
Cleveland-Cliffs (CLF) Stock Forecast & Price Target
Cleveland-Cliffs (CLF) Analyst Ratings
Bulls say
Cleveland-Cliffs Inc. is poised for a strong financial performance in 2026, driven by a favorable pricing environment and an improved operational model, highlighting its efforts to capture a larger share of the automotive market. The company is experiencing improved average selling prices (ASPs) due to enhanced spot market trends, prolonged lead times, and a beneficial shift in product mix, all of which are expected to contribute positively to its revenue trajectory. Additionally, management’s strategic initiatives and broader recovering steel fundamentals provide significant tailwinds that could enhance financial outcomes through the year.
Bears say
Cleveland-Cliffs Inc. is experiencing a significant decline in volumes, with month-over-month and year-over-year figures indicating a negative trend, despite an annualized run-rate only suggesting a minor reduction in steel output. The company's financial outlook is further complicated by Q4 free cash flow of -$153 million, which far exceeds Wall Street's estimate of -$88.8 million, alongside guidance that suggests potential downside risk to 2026 earnings estimates. With raw steel production up 3.4% year-over-year but utilization remaining stagnant at 76%, the company faces pressure on average selling prices, likely leading to subdued demand and weakened profitability in Q4.
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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