
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs Inc is poised to benefit from improving market conditions as it enters 2026 with a stronger operational foundation, thanks to management's strategic initiatives and an uptick in the pricing environment. Anticipated enhancements in average selling prices (ASPs) are expected to materialize in the first quarter of 2026, driven by favorable spot market trends, a shift in product mix, and increased auto market share efforts. Moreover, a cyclical recovery in the steel industry may further bolster demand and pricing dynamics, potentially providing additional upside for Cleveland-Cliffs's stock performance.
Bears say
Cleveland-Cliffs Inc. is currently facing significant challenges, as evidenced by a sharp decline in volumes both month-over-month and year-over-year, which is insufficient to counterbalance the rising domestic steel output. The company's guidance indicates substantial downside risk to projected earnings through 2026, compounded by a disappointing fourth-quarter free cash flow of -$153 million, which is significantly worse than market expectations. Additionally, the outlook is further weakened by predicted declines in average selling prices, anticipated to drop by $25-30 per ton quarter-over-quarter, amid low utilization rates in the steel production sector and subdued overall demand.
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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