Steel Dynamics, Inc. (STLD) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$237.46
Price Target
$188.40
Target Range
$165.00 — $207.00
Analyst Rating
Buy
Forward P/E15.9x
Trailing P/E29.7x
Forward PEG0.63
Implied Growth+57.2%
Median Target$190.00
Analyst Spread22.3%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$165
-30.5%
Consensus
$188
-20.7%
Bull Case
$207
-12.8%
Valuation Model TargetsConfidence: 53/100
Bear$198
Base$389
Bull$1217
STLD Price Target Analysis
Updated May 6, 2026As of May 6, 2026, Steel Dynamics, Inc. (STLD) has a Wall Street consensus price target of $188.40, based on estimates from 27 covering analysts. With the stock currently trading at $237.46, this represents a potential downside of -20.7%. The company has a market capitalization of $34.40B.
Analyst price targets range from a low of $165.00 to a high of $207.00, representing a 22% spread in expectations. The median target of $190.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 15 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, STLD trades at a trailing P/E of 29.7x and forward P/E of 15.9x. The forward PEG ratio of 0.63 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +57.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $389.47, with bear and bull scenarios of $197.62 and $1217.20 respectively. Model confidence stands at 53/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+6.7%
Avg Forward P/E21.7x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 NUENucor Corporation | $52.9B | $232.07 | $222.83 | -4.0% | Buy | 16.5x | 32 |
 RSReliance Steel & Aluminum Co. | $19.0B | $372.04 | $362.00 | -2.7% | Hold | 19.1x | 27 |
 CMCCommercial Metals Company | $7.7B | $69.79 | $82.75 | +18.6% | Buy | 10.7x | 26 |
 CLFCleveland-Cliffs Inc. | $6.1B | $10.65 | $11.11 | +4.3% | Hold | — | 43 |
 WORWorthington Industries, Inc. | $2.7B | $54.64 | $67.00 | +22.6% | Buy | 15.9x | 15 |
 ZEUSOlympic Steel, Inc. | $533M | $47.86 | $41.00 | -14.3% | Buy | 20.7x | 6 |
 MTUSMetallus Inc. | $805M | $19.28 | — | — | Hold | 21.1x | 5 |
 SXCSunCoke Energy, Inc. | $602M | $7.10 | $9.00 | +26.8% | Buy | 19.5x | 17 |
 CATCaterpillar Inc. | $420.9B | $904.59 | $824.80 | -8.8% | Buy | 39.2x | 53 |
 DEDeere & Company | $156.1B | $575.79 | $680.54 | +18.2% | Hold | 32.3x | 46 |
Upside Potential Comparison
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Start ComparisonSTLD — Frequently Asked Questions
Quick answers to the most common questions about buying STLD stock.
What is the STLD stock price target for 2026?
STLD's consensus price target is $188.4, -20.7% below the current price of $237.46. The 27 analysts tracking STLD see downside risk at present valuations.
Is STLD a buy, sell, or hold?
STLD has a consensus rating of "Buy" based on 27 Wall Street analysts. The rating breakdown is predominantly bullish, with 15 Buy/Strong Buy ratings. The consensus 12-month price target of $188.4 implies -20.7% downside from current levels.
Is STLD stock overvalued or undervalued?
With a forward P/E of 15.9463x, STLD trades at a relatively low valuation. The consensus target of $188.4 implies -20.7% move, suggesting the market may be pricing in risks.
How high can STLD stock go?
The most bullish Wall Street analyst has a price target of $207 for STLD, while the most conservative target is $165. The consensus of $188.4 represents the median expectation. Our quantitative valuation model projects a bull case target of $1217 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover STLD stock?
STLD is heavily covered by Wall Street, with 27 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 15 have Buy ratings, 11 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the STLD stock forecast?
The 12-month STLD stock forecast based on 27 Wall Street analysts shows a consensus price target of $188.4, with estimates ranging from $165 (bear case) to $207 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $389, with bear/bull scenarios of $198/$1217.
What is STLD's fair value based on fundamentals?
Our quantitative valuation model calculates STLD's fair value at $389 (base case), with a bear case of $198 and bull case of $1217. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 53/100.
What is STLD's forward P/E ratio?
STLD trades at a forward P/E ratio of 15.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 29.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy STLD stock?
Analysts are cautious on STLD, with 1 Sell ratings and a price target of $188.4 (-20.7% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do STLD price targets vary so much?
STLD analyst price targets range from $165 to $207, a 22% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $188.4 consensus represents the middle ground. Our model's $198-$1217 range provides an independent fundamental perspective.