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Cleveland-Cliffs Inc has a consensus price target of $12.96 based on the ratings of 19 analysts. The high is $25 issued by Credit Suisse on July 26, 2023. The low is $3.91 issued by GLJ Research on May 28, 2025. The 3 most-recent analyst ratings were released by Barclays, Morgan Stanley, and JP Morgan on May 22, 2026, April 21, 2026, and April 14, 2026, respectively. With an average price target of $10.33 between Barclays, Morgan Stanley, and JP Morgan, there's an implied -7.41% downside for Cleveland-Cliffs Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cleveland-Cliffs (NYSE:CLF) was reported by Barclays on May 22, 2026. The analyst firm set a price target for $9.00 expecting CLF to fall to within 12 months (a possible -19.35% downside). 32 analyst firms have reported ratings in the last year.
The latest analyst rating for Cleveland-Cliffs (NYSE:CLF) was provided by Barclays, and Cleveland-Cliffs initiated their underweight rating.
The last upgrade for Cleveland-Cliffs Inc happened on January 9, 2026 when Morgan Stanley raised their price target to $17. Morgan Stanley previously had an equal-weight for Cleveland-Cliffs Inc.
The last downgrade for Cleveland-Cliffs Inc happened on January 23, 2026 when Seaport Global changed their price target from N/A to N/A for Cleveland-Cliffs Inc.
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 May 22, 2026 so you should expect the next rating to be made available sometime around May 22, 2027.
While ratings are subjective and will change, the latest Cleveland-Cliffs (CLF) rating was a initiated with a price target of $0.00 to $9.00. The current price Cleveland-Cliffs (CLF) is trading at is $11.16, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.
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| Buy Now | Get Alert | ||||||
|---|---|---|---|---|---|---|---|
| 05/22/2026 | Buy Now | -19.35% | Barclays | → $9 | Initiates | → Underweight | Get Alert |
| 04/21/2026 | Buy Now | 7.53% | Morgan Stanley | $16.8 → $12 | Maintains | Overweight | Get Alert |
| 04/14/2026 | Buy Now | -10.39% | JP Morgan | $13 → $10 | Maintains | Neutral | Get Alert |
| 03/19/2026 | Buy Now | -19.35% | Wells Fargo | $12 → $9 | Maintains | Equal-Weight | Get Alert |
| 03/16/2026 | Buy Now | -15.59% | GLJ Research | $9.42 → $9.42 | Reiterates | Sell → Sell | Get Alert |
| 02/10/2026 | Buy Now | 16.49% | Citigroup | $11 → $13 | Maintains | Neutral | Get Alert |
| 02/10/2026 | Buy Now | -15.59% | GLJ Research | $9.52 → $9.42 | Maintains | Sell | Get Alert |
| 01/23/2026 | Buy Now | — | Seaport Global | — | Downgrade | Buy → Neutral | Get Alert |
| 01/13/2026 | Buy Now | -14.7% | GLJ Research | $5.75 → $9.52 | Maintains | Sell | Get Alert |
| 01/09/2026 | Buy Now | 52.33% | Morgan Stanley | $12.8 → $17 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 01/07/2026 | Buy Now | — | Keybanc | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 11/14/2025 | Buy Now | 7.53% | Wells Fargo | $11 → $12 | Upgrade | Underweight → Equal-Weight | Get Alert |
