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NASDAQ: STLD
Steel Dynamics Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for STLD

Based on 5 analysts offering 12 month price targets for Steel Dynamics Inc.
Min Forecast
$108.00-19.5%
Avg Forecast
$125.00-6.83%
Max Forecast
$160.00+19.26%

Should I buy or sell STLD stock?

Based on 5 analysts offering ratings for Steel Dynamics Inc.
Hold
Strong Buy
1 analysts 20%
Buy
0 analysts 0%
Hold
3 analysts 60%
Sell
0 analysts 0%
Strong Sell
1 analysts 20%

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STLD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-16
lockedlocked$00.00+00.00%2024-03-18
lockedlocked$00.00+00.00%2024-03-13
lockedlocked$00.00+00.00%2024-01-24
lockedlocked$00.00+00.00%2023-10-31

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Forecast return on equity

Is STLD forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
19.68%

Forecast return on assets

Is STLD forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

STLD revenue forecast

What is STLD's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$18.4B-1.92%
Avg 2 year Forecast
$17.6B-6.5%
Avg 3 year Forecast
$17.5B-7.14%
STLD's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

STLD earnings growth forecast

How is STLD forecast to perform vs Steel companies and vs the US market?
Company
-27.91%
Industry
31.67%
Market
28.56%
STLD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
STLD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
STLD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

STLD revenue growth forecast

How is STLD forecast to perform vs Steel companies and vs the US market?
Company
-2.75%
Industry
-3.13%
Market
9.3%
STLD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
STLD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

STLD vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
STLD$134.16$125.00-6.83%Hold
PKX$71.48N/AN/A
MT$25.19$31.00+23.06%Hold
RS$313.94$365.67+16.48%Buy
CLF$18.55$21.43+15.50%Hold
View Top Steel Stocks

Steel Dynamics Stock Forecast FAQ

Is Steel Dynamics Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: STLD) stock is to Hold STLD stock.

Out of 5 analysts, 1 (20%) are recommending STLD as a Strong Buy, 0 (0%) are recommending STLD as a Buy, 3 (60%) are recommending STLD as a Hold, 0 (0%) are recommending STLD as a Sell, and 1 (20%) are recommending STLD as a Strong Sell.

If you're new to stock investing, here's how to buy Steel Dynamics stock.

What is STLD's revenue growth forecast for 2024-2026?

(NASDAQ: STLD) Steel Dynamics's forecast annual revenue growth rate of -2.75% is forecast to beat the US Steel industry's average forecast revenue growth rate of -3.13%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.3%.

Steel Dynamics's revenue in 2024 is $18,795,316,000.On average, 3 Wall Street analysts forecast STLD's revenue for 2024 to be $2,915,613,469,164, with the lowest STLD revenue forecast at $2,789,661,997,285, and the highest STLD revenue forecast at $3,012,686,861,106. On average, 4 Wall Street analysts forecast STLD's revenue for 2025 to be $2,779,315,998,209, with the lowest STLD revenue forecast at $2,653,010,576,349, and the highest STLD revenue forecast at $3,102,676,825,092.

In 2026, STLD is forecast to generate $2,760,457,960,730 in revenue, with the lowest revenue forecast at $2,697,151,049,071 and the highest revenue forecast at $2,823,765,030,544.

What is STLD's forecast return on assets (ROA) for 2024-2026?

(NASDAQ: STLD) forecast ROA is N/A, which is lower than the forecast US Steel industry average of N/A.

What is STLD's Price Target?

According to 5 Wall Street analysts that have issued a 1 year STLD price target, the average STLD price target is $125.00, with the highest STLD stock price forecast at $160.00 and the lowest STLD stock price forecast at $108.00.

On average, Wall Street analysts predict that Steel Dynamics's share price could fall to $125.00 by Apr 16, 2025. The average Steel Dynamics stock price prediction forecasts a potential downside of 6.83% from the current STLD share price of $134.16.

What is STLD's forecast return on equity (ROE) for 2024-2026?

(NASDAQ: STLD) forecast ROE is N/A, which is considered weak.
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