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Cleveland-Cliffs

CLFNYSE
Logo brought to you by Benzinga Data
$15.47
0.211.38%
At Close: -
$15.44
-0.03-0.19%
After Hours: 7:57 PM EDT
15 minutes delayed
Q2 2024 Earnings were released on Mon Jul 22nd, after the market close
The most recent conference call was at 8:30 AM, 4 days ago Click to view past webcast
Consensus Rating1
Neutral
Highest Price Target1
$25.00
Lowest Price Target1
$10.13
Consensus Price Target1
$19.22

Cleveland-Cliffs (NYSE:CLF) Stock, Analyst Ratings, Price Targets, Forecasts

Cleveland-Cliffs Inc has a consensus price target of $19.22 based on the ratings of 15 analysts. The high is $25 issued by Credit Suisse on July 26, 2023. The low is $10.13 issued by GLJ Research on June 14, 2024. The 3 most-recent analyst ratings were released by B of A Securities, B. Riley Securities, and GLJ Research on June 26, 2024, June 25, 2024, and June 14, 2024, respectively. With an average price target of $17.04 between B of A Securities, B. Riley Securities, and GLJ Research, there's an implied 10.38% upside for Cleveland-Cliffs Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
1
1
Feb
2
Mar
1
1
1
Apr
0
0
0
0
May
3
2
Jun
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.8
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

