Goldman Sachs analyst Mike Harris has made a notable adjustment to Cleveland-Cliffs' (CLF, Financial) stock outlook. As of May 12, 2025, the firm's analyst maintains a 'Buy' rating on the shares.
However, there is a shift in the price target. Goldman Sachs has lowered the price target for Cleveland-Cliffs (CLF, Financial) from $13.00 to $11.25. This indicates a decrease of approximately 13.46% from the previous target.
Despite the reduction in the price target, maintaining the 'Buy' rating suggests that Goldman Sachs continues to see potential value in Cleveland-Cliffs (CLF, Financial) stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Cleveland-Cliffs Inc (CLF, Financial) is $10.73 with a high estimate of $17.00 and a low estimate of $6.00. The average target implies an upside of 43.23% from the current price of $7.49. More detailed estimate data can be found on the Cleveland-Cliffs Inc (CLF) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Cleveland-Cliffs Inc's (CLF, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cleveland-Cliffs Inc (CLF, Financial) in one year is $15.30, suggesting a upside of 104.27% from the current price of $7.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cleveland-Cliffs Inc (CLF) Summary page.
