CLEVELAND-CLIFFS INC (CLF) Forecast, Price Target & Analyst Ratings

NYSE:CLF • US1858991011

Current stock price

9.04 USD
-0.19 (-2.06%)
At close:
9.06 USD
+0.02 (+0.22%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CLEVELAND-CLIFFS INC (CLF).

Forecast Snapshot

Consensus Price Target

Price Target
$12.56
+ 38.90% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 20, 2026
Period
Q1 / 2026
EPS Estimate
-$0.35
Revenue Estimate
4.829B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
54.55%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$12.56
Upside
+ 38.90%
From current price of $9.04 to mean target of $12.56, Based on 22 analyst forecasts
Low
$8.99
Median
$13.26
High
$17.64

Price Target Revisions

1 Month
-5.74%
3 Months
-0.14%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for CLF. The average price target is 12.56 USD. This implies a price increase of 38.9% is expected in the next year compared to the current price of 9.04.
The average price target has been revised downward by 0.14% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CLF Current Analyst RatingCLF Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

CLF Historical Analyst RatingsCLF Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
54.55%
CLF was analyzed by 22 analysts. The buy percentage consensus is at 55. So analysts seem to be rather neutral about CLF.
In the last month the buy percentage fell by 10 points. So the trust of analysts is decreasing.
CLF was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-03-19Wells FargoMaintains Equal-Weight -> Equal-Weight
2026-03-16GLJ ResearchReiterate Sell -> Sell
2026-02-10GLJ ResearchMaintains Sell -> Sell
2026-02-10CitigroupMaintains Neutral -> Neutral
2026-01-23Seaport GlobalDowngrade Buy -> Neutral
2026-01-13GLJ ResearchMaintains Sell -> Sell
2026-01-09Morgan StanleyUpgrade Equal-Weight -> Overweight
2026-01-07KeybancDowngrade Overweight -> Sector Weight
2025-11-14Wells FargoUpgrade Underweight -> Equal-Weight
2025-11-11CitigroupMaintains Neutral -> Neutral
2025-11-10KeybancMaintains Overweight -> Overweight
2025-10-31Goldman SachsMaintains Buy -> Buy
2025-10-27KeybancMaintains Overweight -> Overweight
2025-10-21GLJ ResearchReiterate Sell -> Sell
2025-10-21Wells FargoDowngrade Equal-Weight -> Underweight
2025-10-21B of A SecuritiesMaintains Neutral -> Neutral
2025-10-13JP MorganMaintains Neutral -> Neutral
2025-10-09Goldman SachsMaintains Buy -> Buy
2025-09-15Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-09-15B of A SecuritiesMaintains Neutral -> Neutral
2025-08-14Wells FargoInitiate Equal-Weight
2025-07-24JP MorganMaintains Neutral -> Neutral
2025-07-22KeybancUpgrade Sector Weight -> Overweight
2025-07-22Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-07-21CitigroupMaintains Neutral -> Neutral

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 20, 2026
Period
Q1 / 2026
EPS Estimate
-$0.35
Revenue Estimate
4.829B
Revenue Q2Q
4.32%
EPS Q2Q
65.36%
Number of Analysts
12

Next Earnings Revisions

Revenue (1 Month)
-0.41%
Revenue (3 Months)
-0.39%
EPS (1 Month)
-9.43%
EPS (3 Months)
-8.54%

Next Earnings Summary

CLF is expected to report earnings on 4/20/2026. The consensus EPS estimate for the next earnings is -0.35 USD and the consensus revenue estimate is 4.83B USD.
The next earnings revenue estimate has been revised downward by 0.39% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2031

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031
Revenue
YoY % growth
CLF revenue by date.CLF revenue by date.
21.996B
-4.32%		19.185B
-12.78%		18.61B
-3.00%		20.081B
7.90%		20.571B
2.44%		20.242B
-1.60%		21.448B
5.96%		21.471B
0.11%		21.481B
0.05%
EBITDA
YoY % growth
CLF ebitda by date.CLF ebitda by date.
1.769B
-40.58%		440M
-75.13%		-218M
-149.55%		1.372B
729.36%		1.94B
41.40%		1.907B
-1.70%		2.685B
40.80%		2.695B
0.37%		2.698B
0.11%
EBIT
YoY % growth
CLF ebit by date.CLF ebit by date.
796M
-59.03%		-511M
-164.20%		-1.453B
-184.34%		334.4M
123.01%		810.69M
142.43%		935.35M
15.38%		1.656B
77.05%		1.672B
0.97%		1.679B
0.42%
Operating Margin
CLF operating margin by date.CLF operating margin by date.
3.62%-2.66%-7.81%1.67%3.94%4.62%7.72%7.79%7.82%
EPS
YoY % growth
CLF eps by date.CLF eps by date.
1.03
-58.96%		-1.26
-222.33%		-2.92
-131.75%		-0.48
83.70%		0.30
163.81%		0.48
59.00%		N/AN/AN/A

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		-0.35
65.36%		0.00
100.13%		-0.04
91.78%		-0.14
68.55%		0.05
113.12%		0.17
13,100.00%		0.14
431.33%		0.09
163.87%
Revenue
Q2Q % growth		4.829B
4.32%		5.238B
6.16%		5.077B
7.25%		4.854B
12.54%		4.917B
1.82%		5.125B
-2.16%		5.017B
-1.18%		4.703B
-3.11%
EBITDA
Q2Q % growth		159.04M
162.86%		406.42M
34.58%		409.61M
-46.25%		350.82M
-60.93%		395.04M
148.39%		447.26M
10.05%		450.39M
9.96%		448.57M
27.86%
EBIT
Q2Q % growth		-157.271M
70.60%		120.34M
132.26%		125.58M
162.48%		69.034M
120.48%		19.19M
112.20%		58.58M
-51.32%		82.82M
-34.05%		107.06M
55.08%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CLF Yearly Revenue VS EstimatesCLF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 5B 10B 15B 20B
CLF Yearly EPS VS EstimatesCLF Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 -2 4

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
29.37%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
2.01%
Revenue Next 5 Year
2.40%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
48.95%
EBIT Next 5 Year
30.90%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CLEVELAND-CLIFFS INC / CLF Forecast FAQ

What do analysts expect the price target to be for CLEVELAND-CLIFFS INC (CLF)?

22 analysts have analysed CLF and the average price target is 12.56 USD. This implies a price increase of 38.9% is expected in the next year compared to the current price of 9.04.

When does CLEVELAND-CLIFFS INC (CLF) report earnings?

CLEVELAND-CLIFFS INC (CLF) will report earnings on 2026-04-20, after the market close.

Can you provide the consensus estimates for CLEVELAND-CLIFFS INC next earnings?

The consensus EPS estimate for the next earnings of CLEVELAND-CLIFFS INC (CLF) is -0.35 USD and the consensus revenue estimate is 4.83B USD.

What is the number of analysts for CLF stock?

The number of analysts covering CLEVELAND-CLIFFS INC (CLF) is 22.