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Home โบ Stocks โบ Steelcase Inc. (SCS) Stock Forecast & Price Prediction United States | NYSE | Consumer Cyclical | Furnishings, Fixtures & Appliances
$16.14
+0.02 (0.12%)Did SCS Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Steelcase is one of their latest high-conviction picks.
Based on our analysis of 5 Wall Street analysts, SCS has a neutral consensus with a median price target of $16.65 (ranging from $16.00 to $18.00). The overall analyst rating is Strong Buy (8.0/10). Currently trading at $16.14, the median forecast implies a 3.2% upside. This outlook is supported by 1 Buy, 1 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Reuben Garner at Benchmark, projecting a 11.5% upside. Conversely, the most conservative target is provided by Joe Gomes at Noble Capital Markets, suggesting a 0.9% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SCS.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Oct 9, 2024 | Noble Capital Markets | Joe Gomes | Outperform | Initiates | $16.00 |
| Jun 24, 2024 | Benchmark | Reuben Garner | Buy | Maintains | $18.00 |
| Jun 21, 2024 | Benchmark | Reuben Garner | Buy | Maintains | $18.00 |
| Jun 14, 2024 | Benchmark | Reuben Garner | Buy | Upgrade | $17.00 |
| Nov 30, 2022 | Benchmark | Reuben Garner | Hold | Downgrade | $N/A |
| Sep 23, 2022 | Benchmark | Reuben Garner | Buy | Maintains | $12.00 |
| Sep 15, 2022 | Sidoti & Co. | Gregory Burns | Neutral | Downgrade | $N/A |
| May 7, 2021 | Benchmark | Reuben Garner | Buy | Upgrade | $17.00 |
| Aug 24, 2020 | Benchmark | Hold | Downgrade | $N/A | |
| Jun 1, 2020 | Sidoti & Co. | Neutral | Maintains | $12.00 | |
| Mar 25, 2020 | Sidoti & Co. | Gregory Burns | Neutral | Maintains | $10.00 |
| Mar 16, 2020 | Sidoti & Co. | Gregory Burns | Neutral | Maintains | $14.00 |
| Dec 18, 2019 | Sidoti & Co. | Neutral | Maintains | $20.00 | |
| Oct 7, 2019 | Raymond James | Market Perform | Downgrade | $N/A | |
| Sep 23, 2019 | Raymond James | Strong Buy | Maintains | $23.00 | |
| Mar 21, 2019 | Raymond James | Budd Bugatch | Strong Buy | Upgrade | $21.00 |
| Sep 24, 2018 | Raymond James | Budd Bugatch | Outperform | Maintains | $20.00 |
| Sep 1, 2017 | Sidoti & Co. | Buy | Upgrade | $N/A | |
| Jun 23, 2017 | Raymond James | Outperform | Downgrade | $N/A | |
| Nov 4, 2016 | Seaport Global | Neutral | Initiates | $N/A |
The following stocks are similar to Steelcase based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Steelcase Inc. has a market capitalization of $1.85B with a P/E ratio of 20.2x. The company generates $3.26B in trailing twelve-month revenue with a 2.9% profit margin.
Revenue growth is +4.8% quarter-over-quarter, while maintaining an operating margin of +8.4% and return on equity of +9.8%.
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Designs and manufactures office furniture solutions.
The company generates revenue by creating innovative furniture products tailored for various work environments, including corporate, educational, healthcare, and government sectors. Steelcase focuses on enhancing workplace productivity and wellbeing, offering a range of solutions that address the needs of open-plan offices and collaborative spaces.
With a strong emphasis on sustainability and technological integration, Steelcase is committed to redefining workspaces through design and innovation. Headquartered in Grand Rapids, Michigan, it plays a significant role in the global furniture market.
Consumer Cyclical
Furnishings, Fixtures & Appliances
11,300
Ms. Sara E. Armbruster
United States
1998
HNI Corporation is rated Hold as it awaits proof of synergies from the Steelcase acquisition. Recent sales grew 38%, but organic growth was only 9%, with margins impacted by acquisition costs.
HNI's Hold rating signals uncertainty about the Steelcase acquisition's benefits. Strong sales growth contrasts with modest organic growth, indicating potential risks and future performance dependency.
HNI Corporation and Steelcase Inc. shareholders have approved proposals related to HNI's acquisition of Steelcase.
HNI Corporation's acquisition of Steelcase signals potential growth and market expansion, impacting stock valuations and investor sentiment in the office furniture sector.
Steelcase (SCS) and SGS SA (SGSOY) have shown performance metrics in comparison to their respective sectors in 2023. Further details on performance specifics were not provided.
Performance comparisons indicate relative strength or weakness against sector peers, influencing investment decisions and highlighting potential opportunities or risks in Steelcase and SGS SA.
Steelcase (SCS) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating increased optimism about its earnings prospects.
Steelcase's upgrade to Zacks Rank #1 signals strong earnings potential, likely boosting investor confidence and driving stock price appreciation.
SCS, GTLB, NTGR, ELA, and MOS were added to the Zacks Rank #1 (Strong Buy) List on October 9, 2025.
Stocks on the Zacks Rank #1 list indicate strong potential for growth, suggesting favorable investment opportunities in SCS, GTLB, NTGR, ELA, and MOS.
SCS, NMR, and JMPLY were ranked as Zacks Rank #1 (Strong Buy) income stocks on October 9, 2025.
SCS, NMR, and JMPLY being ranked as Strong Buy income stocks indicates strong potential for growth and dividend returns, attracting investor interest and possibly driving stock prices higher.
Based on our analysis of 5 Wall Street analysts, Steelcase Inc. (SCS) has a median price target of $16.65. The highest price target is $18.00 and the lowest is $16.00.
According to current analyst ratings, SCS has 1 Buy ratings, 1 Hold ratings, and 0 Sell ratings. The stock is currently trading at $16.14. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SCS stock could reach $16.65 in the next 12 months. This represents a 3.2% increase from the current price of $16.14. Please note that this is a projection by Wall Street analysts and not a guarantee.
The company generates revenue by creating innovative furniture products tailored for various work environments, including corporate, educational, healthcare, and government sectors. Steelcase focuses on enhancing workplace productivity and wellbeing, offering a range of solutions that address the needs of open-plan offices and collaborative spaces.
The highest price target for SCS is $18.00 from Reuben Garner at Benchmark, which represents a 11.5% increase from the current price of $16.14.
The lowest price target for SCS is $16.00 from Joe Gomes at Noble Capital Markets, which represents a -0.9% decrease from the current price of $16.14.
The overall analyst consensus for SCS is neutral. Out of 5 Wall Street analysts, 1 rate it as Buy, 1 as Hold, and 0 as Sell, with a median price target of $16.65.
Stock price projections, including those for Steelcase Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.