B of A Securities
B. Riley Securities
GLJ Research
JP Morgan
Jefferies

1calculated from analyst ratings

Analyst Ratings for Cleveland-Cliffs

Buy NowGet Alert
06/26/2024Buy Now16.58%B of A Securities
Lawson Winder
$20 → $18MaintainsNeutralGet Alert
06/25/2024Buy Now48.96%B. Riley Securities
Lucas Pipes
$23 → $23MaintainsBuyGet Alert
06/14/2024Buy Now-34.39%GLJ Research
Gordon Johnson
$10.13 → $10.13ReiteratesSell → SellGet Alert
06/11/2024Buy NowSeaport Global
Martin Englert
Initiates → NeutralGet Alert
06/11/2024Buy Now10.1%JP Morgan
Bill Peterson
$23 → $17DowngradeOverweight → NeutralGet Alert
06/06/2024Buy Now-34.39%GLJ Research
Gordon Johnson
→ $10.13DowngradeBuy → SellGet Alert
05/20/2024Buy Now42.49%Jefferies
Christopher LeFemina
→ $22Initiates → BuyGet Alert
04/30/2024Buy Now23.06%Morgan Stanley
Carlos De Alba
$20 → $19MaintainsEqual-WeightGet Alert
04/30/2024Buy Now55.44%B. Riley Securities
Lucas Pipes
$25 → $24MaintainsBuyGet Alert
04/24/2024Buy Now48.96%JP Morgan
Bill Peterson
$24 → $23MaintainsOverweightGet Alert
04/09/2024Buy NowWolfe Research
Timna Tanners
DowngradePeer Perform → UnderperformGet Alert
03/28/2024Buy Now76.17%GLJ Research
Gordon Johnson
→ $27.2UpgradeSell → BuyGet Alert
03/26/2024Buy Now29.53%Morgan Stanley
Carlos De Alba
$20 → $20MaintainsEqual-WeightGet Alert
03/13/2024Buy Now42.49%Citigroup
Alexander Hacking
→ $22DowngradeBuy → NeutralGet Alert
02/28/2024Buy Now6.87%Exane BNP Paribas
Seth Rosenfeld
→ $16.5DowngradeNeutral → UnderperformGet Alert
02/15/2024Buy Now29.53%Morgan Stanley
Carlos De Alba
$21.5 → $20DowngradeOverweight → Equal-WeightGet Alert
02/08/2024Buy NowArgus Research
David Coleman
DowngradeBuy → HoldGet Alert
12/05/2023Buy Now-25.84%GLJ Research
Gordon Johnson
$13.44 → $11.45MaintainsSellGet Alert
10/31/2023Buy Now39.25%Morgan Stanley
Carlos De Alba
$19 → $21.5MaintainsOverweightGet Alert
09/27/2023Buy Now61.92%B. Riley Securities
Lucas Pipes
$26 → $25MaintainsBuyGet Alert
09/26/2023Buy Now42.49%Citigroup
Alexander Hacking
$22 → $22UpgradeNeutral → BuyGet Alert
09/25/2023Buy Now42.49%Citigroup
Alexander Hacking
→ $22UpgradeNeutral → BuyGet Alert
08/01/2023Buy Now68.39%B. Riley Securities
Lucas Pipes
$27 → $26MaintainsBuyGet Alert
07/27/2023Buy Now23.06%Morgan Stanley
Carlos De Alba
$19 → $19ReiteratesOverweight → OverweightGet Alert
07/26/2023Buy Now61.92%Credit Suisse
Curt Woodworth
→ $25ReiteratesOutperform → OutperformGet Alert
06/21/2023Buy Now23.06%Morgan Stanley
Carlos De Alba
→ $19ReiteratesOverweight → OverweightGet Alert
05/23/2023Buy Now16.58%JP Morgan
Michael Glick
→ $18Initiates → NeutralGet Alert
05/22/2023Buy Now23.06%Morgan Stanley
Carlos De Alba
$24 → $19MaintainsOverweightGet Alert
04/27/2023Buy Now55.44%Morgan Stanley
Carlos De Alba
$26 → $24MaintainsOverweightGet Alert
03/20/2023Buy Now-2.85%Wolfe Research
Timna Tanners
→ $15UpgradeUnderperform → Peer PerformGet Alert
02/15/2023Buy Now68.39%B. Riley Securities
Lucas Pipes
$27 → $26MaintainsBuyGet Alert
02/13/2023Buy Now42.49%Citigroup
Alexander Hacking
$16 → $22MaintainsNeutralGet Alert
01/18/2023Buy Now48.96%Goldman Sachs
Emily Chieng
$18 → $23MaintainsBuyGet Alert
01/12/2023Buy Now68.39%Morgan Stanley
Carlos De Alba
$13.6 → $26UpgradeEqual-Weight → OverweightGet Alert
01/04/2023Buy Now23.06%B of A Securities
Lawson Winder
→ $19Reinstates → NeutralGet Alert
12/23/2022Buy Now74.87%B. Riley Securities
Lucas Pipes
$26 → $27MaintainsBuyGet Alert
12/16/2022Buy Now10.1%UBS
Andreas Bokkenheuser
→ $17Initiates → NeutralGet Alert
11/02/2022Buy Now-22.28%Wolfe Research
Timna Tanners
→ $12DowngradePeer Perform → UnderperformGet Alert
10/26/2022Buy Now-11.92%Morgan Stanley
Carlos De Alba
$14.5 → $13.6MaintainsEqual-WeightGet Alert
10/06/2022Buy Now23.06%Goldman Sachs
Emily Chieng
$23 → $19MaintainsBuyGet Alert
09/28/2022Buy Now48.96%Argus Research
David Coleman
$33 → $23MaintainsBuyGet Alert
09/27/2022Buy Now107.25%B. Riley Securities
Lucas Pipes
$37 → $32MaintainsBuyGet Alert
09/21/2022Buy Now61.92%Credit Suisse
Curt Woodworth
$30 → $25MaintainsOutperformGet Alert
07/27/2022Buy Now-12.95%GLJ Research
Gordon Johnson
→ $13.44DowngradeBuy → SellGet Alert
07/26/2022Buy Now139.64%B. Riley Securities
Lucas Pipes
$39 → $37MaintainsBuyGet Alert
07/26/2022Buy Now13.34%Citigroup
Alexander Hacking
$20 → $17.5MaintainsNeutralGet Alert
07/25/2022Buy Now-6.09%Morgan Stanley
Carlos De Alba
$16 → $14.5MaintainsEqual-WeightGet Alert
07/21/2022Buy Now94.3%Credit Suisse
Curt Woodworth
$37 → $30MaintainsOutperformGet Alert
07/06/2022Buy Now152.59%B. Riley Securities
Lucas Pipes
$47 → $39MaintainsBuyGet Alert
07/06/2022Buy Now3.63%Morgan Stanley
Carlos De Alba
$24 → $16MaintainsEqual-WeightGet Alert
06/14/2022Buy Now139.64%JP Morgan
Michael Glick
$43 → $37MaintainsOverweightGet Alert
05/31/2022Buy Now74.87%Goldman Sachs
Emily Chieng
$36 → $27MaintainsBuyGet Alert
05/11/2022Buy Now55.44%Morgan Stanley
Carlos De Alba
$23.5 → $24MaintainsEqual-WeightGet Alert
04/25/2022Buy Now204.4%B. Riley Securities
Lucas Pipes
$46 → $47MaintainsBuyGet Alert
03/28/2022Buy Now197.93%B. Riley Securities
Lucas Pipes
$37 → $46MaintainsBuyGet Alert
03/24/2022Buy Now184.97%JP Morgan
Michael Glick
$37 → $44MaintainsOverweightGet Alert
03/22/2022Buy Now100.78%Goldman Sachs
Emily Chieng
$27 → $31MaintainsBuyGet Alert
01/11/2022Buy Now48.96%Wolfe Research
Timna Tanners
→ $23DowngradeOutperform → Peer PerformGet Alert
11/29/2021Buy Now52.2%Morgan Stanley
Carlos De Alba
MaintainsEqual-WeightGet Alert
11/17/2021Buy Now94.3%Wolfe Research
Timna Tanners
Initiates → OutperformGet Alert
10/26/2021Buy Now45.73%Morgan Stanley
Carlos De Alba
MaintainsEqual-WeightGet Alert
10/06/2021Buy Now55.44%Goldman Sachs
Emily Chieng
UpgradeNeutral → BuyGet Alert
08/11/2021Buy Now68.39%Morgan Stanley
Carlos De Alba
Initiates → Equal-WeightGet Alert

