
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs Inc is positioned favorably entering 2026, benefiting from improved market conditions, a targeted strategy for increased market share in the automotive sector, and expected enhancements in average selling prices (ASPs) driven by positive spot pricing dynamics and an improvement in the product mix. The company's strategic initiatives and operational improvements are expected to generate a favorable pricing environment and cost advantages, providing significant tailwinds for the forecasted period. Furthermore, as the steel industry experiences a cyclical recovery, the potential for increased demand and prices may create additional momentum for Cleveland-Cliffs's stock performance.
Bears say
Cleveland-Cliffs Inc. is currently facing significant challenges, as evidenced by sharp declines in both month-over-month and year-over-year steel volumes, leading to concerns about their ability to keep pace with rising domestic output. Guidance for 2026 suggests considerable downside risk, with an anticipated annualized run-rate indicating only a marginal reduction in steel production, while fourth-quarter free cash flow is projected to be notably negative at -$153 million, substantially worse than market expectations. Additionally, decreased profitability and potential price declines in fourth-quarter average selling prices (ASPs) imply ongoing pressure on margins and heightened operational inefficiencies amid stagnant steel utilization rates.
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
Start investing in Cleveland-Cliffs (CLF)
Order type
Buy in
Order amount
Est. shares
0 shares