
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs is expected to have positive earnings during its upcoming earnings on February 9, 2026, due to improved market conditions and management efforts. The company's share price has also exceeded its $13 price target, indicating a more normalized earnings and valuation. Potential upside for investors may come from a longer deleveraging story, but there are also downside risks to consider. The company is targeting flat fixed contract pricing and an increased share in the auto market in 2026. Credit should also be given to the projected 1.5MM tons of slabs, which could provide upside to estimates. Additionally, cash taxes are expected to be minimal and CapEx is estimated at $700MM for 2026, with a potential reline at Burns Harbor in 2027.
Bears say
Cleveland-Cliffs is facing several risks that could negatively impact its stock price. These include a potential investment by the Trump administration in the company, warrant issuances to pump up share price, unforeseen substantial investments from POSCO, and significant share repurchases by management. Additionally, the company's reliance on the automotive industry and its cyclical nature make it vulnerable to changes in demand and trade policies. Furthermore, the recent price increase in hot rolled coil (HRC) may only be a trading rally rather than a sustainable change in the market. Finally, the company's cost structure and working capital may be negatively impacted by its shift towards higher volumes in the auto market and away from contractual slabs.
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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