Nucor (NUE) Stock Forecast, Price Target & Predictions
NUE Stock Forecast
Nucor stock forecast is as follows: an average price target of $159.13 (represents a 10.82% upside from NUE’s last price of $143.59) and a rating consensus of 'Hold', based on 12 wall street analysts offering a 1-year stock forecast.
NUE Price Target
The average price target for Nucor (NUE) is $159.13 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $190.00 to $129.00. This represents a potential 10.82% upside from NUE's last price of $143.59.
NUE Analyst Ratings
According to 12 Wall Street analysts, Nucor's rating consensus is 'Hold'. The analyst rating breakdown for NUE stock is 0 'Strong Buy' (0.00%), 5 'Buy' (41.67%), 7 'Hold' (58.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Nucor Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Carlos De Alba | Morgan Stanley | $176.00 | $141.26 | 24.59% | 22.57% |
| Jun 17, 2024 | Katja Jancic | BMO Capital | $175.00 | $153.61 | 13.92% | 21.87% |
| Jun 14, 2024 | Christopher LaFemina | Jefferies | $170.00 | $154.44 | 10.07% | 18.39% |
| May 20, 2024 | Christopher LaFemina | Jefferies | $190.00 | $172.12 | 10.39% | 32.32% |
| Dec 06, 2022 | - | UBS | $145.00 | $151.01 | -3.98% | 0.98% |
| Sep 16, 2022 | - | Credit Suisse | $140.00 | $116.63 | 20.04% | -2.50% |
| Jul 25, 2022 | - | Morgan Stanley | $115.00 | $122.31 | -5.98% | -19.91% |
| Jul 06, 2022 | - | Morgan Stanley | $121.00 | $103.46 | 16.96% | -15.73% |
| May 04, 2022 | David Coleman | Argus Research | $190.00 | $149.39 | 27.18% | 32.32% |
| Apr 22, 2022 | - | Goldman Sachs | $148.00 | $168.66 | -12.25% | 3.07% |
The latest Nucor stock forecast, released on Aug 15, 2024 by Carlos De Alba from Morgan Stanley, set a price target of $176.00, which represents a 24.59% increase from the stock price at the time of the forecast ($141.26), and a 22.57% increase from NUE last price ($143.59).
Nucor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $175.50 | $177.75 |
| Last Closing Price | $143.59 | $143.59 | $143.59 |
| Upside/Downside | -100.00% | 22.22% | 23.79% |
In the current month, the average price target of Nucor stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nucor's last price of $143.59. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 15, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Jun 17, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 14, 2024 | Jefferies | Hold | Hold | Hold |
| Jun 11, 2024 | Susquehanna | Neutral | Neutral | Hold |
| Jun 11, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| May 20, 2024 | Jefferies | - | Hold | Initialise |
| Mar 13, 2024 | Citigroup | - | Buy | Upgrade |
| Jul 05, 2023 | Exane BNP Paribas | - | Outperform | Upgrade |
| Apr 21, 2023 | CFRA | - | Hold | Upgrade |
| Dec 06, 2022 | UBS | Neutral | Neutral | Hold |
Nucor's last stock rating was published by Morgan Stanley on Aug 15, 2024. The company Upgrade its NUE rating from "Equal-Weight" to "Overweight".
