +19.1%

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 01.10.26: target $273 at a price of $222 (+23.1%); now: $272 at $241 (+13.0%).

$220$240$260Sep 15Oct 1Oct 15Top analysts$271Average target$272Price$241

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

05101520127Oct 25137Nov116Dec96Jan 2695Feb78Mar610Apr610May710Jun611Jul511Aug511Sep26Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy000000
Buy676552
Hold10101111116
Sell000000

Earnings and sales forecast

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

Earnings per share

Next quarter’s EPS estimate — $5.47 (from $5.29 to $6.22). Last quarter: $3.69.

Sales

Next quarter’s sales estimate — $6.4B (from $5.5B to $6.8B). Last quarter: $6.1B.

Best top-analyst consensus in the sector · Basicmaterials

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About Steel Dynamics
  • CEO: Mark D. Millett
  • Employees: 14,400
  • 7575 West Jefferson Boulevard, Fort Wayne, IN, 46804, US
  • www.steeldynamics.com

Steel Dynamics, Inc. is a prominent American steel manufacturer and metal recycling enterprise, conducting its operations through three distinct business divisions. The Steel Operations segment is responsible for producing a broad range of steel products, including hot, cold, and coated rolled steel, various structural shapes like beams, channels, and angles, flat and reinforcing bars, and a diverse selection of rail and engineered steel bar products. This segment also provides specialized processing services for both bar products (such as turning, polishing, and heat treating) and specialty items (including cutting, welding, and galvanizing). Its offerings cater to numerous industries, such as construction, automotive, manufacturing, transportation, heavy and agricultural equipment, and pipe and tube production. Sales are channeled directly to end-users, steel fabricators, and service centers. The Metals Recycling Operations division focuses on acquiring, processing, and reselling ferrous (e.g., heavy melting steel, shredded scrap, cast iron) and nonferrous (e.g., aluminum, copper, stainless steel) scrap metals, transforming them into reusable materials. This division further offers supplementary services including transportation logistics, marketing, brokerage, and scrap management. The Steel Fabrication Operations segment manufactures crucial components for commercial building construction, such as steel joists, girders, trusses, and steel deck products. Established in 1993 and headquartered in Fort Wayne, Indiana, the company also engages in exporting its products internationally.

Data from the stock’s TipRanks forecast page, read 30 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