$138.00
3.84[2.86%]
At close: Apr 23
$138.00
0[0.00%]
After Hours: 7:51PM EDT
Steel Dynamics
(NASDAQ:STLD)Steel Dynamics Stock (NASDAQ:STLD), Analyst Ratings, Price Targets, Predictions
Steel Dynamics Inc has a consensus price target of $106.86, established from looking at the 47 latest analyst ratings. The last 3 analyst ratings were released from JP Morgan, BMO Capital, and Citigroup on April 16, 2024, March 18, 2024, and March 13, 2024. With an average price target of $132.67 between JP Morgan, BMO Capital, and Citigroup, there's an implied -3.86% downside for Steel Dynamics Inc from these 3 analyst ratings.
Analyst Firms Making Recommendations1
JP Morgan
BMO Capital
Citigroup
UBS
Morgan Stanley
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Steel Dynamics
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/16/2024 | STLD | Buy Now | Steel Dynamics | $138.00 | -14.49% | JP Morgan | Bill Peterson | $100 → $118 | Maintains | Underweight | Get Alert |
| 03/18/2024 | STLD | Buy Now | Steel Dynamics | $138.00 | -13.04% | BMO Capital | David Gagliano | $110 → $120 | Maintains | Market Perform | Get Alert |
| 03/13/2024 | STLD | Buy Now | Steel Dynamics | $138.00 | 15.94% | Citigroup | Alexander Hacking | $130 → $160 | Maintains | Buy | Get Alert |
| 01/24/2024 | STLD | Buy Now | Steel Dynamics | $138.00 | -13.77% | UBS | Andreas Bokkenheuser | $120 → $119 | Maintains | Neutral | Get Alert |
| 01/16/2024 | STLD | Buy Now | Steel Dynamics | $138.00 | -13.04% | UBS | Andreas Bokkenheuser | → $120 | Initiates | → Neutral | Get Alert |
| 12/12/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -28.99% | JP Morgan | Bill Peterson | $95 → $98 | Maintains | Underweight | Get Alert |
| 10/31/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -21.74% | Morgan Stanley | Carlos De Alba | $99 → $108 | Maintains | Equal-Weight | Get Alert |
| 09/26/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -5.8% | Citigroup | Alexander Hacking | $130 → $130 | Upgrade | Neutral → Buy | Get Alert |
| 09/25/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -5.8% | Citigroup | Alexander Hacking | → $130 | Upgrade | Neutral → Buy | Get Alert |
| 09/19/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -22.46% | BMO Capital | David Gagliano | $115 → $107 | Maintains | Market Perform | Get Alert |
| 09/08/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -31.16% | JP Morgan | Bill Peterson | $94 → $95 | Maintains | Underweight | Get Alert |
| 07/24/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -28.26% | Morgan Stanley | Carlos De Alba | $97 → $99 | Maintains | Equal-Weight | Get Alert |
| 07/21/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -31.88% | JP Morgan | Bill Peterson | $93 → $94 | Maintains | Underweight | Get Alert |
| 07/05/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -26.09% | Exane BNP Paribas | Tristan Gresser | → $102 | Downgrade | Outperform → Neutral | Get Alert |
| 06/21/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -29.71% | Morgan Stanley | Carlos De Alba | → $97 | Reiterates | → Equal-Weight | Get Alert |
| 05/23/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -40.58% | JP Morgan | Bill Peterson | → $82 | Initiates | → Underweight | Get Alert |
| 05/22/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -29.71% | Morgan Stanley | Carlos De Alba | $96 → $97 | Maintains | Equal-Weight | Get Alert |
| 04/21/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -16.67% | Credit Suisse | Curt Woodworth | $106 → $115 | Maintains | Outperform | Get Alert |
| 04/05/2023 | STLD | Buy Now | Steel Dynamics | $138.00 | -10.87% | B of A Securities | Lawson Winder | $140 → $123 | Downgrade | Buy → Neutral | Get Alert |
FAQ
What is the target price for Steel Dynamics (STLD)?
The latest price target for Steel Dynamics (NASDAQ: STLD) was reported by JP Morgan on April 16, 2024. The analyst firm set a price target for $118.00 expecting STLD to fall to within 12 months (a possible -14.49% downside). 17 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Steel Dynamics (STLD)?
The latest analyst rating for Steel Dynamics (NASDAQ: STLD) was provided by JP Morgan, and Steel Dynamics maintained their underweight rating.
When was the last upgrade for Steel Dynamics (STLD)?
The last upgrade for Steel Dynamics Inc happened on September 26, 2023 when Citigroup raised their price target to $130. Citigroup previously had a neutral for Steel Dynamics Inc.
When was the last downgrade for Steel Dynamics (STLD)?
The last downgrade for Steel Dynamics Inc happened on July 5, 2023 when Exane BNP Paribas changed their price target from N/A to $102 for Steel Dynamics Inc.
When is the next analyst rating going to be posted or updated for Steel Dynamics (STLD)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Steel Dynamics, 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 Steel Dynamics was filed on April 16, 2024 so you should expect the next rating to be made available sometime around April 16, 2025.
Is the Analyst Rating Steel Dynamics (STLD) correct?
While ratings are subjective and will change, the latest Steel Dynamics (STLD) rating was a maintained with a price target of $100.00 to $118.00. The current price Steel Dynamics (STLD) is trading at is $138.00, which is out of the analyst’s predicted range.
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