| 11/11/2025 | Buy Now | -1.43% | Citigroup | $12 → $11 | Maintains | Neutral | Get Alert |
| 11/10/2025 | Buy Now | 16.49% | Keybanc | $15 → $13 | Maintains | Overweight | Get Alert |
| 10/31/2025 | Buy Now | 43.37% | Goldman Sachs | $14.5 → $16 | Maintains | Buy | Get Alert |
| 10/27/2025 | Buy Now | 34.41% | Keybanc | $14 → $15 | Maintains | Overweight | Get Alert |
| 10/21/2025 | Buy Now | -48.48% | GLJ Research | $5.75 → $5.75 | Reiterates | Sell → Sell | Get Alert |
| 10/21/2025 | Buy Now | 29.93% | B of A Securities | $12.5 → $14.5 | Maintains | Neutral | Get Alert |
| 10/21/2025 | Buy Now | -1.43% | Wells Fargo | → $11 | Downgrade | Equal-Weight → Underweight | Get Alert |
| 10/13/2025 | Buy Now | 16.49% | JP Morgan | $10 → $13 | Maintains | Neutral | Get Alert |
| 10/09/2025 | Buy Now | 29.93% | Goldman Sachs | $12.85 → $14.5 | Maintains | Buy | Get Alert |
| 09/15/2025 | Buy Now | 12.01% | B of A Securities | $9.5 → $12.5 | Maintains | Neutral | Get Alert |
| 09/15/2025 | Buy Now | -1.43% | Wells Fargo | $10 → $11 | Maintains | Equal-Weight | Get Alert |
| 08/14/2025 | Buy Now | -10.39% | Wells Fargo | → $10 | Initiates | → Equal-Weight | Get Alert |
| 07/24/2025 | Buy Now | -10.39% | JP Morgan | $7.5 → $10 | Maintains | Neutral | Get Alert |
| 07/22/2025 | Buy Now | -5.91% | Morgan Stanley | $8 → $10.5 | Maintains | Equal-Weight | Get Alert |
| 07/22/2025 | Buy Now | 25.45% | Keybanc | → $14 | Upgrade | Sector Weight → Overweight | Get Alert |
| 07/21/2025 | Buy Now | -1.43% | Citigroup | $7.5 → $11 | Maintains | Neutral | Get Alert |
| 07/14/2025 | Buy Now | -32.8% | JP Morgan | → $7.5 | Reinstates | → Neutral | Get Alert |
| 06/20/2025 | Buy Now | -28.32% | Morgan Stanley | $7.5 → $8 | Maintains | Equal-Weight | Get Alert |
| 05/29/2025 | Buy Now | -46.24% | Jefferies | $10 → $6 | Downgrade | Buy → Hold | Get Alert |
| 05/28/2025 | Buy Now | -64.96% | GLJ Research | $3.91 → $3.91 | Downgrade | Buy → Sell | Get Alert |
| 05/12/2025 | Buy Now | 0.81% | Goldman Sachs | $13 → $11.25 | Maintains | Buy | Get Alert |
| 04/23/2025 | Buy Now | 52.33% | B. Riley Securities | $20 → $17 | Reiterates | Buy → Buy | Get Alert |
| 04/14/2025 | Buy Now | -32.8% | Morgan Stanley | $11 → $7.5 | Maintains | Equal-Weight | Get Alert |
| 03/12/2025 | Buy Now | -1.43% | Seaport Global | $13.5 → $11 | Maintains | Buy | Get Alert |
| 03/04/2025 | Buy Now | 34.41% | Goldman Sachs | $17 → $15 | Maintains | Buy | Get Alert |
| 02/27/2025 | Buy Now | 15.59% | GLJ Research | $14.54 → $12.9 | Maintains | Buy | Get Alert |
| 02/03/2025 | Buy Now | -1.43% | Morgan Stanley | $13 → $11 | Maintains | Equal-Weight | Get Alert |
| 01/07/2025 | Buy Now | 27.87% | GLJ Research | → $14.27 | Upgrade | Sell → Buy | Get Alert |
| 01/05/2025 | Buy Now | 7.53% | Jefferies | $18 → $12 | Maintains | Buy | Get Alert |
| 12/19/2024 | Buy Now | -1.43% | Citigroup | $12.5 → $11 | Maintains | Neutral | Get Alert |
| 12/02/2024 | Buy Now | 43.37% | Goldman Sachs | → $16 | Initiates | → Buy | Get Alert |
