The latest price target for Steel Dynamics (NASDAQ:STLD) was reported by Morgan Stanley on September 18, 2024. The analyst firm set a price target for $131.00 expecting STLD to rise to within 12 months (a possible 6.21% upside). 16 analyst firms have reported ratings in the last year.

The latest analyst rating for Steel Dynamics (NASDAQ:STLD) was provided by Morgan Stanley, and Steel Dynamics maintained their equal-weight rating.

The last upgrade for Steel Dynamics Inc happened on September 9, 2024 when JP Morgan raised their price target to $131. JP Morgan previously had an underweight for Steel Dynamics Inc.

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.

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 September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.

While ratings are subjective and will change, the latest Steel Dynamics (STLD) rating was a maintained with a price target of $138.00 to $131.00. The current price Steel Dynamics (STLD) is trading at is $123.34, which is out of the analyst’s predicted range.