JP Morgan Boosts Cleveland-Cliffs (CLF) Price Target to $10.00, Maintains Neutral Rating

JP Morgan has raised its price target for Cleveland-Cliffs (CLF) from $7.50 to $10.00, a 33.33% increase. The analyst maintains a "Neutral" rating, indicating a balanced view of the stock's performance. The average one-year target price from 11 analysts is $10.14, with a high estimate of $14.00 and a low estimate of $3.91. The average brokerage recommendation is 2.9, indicating a "Hold" status. The estimated GF Value for Cleveland-Cliffs in one year is $14.09, suggesting a 26.77% upside from the current price.

Cleveland-Cliffs Inc. (NYSE:CLF) has seen its price target raised by JPMorgan Chase & Co. from $7.50 to $10.00, representing a 33.33% increase [3]. The analyst maintains a "Neutral" rating, indicating a balanced view of the stock's performance. The average one-year target price from 11 analysts is $10.14, with a high estimate of $14.00 and a low estimate of $3.91. The average brokerage recommendation is 2.9, indicating a "Hold" status. The estimated GF Value for Cleveland-Cliffs in one year is $14.09, suggesting a 26.77% upside from the current price [1].

The move by JPMorgan comes on the heels of Cleveland-Cliffs' better-than-expected second-quarter earnings, which included a narrower adjusted loss of $0.50 per share compared to expectations, and revenue of $4.93 billion [4]. The company has been capitalizing on robust domestic demand and aggressive cost-cutting measures, which have bolstered its financial performance [4].

Cleveland-Cliffs has also benefited from strategic shifts and a supportive policy environment, including tweaks to Section 232 tariffs and a shift toward onshoring [2]. The company's asset-rich position and plans to sell non-core mines and processing plants could further enhance its balance sheet and validate the bullish outlook [2].

Despite the positive developments, Cleveland-Cliffs remains a volatile stock, with institutional investors and hedge funds owning 67.68% of the company's stock [1]. The company's debt-to-equity ratio of 1.28 and current ratio of 2.04 suggest a solid financial position, but the quick ratio of 0.64 indicates a liquidity concern [1].

In summary, the price target increase by JPMorgan reflects a more favorable risk-reward outlook for Cleveland-Cliffs, driven by better-than-expected earnings, cost-cutting measures, and strategic shifts. However, the stock's volatility and liquidity concerns should be carefully considered by investors.

References:
[1] https://www.marketbeat.com/instant-alerts/cleveland-cliffs-nyseclf-price-target-raised-to-1050-2025-07-22/
[2] https://www.tradingview.com/news/gurufocus:1ac22cfd9094b:0-cleveland-cliffs-extends-rally-after-keybanc-upgrade/
[3] https://finance.yahoo.com/news/cleveland-cliffs-clf-jumps-12-194224432.html
[4] https://finance.yahoo.com/news/cleveland-cliffs-rides-cost-cuts-175327050.html