WS trades 32.5% below Wall Street's consensus target of $46.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes WS achieves its forward estimates and maintains a stable P/E multiple of 16.1x. This scenario reflects the blended consensus of 1 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Worthington Steel, Inc. (WS) has a Wall Street consensus price target of $46.00, based on estimates from 1 covering analysts. With the stock currently trading at $34.71, this represents a potential upside of +32.5%. The company has a market capitalization of $1.76B.
Analyst price targets range from a low of $46.00 to a high of $46.00, representing a 0% spread in expectations. The median target of $46.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 1 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, WS trades at a trailing P/E of 99.2x and forward P/E of 16.1x. Analysts expect EPS to grow +540.4% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $45.99, with bear and bull scenarios of $28.98 and $60.60 respectively. Model confidence stands at 35/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 STLDSteel Dynamics, Inc. | $33.8B | $234.29 | $271.17 | +15.7% | Buy | 13.4x | 27 |
 NUENucor Corporation | $56.2B | $246.98 | $265.38 | +7.4% | Buy | 12.9x | 32 |
 RSReliance Steel & Aluminum Co. | $19.6B | $384.63 | $382.50 | -0.6% | Hold | 16.4x | 27 |
 CMCCommercial Metals Company | $7.2B | $64.66 | $82.00 | +26.8% | Hold | 10.1x | 27 |
 CLFCleveland-Cliffs Inc. | $7.3B | $12.87 | $11.66 | -9.4% | Hold | — | 44 |
 ZEUSOlympic Steel, Inc. | $533M | $47.86 | $41.00 | -14.3% | Buy | 20.7x | 6 |
 MTUSMetallus Inc. | $779M | $18.72 | — | — | Hold | 21.8x | 5 |
 SXCSunCoke Energy, Inc. | $844M | $9.95 | $9.00 | -9.5% | Buy | 28.8x | 17 |
 CATCaterpillar Inc. | $374.0B | $812.02 | $985.58 | +21.4% | Buy | 29.8x | 56 |
 DEDeere & Company | $191.5B | $709.48 | $731.20 | +3.1% | Buy | 39.2x | 46 |
Quick answers to the most common questions about buying WS stock.
The consensus Wall Street price target for WS is $46, representing 32.5% upside from the current price of $34.71. With 1 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
WS has a consensus rating of "Buy" based on 1 Wall Street analysts. The rating breakdown is predominantly bullish, with 1 Buy/Strong Buy ratings. The consensus 12-month price target of $46 implies 32.5% upside from current levels.
With a forward P/E of 16.0694x, WS trades at a relatively low valuation. The consensus target of $46 implies 32.5% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $46 for WS, while the most conservative target is $46. The consensus of $46 represents the median expectation. Our quantitative valuation model projects a bull case target of $61 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
WS is lightly followed, with 1 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month WS stock forecast based on 1 Wall Street analysts shows a consensus price target of $46, with estimates ranging from $46 (bear case) to $46 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $46, with bear/bull scenarios of $29/$61.
Our quantitative valuation model calculates WS's fair value at $46 (base case), with a bear case of $29 and bull case of $61. 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 35/100.
WS trades at a forward P/E ratio of 16.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 99.2x. 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.
Wall Street analysts are very optimistic on WS, with a "Buy" consensus rating and $46 price target (32.5% upside). 1 of 1 analysts rate it Buy or Strong Buy. 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.
WS analyst price targets range from $46 to $46, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $46 consensus represents the middle ground. Our model's $29-$61 range provides an independent fundamental perspective.
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