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NYSE: CLF
Cleveland Cliffs Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CLF

Based on 4 analysts offering 12 month price targets for Cleveland Cliffs Inc.
Min Forecast
$21.50+25.29%
Avg Forecast
$23.38+36.22%
Max Forecast
$25.00+45.69%

Should I buy or sell CLF stock?

Based on 4 analysts offering ratings for Cleveland Cliffs Inc.
Strong Buy
Strong Buy
3 analysts 75%
Buy
1 analysts 25%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CLF stock forecasts and price targets.

CLF stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-10-31
lockedlocked$00.00+00.00%2023-09-27
lockedlocked$00.00+00.00%2023-09-26
lockedlocked$00.00+00.00%2023-07-26

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Forecast return on equity

Is CLF forecast to generate an efficient return?
Company
N/A
Industry
8.04%
Market
39.48%

Forecast return on assets

Is CLF forecast to generate an efficient return on assets?
Company
N/A
Industry
5.04%

CLF revenue forecast

What is CLF's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$22.1B+0.57%
Avg 2 year Forecast
$21.3B-3.07%
Avg 3 year Forecast
$21.1B-3.83%
CLF's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CLF earnings growth forecast

How is CLF forecast to perform vs Steel companies and vs the US market?
Company
97.78%
Industry
-6.72%
Market
21.02%
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
CLF's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

CLF revenue growth forecast

How is CLF forecast to perform vs Steel companies and vs the US market?
Company
-1.09%
Industry
-5.4%
Market
6.49%
CLF's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CLF's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CLF vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
CLF$17.16$23.38+36.22%Strong Buy
X$35.90$26.27-26.82%Hold
GGB$4.46$5.10+14.35%Hold
CMC$45.33$53.67+18.39%Buy
SIM$29.94N/AN/A
View Top Steel Stocks

Cleveland Cliffs Stock Forecast FAQ

Is Cleveland Cliffs Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: CLF) stock is to Strong Buy CLF stock.

Out of 4 analysts, 3 (75%) are recommending CLF as a Strong Buy, 1 (25%) are recommending CLF as a Buy, 0 (0%) are recommending CLF as a Hold, 0 (0%) are recommending CLF as a Sell, and 0 (0%) are recommending CLF as a Strong Sell.

If you're new to stock investing, here's how to buy Cleveland Cliffs stock.

What is CLF's revenue growth forecast for 2023-2025?

(NYSE: CLF) Cleveland Cliffs's forecast annual revenue growth rate of -1.09% is forecast to beat the US Steel industry's average forecast revenue growth rate of -5.4%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 6.49%.

Cleveland Cliffs's revenue in 2023 is $21,928,000,000.On average, 4 Wall Street analysts forecast CLF's revenue for 2023 to be $11,133,297,791,717, with the lowest CLF revenue forecast at $11,106,342,238,469, and the highest CLF revenue forecast at $11,168,036,286,396. On average, 4 Wall Street analysts forecast CLF's revenue for 2024 to be $10,731,058,657,567, with the lowest CLF revenue forecast at $10,252,763,181,910, and the highest CLF revenue forecast at $11,456,312,074,992.

In 2025, CLF is forecast to generate $10,646,051,630,498 in revenue, with the lowest revenue forecast at $9,997,389,202,671 and the highest revenue forecast at $11,566,371,833,160.

What is CLF's forecast return on assets (ROA) for 2023-2025?

(NYSE: CLF) forecast ROA is N/A, which is lower than the forecast US Steel industry average of 5.04%.

What is CLF's Price Target?

According to 4 Wall Street analysts that have issued a 1 year CLF price target, the average CLF price target is $23.38, with the highest CLF stock price forecast at $25.00 and the lowest CLF stock price forecast at $21.50.

On average, Wall Street analysts predict that Cleveland Cliffs's share price could reach $23.38 by Oct 31, 2024. The average Cleveland Cliffs stock price prediction forecasts a potential upside of 36.22% from the current CLF share price of $17.16.

What is CLF's forecast return on equity (ROE) for 2023-2025?

(NYSE: CLF) forecast ROE is N/A, which is considered weak.
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