Nucor Financial Forecast
Nucor Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $7.70B | $8.78B | $9.52B | $8.71B | $8.72B | $10.50B | $11.79B | $10.49B | $10.36B | $10.31B | $8.79B | $7.02B | $5.26B | $4.93B | $4.33B |
| Avg Forecast | $8.22B | $8.64B | $8.62B | $8.17B | $7.59B | $7.84B | $7.80B | $7.51B | $7.05B | $7.36B | $7.69B | $8.26B | $7.64B | $8.37B | $9.62B | $9.03B | $8.43B | $10.25B | $11.60B | $10.46B | $10.45B | $10.15B | $8.26B | $7.20B | $5.40B | $4.54B | $4.50B |
| High Forecast | $8.46B | $8.89B | $8.86B | $8.40B | $7.81B | $8.06B | $8.02B | $7.72B | $7.25B | $7.56B | $7.91B | $8.49B | $7.79B | $8.75B | $9.90B | $9.39B | $8.76B | $10.65B | $11.60B | $11.04B | $11.03B | $10.71B | $8.72B | $7.60B | $5.70B | $4.80B | $4.75B |
| Low Forecast | $7.94B | $8.34B | $8.32B | $7.89B | $7.33B | $7.56B | $7.53B | $7.25B | $6.80B | $7.19B | $7.42B | $7.97B | $7.46B | $7.98B | $9.29B | $8.76B | $8.18B | $9.94B | $11.60B | $9.78B | $9.77B | $9.49B | $7.72B | $6.73B | $5.05B | $4.25B | $4.21B |
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.05% | 0.99% | 0.96% | 1.03% | 1.02% | 1.02% | 1.00% | 0.99% | 1.02% | 1.06% | 0.98% | 0.97% | 1.08% | 0.96% |
Nucor's average Quarter revenue forecast for Mar 24 based on 3 analysts is $8.26B, with a low forecast of $7.97B, and a high forecast of $8.49B. NUE's average Quarter revenue forecast represents a 7.18% increase compared to the company's last Quarter revenue of $7.70B (Dec 23).
Nucor EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.35B | $1.83B | $2.34B | $1.89B | $1.95B | $2.66B | $3.80B | $3.18B | $3.20B | $3.04B | $2.20B | $1.50B | $425.53M | $500.19M | $390.21M |
| Avg Forecast | $1.67B | $1.75B | $1.75B | $1.65B | $1.54B | $1.59B | $1.58B | $1.52B | $1.43B | $1.49B | $1.56B | $1.49B | $1.55B | $1.69B | $1.95B | $1.36B | $1.71B | $642.42M | $2.35B | $1.07B | $3.18B | $2.05B | $1.67B | $1.46B | $385.86M | $920.31M | $911.01M |
| High Forecast | $1.71B | $1.80B | $1.80B | $1.70B | $1.58B | $1.63B | $1.62B | $1.56B | $1.47B | $1.53B | $1.60B | $1.79B | $1.58B | $1.77B | $2.00B | $1.63B | $1.77B | $770.90M | $2.35B | $1.29B | $3.81B | $2.17B | $1.77B | $1.54B | $463.04M | $971.59M | $961.78M |
| Low Forecast | $1.61B | $1.69B | $1.68B | $1.60B | $1.48B | $1.53B | $1.52B | $1.47B | $1.38B | $1.46B | $1.50B | $1.19B | $1.51B | $1.62B | $1.88B | $1.09B | $1.66B | $513.93M | $2.35B | $858.29M | $2.54B | $1.92B | $1.56B | $1.36B | $308.69M | $860.74M | $852.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.08% | 1.20% | 1.39% | 1.14% | 4.13% | 1.62% | 2.96% | 1.01% | 1.48% | 1.32% | 1.03% | 1.10% | 0.54% | 0.43% |
3 analysts predict NUE's average Quarter EBITDA for Mar 24 to be $1.49B, with a high of $1.79B and a low of $1.19B. This is 10.57% upper than Nucor's previous annual EBITDA (Dec 23) of $1.35B.
