On July 22, 2025, renowned analyst Philip Gibbs from Keybanc upgraded Cleveland-Cliffs (CLF, Financial) from a "Sector Weight" to an "Overweight" rating. This upgrade signifies an elevated confidence in the company's potential performance in the stock market.
Accompanying this upgrade, Keybanc has announced a new price target for Cleveland-Cliffs (CLF, Financial), setting it at USD 14.00. Previously, no specific price target was established by this analyst, making this announcement a noteworthy development for current and potential investors.
The upgrade and the new price target for Cleveland-Cliffs (CLF, Financial) come amidst various market conditions and are indicative of expected positive outcomes for the company's future market position. Investors may find this new rating and price target encouraging as it reflects a more bullish stance on the stock's performance.
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 $9.92 with a high estimate of $14.00 and a low estimate of $3.91. The average target implies an downside of 6.97% 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.
