What is STLD stock price target for 2026?

WallStSmart's 12-month price target for Steel Dynamics Inc is $170.30, representing 24.1% downside from the current price of $224.37.

What is STLD stock forecast?

Steel Dynamics Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is STLD undervalued based on price targets?

Our DCF intrinsic value for Steel Dynamics Inc is $340.13, against a current price of $224.37. The margin of safety is 39.50%.

STLD

Steel Dynamics Inc

NASDAQ: STLD · BASIC MATERIALS · STEEL

$224.37

-1.14% today

Updated 2026-04-29

Market cap

$32.36B

P/E ratio

24.05

P/S ratio

1.70x

EPS (TTM)

$9.33

Dividend yield

0.89%

52W range

$119 – $229

Volume

1.2M

Market cap

$32.36B

P/E ratio

24.05

P/S ratio

1.70x

EPS (TTM)

$9.33

Dividend yield

0.89%

52W range

$119 – $229

Volume

1.2M

Steel Dynamics Inc (STLD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$224.37

Consensus

$182.11

-18.83%

2030 Target

$2,378.64

+960.14%

DCF

$340.13

+39.50% MoS

Current price

$224.37

Analyst consensus

$182.11

-18.83%

2030 Target

$2,378.64

+960.14%

Intrinsic (DCF)

$340.13

+39.50% MoS

9 analysts:

4 Buy3 Hold0 Sell

Management guidance

Steel Dynamics management has not provided explicit multi-year revenue targets through 2030 in available guidance. However, Q4 2025 earnings showed record steel shipments and strong operational performance, with management reinforcing a positive outlook for 2026. CEO Mark Millett indicated ongoing expansion initiatives, including the $11B BlueScope Steel acquisition bid, which would materially expand capacity and revenue generation.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$3,982.42

$28.8B Rev × 20x P/S

Base case (2030)

$2,378.64

$28.8B Rev × 12x P/S

Bear case (2030)

$1,585.76

$28.8B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$18.8B	$17.5B	$18.2B	$21.3B	$23.1B	$25.4B	$27.2B	$28.8B
Revenue growth	—	-6.7%	3.6%	17.4%	8.3%	10.0%	7.1%	5.9%
EPS	$14.90	$9.80	$8.02	$14.06	$15.92	$17.85	$19.20	$20.50
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$1,765.96	$1,910.12	$2,108.34	$2,252.50	$2,378.64

Catalysts & risks

Growth catalysts

+ BlueScope Steel acquisition completion ($11B deal) - adds ~$5-6B incremental revenue from Australian/US operations

+ Domestic manufacturing onshoring trend and infrastructure investments driving steel demand

+ Aluminum strategic diversification reducing cyclicality and expanding addressable market

+ Capital expenditure program for low-carbon steelmaking capacity expansion

+ Strong cash generation enabling dividend increases (6% recent increase) and M&A optionality

Key risks

- Cyclical steel industry exposure to macroeconomic slowdown and construction/manufacturing demand weakness

- Tariff policy uncertainty under Trump administration (recent headlines show potential tariff reductions pressuring stock)

- Competitive capacity expansion in North America offsetting pricing power

- BlueScope acquisition integration execution risk and elevated debt levels post-acquisition

- Raw material cost volatility (iron ore, scrap, energy) compressing margins

Methodology

Steel Dynamics Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 9 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.