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CLF Stock Forecast: Cleveland-Cliffs, Inc. Price Predictions for 2026-2027

Last close, 2 Oct 2026
$11
−1.39% on the day

The 13 Wall Street analysts covering Cleveland-Cliffs, Inc. hold a median 12-month price target of $12 — +6.1% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 47 of 100 as at 1 Oct 2026 — in the lower half.

Market cap
$6.3B
Ticker Nerd rank
47 / 100
Median analyst target
$12
Analysts covering
13
Revenue$5.2B+5.9% y/y
Operating income−$46.0M
Net income−$134.0M
Free cash flow$73.0M
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−7.1%
1M
−8.9%
YTD
−14.8%
1Y
−10.9%
From 52W high
−30.1%
From 52W low
+44.6%
$8
$16
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

CLF stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Cleveland-Cliffs, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 1 Oct 2026
47 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Growth
95
Revisions
80
Accruals
67
Momentum
55
Issuance
45
Value
30
Volatility
19
Size
19
Quality
17

Growth (95): Sales and profits are climbing, and climbing faster than before.

Quality (17): Profits are thin or unreliable for the size of the business, or they are not turning into cash.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

CLF stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on CLF, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$8$10$12$14$16Jan 26Apr 26Jul 26Oct 26CLFHigh $15Median $12Low $10

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says13 analysts
1 Buy11 Hold1 Sell
Low $10Median $12High $15

The green dot is the last close — the median target sits +6.1% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 6 moved their price target up and 4 moved it down.

DateFirmActionRatingTarget
21 Sept 2026GLJ ResearchMaintainsBuy$16 → $17
18 Sept 2026GLJ ResearchReiteratesBuy$16
9 Sept 2026JP MorganMaintainsNeutral—
9 Sept 2026JP MorganMaintainsNeutral$11 → $13
24 Aug 2026Wells FargoMaintainsEqual-Weight—
24 Aug 2026Wells FargoMaintainsEqual-Weight$11 → $12
24 July 2026BarclaysMaintainsUnderweight—
24 July 2026BarclaysMaintainsUnderweight$9.00 → $10
24 July 2026GLJ ResearchUpgradeBuy—
24 July 2026GLJ ResearchUpgradeBuy$15 → $16
24 July 2026Wells FargoMaintainsEqual-Weight$9.00 → $11
24 July 2026Wells FargoMaintainsEqual-Weight—
15 July 2026JP MorganMaintainsNeutral—
15 July 2026JP MorganMaintainsNeutral$13 → $10
9 July 2026B of A SecuritiesMaintainsNeutral—
9 July 2026B of A SecuritiesMaintainsNeutral$14 → $12
9 July 2026Wells FargoMaintainsEqual-Weight$14 → $9.00
9 July 2026Wells FargoMaintainsEqual-Weight—
7 July 2026CitigroupMaintainsNeutral$11 → $10
7 July 2026CitigroupMaintainsNeutral—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. CLF appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

CLF vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 2 Oct 2026, Cleveland-Cliffs, Inc. returned −10.9% against +15.4% for the S&P 500, dividends included.

CLF vs S&P 500, last 12 monthsTotal return, rebased to 100
60708090100110120Jan 26Apr 26Jul 26Oct 26CLFS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

CLF analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
Analysts raising
3
Analysts cutting
1
Fundamentals

Cleveland-Cliffs, Inc. (CLF) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
147.4×

Cheaper than 5% of US stocks

Price / sales
0.3×

Cheaper than 87% of US stocks

Price / book
1.1×

Cheaper than 68% of US stocks

EV / EBITDA
27.5×

Cheaper than 10% of US stocks

Growth & margins
Revenue growth (YoY)
5.9%

Higher than 41% of US stocks

Earnings growth (YoY)
5.9%

Higher than 43% of US stocks

Gross margin
2.5%

Higher than 5% of US stocks

Operating margin
0.3%

Higher than 46% of US stocks

Net margin
−4.6%

Higher than 24% of US stocks

Returns & dividend
Return on equity
−13.9%

Higher than 34% of US stocks

Return on assets
−1.7%

Higher than 38% of US stocks

Dividend yield
1.1%

Higher than 23% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Cleveland-Cliffs, Inc. (CLF) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Cleveland-Cliffs, Inc. has a market value of $6.3B and an enterprise value of $14.1B.

  • Revenue in the twelve months to 30 June 2026: $19.2B. The latest quarter grew 5.9% year on year.

  • Net income over the same four quarters: −$832.0M, a −4.3% net margin.

  • Diluted earnings per share, trailing twelve months: $−1.62.

  • Free cash flow in the twelve months to 30 June 2026: −$857.0M, after $606.0M of capital spending.

  • Shares outstanding: 570.5M.

  • Trailing P/E: 147.4×; forward P/E: 15.1× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 1.09%, paying out 0% of earnings.

  • Cleveland-Cliffs, Inc. employs 25,000 people — $768K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 1 Oct 2026

Data provided by Twelve Data

Peers

CLF vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelSteel
CompanyMarket capTKN rank
CLFCleveland-Cliffs, Inc.$6.3B
47
RSReliance, Inc.$20.6B
93
WSWorthington Steel, Inc.$1.8B
47
STLDSteel Dynamics, Inc.$32.6B
75
NWPXNWPX Infrastructure, Inc.$1.0B
98
MTUSMetallus, Inc.$808.8M
73
NUENucor Corp.$54.0B
88

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Cleveland-Cliffs, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest CLF news & analysis

Investors Heavily Search Cleveland-Cliffs Inc. (CLF): Here is What You Need to Know

Zacks Investment Research · 2 Oct 2026neutral

Cleveland-Cliffs has become one of the most-watched stocks by Zacks.com users recently, prompting the research firm to explore what lies ahead for the company. The piece notes that the stock is drawing heavy investor attention and warrants a closer look at its prospects.

