
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs Inc is positioned for a positive outlook in 2026, bolstered by improved market conditions and a strategic focus on increasing share in the automotive sector, which is expected to enhance revenue contributions. The company is anticipated to experience improved average selling prices (ASPs) due to favorable spot market dynamics, extending lead times, and an advantageous shift in product mix away from slabs, which are projected to influence quarterly results positively. Additionally, the overall recovery in the steel industry may yield unexpected gains in both pricing and demand, further benefiting Cleveland-Cliffs's financial performance and share value.
Bears say
Cleveland-Cliffs is experiencing a sharp decline in volumes both month-over-month and year-over-year, with indications that the annualized run-rate reflects a decrease of approximately 10 million tons of steel, insufficient to counterbalance the rising domestic output. The company faces significant financial pressures, evidenced by a fourth-quarter free cash flow of -$153 million, which is nearly double the market consensus estimate, alongside guidance pointing to substantial downside risks to 2026 earnings expectations. Furthermore, the anticipated sequential decline of $25-30 per ton in average selling prices (ASPs) and the overall low utilization rate of raw steel production suggest ongoing challenges in demand and profitability for Cleveland-Cliffs.
This aggregate rating is based on analysts' research of Cleveland-Cliffs and is not a guaranteed prediction by Public.com or investment advice.
Cleveland-Cliffs (CLF) Analyst Forecast & Price Prediction
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