Cleveland-Cliffs Inc. (CLF) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Hold
Based on 43 analysts28.4% Below Target
CLF trades 28.4% below Wall Street's consensus target of $12.25.
Current Price$9.54
Average Target$12.25
Target
Current
Low$9.00
Median$12.75
High$15.01
Analyst Target Range
Forward P/E—
PEG Ratio—
Implied Growth+81.0%
(High Growth)
Analyst Spread49.1%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes CLF achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 43 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
CLF Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Cleveland-Cliffs Inc. (CLF) has a Wall Street consensus price target of $12.25, based on estimates from 43 covering analysts. With the stock currently trading at $9.54, this represents a potential upside of +28.4%. The company has a market capitalization of $5.44B.
Analyst price targets range from a low of $9.00 to a high of $15.01, representing a 49% spread in expectations. The median target of $12.75 aligns closely with the consensus average.
The current analyst consensus rating is Hold, with 9 analysts rating the stock as a Buy or Strong Buy,24 rating it Hold, and 10 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, CLF trades at a trailing P/E of -3.2x. Analysts expect EPS to grow +81.0% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+21.7%
Industry Consensus
Avg Forward P/E
13.1x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NUENucor Corporation | $51.8B | $227.42 | $253.63 | +11.5% | Buy | 14.4x | 32 |
 STLDSteel Dynamics, Inc. | $32.0B | $221.76 | $273.25 | +23.2% | Buy | 13.6x | 27 |
 CMCCommercial Metals Company | $6.8B | $61.58 | $82.33 | +33.7% | Buy | 9.6x | 26 |
 RSReliance Steel & Aluminum Co. | $19.4B | $379.35 | $383.50 | +1.1% | Hold | 18.9x | 27 |
 WSWorthington Steel, Inc. | $1.6B | $32.16 | $46.00 | +43.0% | Buy | 14.9x | 1 |
 MTArcelorMittal S.A. | $48.1B | $63.15 | $60.00 | -5.0% | Buy | 13.4x | 44 |
 PKXPOSCO Holdings Inc. | $19.1B | $51.25 | $77.00 | +50.2% | Buy | 0.0x | 9 |
 TXTernium S.A. | $8.4B | $42.75 | $51.67 | +20.9% | Buy | 8.5x | 16 |
 GGBGerdau S.A. | $8.5B | $4.28 | $5.25 | +22.7% | Buy | 1.6x | 10 |
 SXCSunCoke Energy, Inc. | $660M | $7.78 | $9.00 | +15.7% | Buy | 36.2x | 17 |
CLF — Frequently Asked Questions
Quick answers to the most common questions about buying CLF stock.
What is the CLF stock price target for 2026?
The consensus Wall Street price target for CLF is $12.25, representing 28.4% upside from the current price of $9.54. With 43 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is CLF a buy, sell, or hold?
CLF has a consensus rating of "Hold" based on 43 Wall Street analysts. The rating breakdown is leaning bearish, with 10 Sell/Strong Sell ratings. The consensus 12-month price target of $12.25 implies 28.4% upside from current levels.
Is CLF stock overvalued or undervalued?
CLF's current price is $9.54 with a consensus target of $12.25 (28.4% implied move). Analyst estimates suggest the stock is undervalued at current levels.
How high can CLF stock go?
The most bullish Wall Street analyst has a price target of $15.01 for CLF, while the most conservative target is $9. The consensus of $12.25 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover CLF stock?
CLF is heavily covered by Wall Street, with 43 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 9 have Buy ratings, 24 recommend Hold, and 10 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CLF stock forecast?
The 12-month CLF stock forecast based on 43 Wall Street analysts shows a consensus price target of $12.25, with estimates ranging from $9 (bear case) to $15.01 (bull case). The median consensus rating is "Hold".
Should I buy CLF stock?
Wall Street analysts are very optimistic on CLF, with a "Hold" consensus rating and $12.25 price target (28.4% upside). 9 of 43 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CLF price targets vary so much?
CLF analyst price targets range from $9 to $15.01, a 49% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $12.25 consensus represents the middle ground.
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