Why it matters — This signals heightened investor interest and visibility for CLF, which a watcher would want to track as a gauge of market attention on the company.

Cleveland-Cliffs to Announce Third-Quarter 2026 Earnings Results and Host Conference Call on October 19

Business Wire · 1 Oct 2026neutral

Cleveland-Cliffs Inc. announced it will release its third-quarter 2026 earnings results before the U.S. market open on Monday, October 19, 2026, and will host a related conference call with securities analysts and institutional investors at 8:30 am ET that same morning. The call will be accessible via the company's website and archived for replay.

Why it matters — Cleveland-Cliffs watchers will be able to hear the company's third-quarter 2026 results and management commentary directly during the scheduled conference call.

“Cleveland-Cliffs Rises 3% as Steel-Stock Selloff Subsides; Nucor and Steel Dynamics Tick Higher

24/7 Wall Street · 30 Sept 2026positive

Cleveland-Cliffs' stock rose 3% to $11.32 on Wednesday as the recent selloff in steel stocks subsided. Fellow steelmakers Nucor and Steel Dynamics also ticked higher, with gains of 0.4% and 0.81% respectively.

Why it matters — A rebound in Cleveland-Cliffs' share price alongside strength across the broader steel sector suggests easing selling pressure that CLF watchers would find encouraging.

A $15 Billion Iowa Steel Mill Is Coming. What It Means for Nucor and Cleveland-Cliffs

24/7 Wall Street · 29 Sept 2026neutral

A $15 billion foreign-owned steel mill is being built in Iowa, with its first steel expected to ship in 2030. When operational, it will reshape the competitive landscape for two of America's biggest steelmakers, including Cleveland-Cliffs.

Why it matters — Cleveland-Cliffs watchers would care because the new Iowa mill could alter the domestic competitive landscape once its steel begins shipping in 2030.

Why Cleveland-Cliffs (CLF) Dipped More Than Broader Market Today

Zacks Investment Research · 28 Sept 2026negative

Cleveland-Cliffs (CLF) closed its recent trading session at $11.22, down 7.88% from the prior day's close, a decline exceeding that of the broader market.

Why it matters — A sharper-than-market drop in CLF's share price is notable for investors tracking the stock's recent performance and volatility.

FAQ

Frequently asked questions about CLF stock

What is the CLF stock price forecast for 2026-2027?

The 13 Wall Street analysts covering Cleveland-Cliffs, Inc. have a median 12-month price target of $12, with estimates ranging from $10 to $15. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is CLF stock a buy right now?

Of the 13 analysts covering Cleveland-Cliffs, Inc., 1 rate it a Buy, 11 a Hold and 1 a Sell. Ticker Nerd's systematic factor model ranks Cleveland-Cliffs, Inc. 47 out of 100 across roughly 4,600 US stocks as at 1 Oct 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank CLF?

As at 1 Oct 2026, Cleveland-Cliffs, Inc. ranks 47 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Growth (95 of 100).

Will CLF stock go up?

No one can know that. What the data says: the median 12-month target from 13 analysts implies +6.1% from the last close, and Ticker Nerd's factor model ranks Cleveland-Cliffs, Inc. 47 out of 100 as at 1 Oct 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the CLF stock forecast for 2030?

No analyst covering Cleveland-Cliffs, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for CLF are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $10 to $15 over the next 12 months.

How has CLF stock performed over the past year?

Cleveland-Cliffs, Inc. returned -10.9% over the 12 months to 2 Oct 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Cleveland-Cliffs, Inc. do?

Cleveland-Cliffs Inc. is a North America-based steel producer focused on value-added sheet products, especially for the automotive industry.

What is the latest news on CLF?

The most recent item we track (Zacks Investment Research, 2 Oct 2026): "Investors Heavily Search Cleveland-Cliffs Inc. (CLF): Here is What You Need to Know". Cleveland-Cliffs has become one of the most-watched stocks by Zacks.com users recently, prompting the research firm to explore what lies ahead for the company. The piece notes that the stock is drawing heavy investor attention and warrants a closer look at its prospects.

Company

About Cleveland-Cliffs, Inc.

Cleveland-Cliffs Inc. is a North America-based steel producer focused on value-added sheet products, especially for the automotive industry. The company operates a vertically integrated business model that spans iron ore mining, pelletizing, hot briquetted iron production, steelmaking, rolling and finishing, and downstream manufacturing. Its product portfolio includes flat-rolled steel, coated and specialty grades, stainless and electrical steel, plate, tubular products, stamped components, tooling, and related materials used across automotive, infrastructure, manufacturing, and industrial markets. Cleveland-Cliffs also supplies iron ore pellets and serves as a key raw-material and steel partner within the North American metals supply chain. Headquartered in Cleveland, Ohio, Cleveland-Cliffs combines mining, processing, and steel production capabilities to support a broad range of industrial customers in the United States and Canada.

CEO Mr. C. Lourenco Goncalves · 25,000 employees · United States · https://www.clevelandcliffs.com