Market Overview: Stocks faced pressure with significant declines in Big Tech shares, leading to a drop in S&P 500 and Nasdaq futures. Analysts discussed strategies for navigating the market through 2025, highlighting specific stocks to consider.
Disney's Performance: Concerns arose regarding Disney's theme parks after Wells Fargo lowered its price target following disappointing earnings, although some analysts believe the stock's decline is exaggerated due to its undervalued direct-to-consumer segment.
Stock Ratings Changes: Home Depot was downgraded by Stifel due to stagnation in its home improvement business, while Cleveland-Cliffs received a hold rating upgrade from Wells Fargo amid rising steel prices.
Positive Outlooks for Tech Stocks: CrowdStrike and Microsoft received significant price target increases from analysts, with Microsoft being recognized for its leadership in AI. Nvidia's price target was also raised, reflecting strong anticipated results despite competition.
Wall Street analysts forecast CLF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLF is 12.78 USD with a low forecast of 5.75 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast CLF stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLF is 12.78 USD with a low forecast of 5.75 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
5 Hold
2 Sell
Hold
Current: 14.340
Low
5.75
Averages
12.78
High
17.00
Current: 14.340
Low
5.75
Averages
12.78
High
17.00
Seaport Research
Martin Englert
Buy
to
Neutral
downgrade
2026-01-23
New
Reason
Seaport Research
Martin Englert
Price Target
AI Analysis
2026-01-23
New
downgrade
Buy
to
Neutral
Reason
Seaport Research analyst Martin Englert downgraded Cleveland-Cliffs to Neutral from Buy.
Morgan Stanley
Morgan Stanley
Equal Weight -> Overweight
upgrade
$17
2026-01-09
Reason
Morgan Stanley
Morgan Stanley
Price Target
$17
2026-01-09
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded Cleveland-Cliffs to Overweight from Equal Weight with a price target of $17, up from $12.80. The firm adjusted ratings in North America steel as part of its 2026 outlook. It expects steel prices to remain elevated as 50% steel tariffs "remain firm." Morgan Stanley sees domestic mills continuing to take market share from imports on capacity increases despite a relatively muted demand outlook. It sees a "potentially transformational opportunity" for Cleveland-Cliffs.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for CLF
Unlock Now
KeyBanc
Overweight -> Sector Weight
downgrade
2026-01-07
Reason
KeyBanc
Price Target
2026-01-07
downgrade
Overweight -> Sector Weight
Reason
KeyBanc downgraded Cleveland-Cliffs to Sector Weight from Overweight without a price target as part of a 2026 outlook for the carbon sector. The firm cites valuation and the company's modestly higher costs for the downgrade. Cleveland-Cliffs's positive catalysts around auto contract market share wins, strengthened liquidity, and non-core asset sales are playing out, while its costs are coming in a bit higher versus expectations given a richer product mix, the analyst tells investors in a research note.
BofA
Lawson Winder
Neutral
downgrade
$14
2025-11-24
Reason
BofA
Lawson Winder
Price Target
$14
2025-11-24
downgrade
Neutral
Reason
BofA analyst Lawson Winder lowered the firm's price target on Cleveland-Cliffs to $12.50 from $14 and keeps a Neutral rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China's slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
About CLF
Cleveland-Cliffs Inc. is a steel producer with a focus on value-added sheet products, particularly for the automotive industry in North America. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Its offering includes advanced high-strength steel, hot-dipped galvanized, aluminized, galvalume, electrogalvanized, galvanneal, hot-rolled coil (HRC), cold-rolled coil, plate, grain oriented electrical steel (GOES), non-oriented electrical steel (NOES), stainless steels, tool and die, stamped components, rail, slab and cast ingot. Its Other Businesses primarily include the Tubular and Tooling and Stamping segments that provide customer solutions with carbon and stainless steel tubing products, advanced-engineered solutions, tool design and build, hot- and cold-stamped steel components and complex assemblies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
