In a recent update, Citigroup analyst Alexander Hacking has maintained a Neutral rating on Cleveland-Cliffs (CLF, Financial). The latest analyst action highlights a significant adjustment in the company's price target.
The price target for Cleveland-Cliffs (CLF, Financial) has been raised to USD 11.00 from a previous target of USD 7.50. This adjustment marks a 46.67% increase from the prior target, reflecting changes in the analyst's valuation model or market expectations.
Citigroup's analysis, led by Alexander Hacking, continues to evaluate Cleveland-Cliffs (CLF, Financial) with a Neutral stance on the stock. This indicates that the analyst sees limited potential for either significant upside or downside in the near term.
Investors may interpret the raised price target as a sign of improved sentiment towards Cleveland-Cliffs (CLF, Financial), though the maintained Neutral rating suggests a balanced outlook on the stock's performance.
The update was released on July 21, 2025, as Cleveland-Cliffs (CLF, Financial) continues to be scrutinized by the market and analysts alike.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Cleveland-Cliffs Inc (CLF, Financial) is $8.78 with a high estimate of $14.00 and a low estimate of $3.91. The average target implies an downside of 17.60% from the current price of $10.66. 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 2.9, 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 $14.74, suggesting a upside of 38.27% from the current price of $10.66. 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.
