
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs Inc. is poised for a positive outlook as it enters 2026, bolstered by improved market conditions and management's strategic initiatives aimed at increasing its share in the automotive steel market. The company is expected to benefit from a favorable pricing environment, with projected increases in average selling prices (ASPs) driven by recent spot market trends, lagging contracts, and an advantageous product mix shift. Additionally, the overall recovery in the steel sector may yield unexpected demands, further enhancing Cleveland-Cliffs' market position and potential for revenue growth.
Bears say
Cleveland-Cliffs Inc is experiencing a significant decline in volumes both month-over-month and year-over-year, with projections indicating only a minor reduction in annualized steel output, insufficient to counterbalance increasing domestic production levels. The company's financial guidance suggests substantial downside risks to 2026 earnings estimates, compounded by a disappointing fourth-quarter free cash flow of -$153 million, which is nearly double the market consensus of -$88.8 million. Additionally, with raw steel production growing modestly while utilization rates remain low at 76%, the company's average selling prices (ASPs) are anticipated to face sequential pressure, further contributing to an unfavorable outlook.
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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