FAQ

Q

What is the target price for Cleveland-Cliffs (CLF) stock?

A

The latest price target for Cleveland-Cliffs (NYSE:CLF) was reported by B of A Securities on June 26, 2024. The analyst firm set a price target for $18.00 expecting CLF to rise to within 12 months (a possible 16.58% upside). 23 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Cleveland-Cliffs (CLF)?

A

The latest analyst rating for Cleveland-Cliffs (NYSE:CLF) was provided by B of A Securities, and Cleveland-Cliffs maintained their neutral rating.

Q

When was the last upgrade for Cleveland-Cliffs (CLF)?

A

The last upgrade for Cleveland-Cliffs Inc happened on March 28, 2024 when GLJ Research raised their price target to $27.2. GLJ Research previously had a sell for Cleveland-Cliffs Inc.

Q

When was the last downgrade for Cleveland-Cliffs (CLF)?

A

The last downgrade for Cleveland-Cliffs Inc happened on June 11, 2024 when JP Morgan changed their price target from $23 to $17 for Cleveland-Cliffs Inc.

Q

When is the next analyst rating going to be posted or updated for Cleveland-Cliffs (CLF)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cleveland-Cliffs, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cleveland-Cliffs was filed on June 26, 2024 so you should expect the next rating to be made available sometime around June 26, 2025.

Q

Is the Analyst Rating Cleveland-Cliffs (CLF) correct?

A

While ratings are subjective and will change, the latest Cleveland-Cliffs (CLF) rating was a maintained with a price target of $20.00 to $18.00. The current price Cleveland-Cliffs (CLF) is trading at is $15.44, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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