| 09/18/2024 | Buy Now | 20.97% | Morgan Stanley | $15 → $13.5 | Maintains | Equal-Weight | Get Alert |
| 09/17/2024 | Buy Now | 34.41% | Morgan Stanley | $15 → $15 | Maintains | Equal-Weight | Get Alert |
| 09/10/2024 | Buy Now | 12.01% | Citigroup | $18 → $12.5 | Maintains | Neutral | Get Alert |
| 08/27/2024 | Buy Now | 47.85% | Seaport Global | → $16.5 | Upgrade | Neutral → Buy | Get Alert |
| 08/15/2024 | Buy Now | 34.41% | Morgan Stanley | $17.5 → $15 | Maintains | Equal-Weight | Get Alert |
| 06/26/2024 | Buy Now | 61.29% | B of A Securities | $20 → $18 | Maintains | Neutral | Get Alert |
| 06/25/2024 | Buy Now | 106.09% | B. Riley Securities | $23 → $23 | Maintains | Buy | Get Alert |
| 06/14/2024 | Buy Now | -9.23% | GLJ Research | $10.13 → $10.13 | Reiterates | Sell → Sell | Get Alert |
| 06/11/2024 | Buy Now | — | Seaport Global | — | Initiates | → Neutral | Get Alert |
| 06/11/2024 | Buy Now | 52.33% | JP Morgan | $23 → $17 | Downgrade | Overweight → Neutral | Get Alert |
| 06/06/2024 | Buy Now | -9.23% | GLJ Research | → $10.13 | Downgrade | Buy → Sell | Get Alert |
| 05/20/2024 | Buy Now | 97.13% | Jefferies | → $22 | Initiates | → Buy | Get Alert |
| 04/30/2024 | Buy Now | 70.25% | Morgan Stanley | $20 → $19 | Maintains | Equal-Weight | Get Alert |
| 04/30/2024 | Buy Now | 115.05% | B. Riley Securities | $25 → $24 | Maintains | Buy | Get Alert |
| 04/24/2024 | Buy Now | 106.09% | JP Morgan | $24 → $23 | Maintains | Overweight | Get Alert |
| 04/09/2024 | Buy Now | — | Wolfe Research | — | Downgrade | Peer Perform → Underperform | Get Alert |
| 03/28/2024 | Buy Now | 143.73% | GLJ Research | → $27.2 | Upgrade | Sell → Buy | Get Alert |
| 03/26/2024 | Buy Now | 79.21% | Morgan Stanley | $20 → $20 | Maintains | Equal-Weight | Get Alert |
| 03/13/2024 | Buy Now | 97.13% | Citigroup | → $22 | Downgrade | Buy → Neutral | Get Alert |
| 02/28/2024 | Buy Now | 47.85% | Exane BNP Paribas | → $16.5 | Downgrade | Neutral → Underperform | Get Alert |
| 02/15/2024 | Buy Now | 79.21% | Morgan Stanley | $21.5 → $20 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 02/08/2024 | Buy Now | — | Argus Research | — | Downgrade | Buy → Hold | Get Alert |
| 12/05/2023 | Buy Now | 2.6% | GLJ Research | $13.44 → $11.45 | Maintains | Sell | Get Alert |
| 10/31/2023 | Buy Now | 92.65% | Morgan Stanley | $19 → $21.5 | Maintains | Overweight | Get Alert |
| 09/27/2023 | Buy Now | 124.01% | B. Riley Securities | $26 → $25 | Maintains | Buy | Get Alert |
| 09/26/2023 | Buy Now | 97.13% | Citigroup | $22 → $22 | Upgrade | Neutral → Buy | Get Alert |
| 09/25/2023 | Buy Now | 97.13% | Citigroup | → $22 | Upgrade | Neutral → Buy | Get Alert |
| 08/01/2023 | Buy Now | 132.97% | B. Riley Securities | $27 → $26 | Maintains | Buy | Get Alert |
| 07/27/2023 | Buy Now | 70.25% | Morgan Stanley | $19 → $19 | Reiterates | Overweight → Overweight | Get Alert |
| 07/26/2023 | Buy Now | 124.01% | Credit Suisse | → $25 | Reiterates | Outperform → Outperform | Get Alert |
| 06/21/2023 | Buy Now | 70.25% | Morgan Stanley | → $19 | Reiterates | Overweight → Overweight | Get Alert |