Nucor

NUE · NYSE

$261.50+$0.77 (+0.30%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $260.73

NUE analyst rating

BuyConsensus of 14 analysts over the last 12 months. 64% rate it a buy.

Strong buy0
Buy9
Hold5
Underperform0
Sell0

12-month price target · 20 analysts

Average $279.39 (+6.8% upside)

Low: $194.93
Now: $261.50
High: $325.50

Upgrades and downgrades

The latest rating actions, newest first

NUE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 19, 2026	Maintains	Overweight	$295.00 → $306.00	57%
JP Morgan	Oct 9, 2026	Maintains	Overweight	$308.00 → $296.00	54%
Keybanc	Oct 5, 2026	Maintains	Overweight	$288.00 → $286.00	65%
Freedom Broker	Sep 18, 2026	Downgrade	Buy → Hold	$305.00 → $285.00	62%
Wells Fargo	Sep 18, 2026	Maintains	Overweight	$285.00 → $280.00	55%
JP Morgan	Sep 9, 2026	Maintains	Overweight	$294.00 → $308.00	58%
Wells Fargo	Aug 24, 2026	Maintains	Overweight	$297.00 → $285.00	55%
Wells Fargo	Jul 29, 2026	Maintains	Overweight	$283.00 → $297.00	55%
BMO Capital	Jul 29, 2026	Maintains	Outperform	$285.00 → $295.00	69%
Barclays	Jul 29, 2026	Maintains	Overweight	$272.00 → $295.00	57%

The case for and against

Updated Dec 7, 2024

Bull case

Nucor Corporation is poised for a robust financial performance, particularly in the upstream raw materials segment, with expected sequential increases in profitability from its direct reduced iron (DRI) facilities in the second quarter of 2024. The consensus estimate for third-quarter 2024 EBITDA remains strong at $1.33 billion, highlighting the overall positive outlook for the company's earnings potential. While there may be some sequential declines anticipated due to seasonal factors and price softness in the sheet market, lower scrap costs are likely to provide a mitigating effect on profitability.

Bear case

Nucor Corp is facing a downturn in profitability, with expectations for 3Q'24 EPS significantly lower than consensus estimates and a pronounced decline in EBITDA compared to previous quarters. The company has indicated that both the steel mills and downstream steel products segments are expected to experience decreased profitability due to lower average selling prices and volumes. Furthermore, the outlook reveals concerns over persistent pricing pressures, leading to a revision of near-term earnings estimates downward and an anticipated EBITDA of approximately $0.8 billion for the upcoming quarter.

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