Nucor Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $785.40M | $1.14B | $1.46B | $1.14B | $1.26B | $1.69B | $2.56B | $2.10B | $2.34B | $2.13B | $1.51B | $942.43M | $398.84M | $193.41M | $108.88M |
| Avg Forecast | $724.36M | $757.63M | $800.51M | $730.29M | $669.30M | $670.82M | $657.02M | $601.07M | $416.05M | $434.75M | $597.08M | $853.86M | $701.32M | $1.03B | $1.33B | $776.24M | $998.95M | $304.42M | $2.13B | $613.63M | $2.23B | $1.77B | $1.18B | $759.94M | $361.66M | $123.14M | $21.44M |
| High Forecast | $751.31M | $785.81M | $830.29M | $757.45M | $694.20M | $695.77M | $681.46M | $623.43M | $431.53M | $460.05M | $619.29M | $1.02B | $706.28M | $1.07B | $1.38B | $931.48M | $1.05B | $365.31M | $2.13B | $736.35M | $2.68B | $1.90B | $1.27B | $815.00M | $434.00M | $132.06M | $22.99M |
| Low Forecast | $691.66M | $723.43M | $764.37M | $697.31M | $639.08M | $640.53M | $627.36M | $573.93M | $397.27M | $395.64M | $570.12M | $683.09M | $698.84M | $1.01B | $1.27B | $620.99M | $959.89M | $243.54M | $2.13B | $490.90M | $1.79B | $1.62B | $1.08B | $696.00M | $289.33M | $112.78M | $19.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.11% | 1.10% | 1.46% | 1.26% | 5.57% | 1.21% | 3.42% | 1.05% | 1.20% | 1.27% | 1.24% | 1.10% | 1.57% | 5.08% |
Nucor's average Quarter net income forecast for Mar 24 is $853.86M, with a range of $683.09M to $1.02B. NUE's average Quarter net income forecast represents a 8.72% increase compared to the company's last Quarter net income of $785.40M (Dec 23).
Nucor SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $355.00M | $385.77M | $453.39M | $389.89M | $422.82M | $486.56M | $563.21M | $524.58M | $502.07M | $526.35M | $387.07M | $291.12M | $154.12M | $165.51M | $142.02M |
| Avg Forecast | $333.07M | $350.12M | $349.12M | $330.97M | $307.54M | $317.47M | $315.90M | $304.20M | $285.55M | $298.26M | $311.34M | $317.41M | $309.29M | $338.86M | $389.72M | $288.55M | $341.52M | $181.79M | $469.94M | $228.11M | $498.26M | $411.01M | $334.48M | $291.51M | $139.75M | $184.08M | $182.22M |
| High Forecast | $342.60M | $360.14M | $359.11M | $340.44M | $316.34M | $326.55M | $324.94M | $312.90M | $293.72M | $306.38M | $320.25M | $380.89M | $315.42M | $354.60M | $400.87M | $346.27M | $354.94M | $218.14M | $469.94M | $273.73M | $597.91M | $433.91M | $353.12M | $307.75M | $167.70M | $194.34M | $192.38M |
| Low Forecast | $321.50M | $337.96M | $337.00M | $319.47M | $296.86M | $306.44M | $304.93M | $293.63M | $275.64M | $291.36M | $300.52M | $253.93M | $302.33M | $323.06M | $376.19M | $230.84M | $331.25M | $145.43M | $469.94M | $182.48M | $398.61M | $384.41M | $312.83M | $272.64M | $111.80M | $172.17M | $170.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.14% | 1.16% | 1.35% | 1.24% | 2.68% | 1.20% | 2.30% | 1.01% | 1.28% | 1.16% | 1.00% | 1.10% | 0.90% | 0.78% |
Nucor's average Quarter SG&A projection for Mar 24 is $317.41M, based on 3 Wall Street analysts, with a range of $253.93M to $380.89M. The forecast indicates a -10.59% fall compared to NUE last annual SG&A of $355.00M (Dec 23).
Nucor EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 3 | 3 | 2 | 2 | 3 | 1 | 2 | 2 | 2 | 10 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.18 | $4.58 | $5.82 | $4.47 | $4.90 | $6.51 | $9.69 | $7.69 | $8.34 | $7.29 | $5.05 | $3.10 | $1.31 | $0.63 | $0.36 |
| Avg Forecast | $3.02 | $3.16 | $3.34 | $3.04 | $2.79 | $2.80 | $2.74 | $2.51 | $1.73 | $1.81 | $2.49 | $3.67 | $2.92 | $4.29 | $5.54 | $3.87 | $4.16 | $6.74 | $8.73 | $7.19 | $7.85 | $7.16 | $4.79 | $3.07 | $1.18 | $0.50 | $0.09 |
| High Forecast | $3.13 | $3.28 | $3.46 | $3.16 | $2.89 | $2.90 | $2.84 | $2.60 | $1.80 | $1.92 | $2.58 | $3.81 | $2.94 | $4.46 | $5.74 | $4.07 | $4.38 | $7.08 | $8.73 | $7.72 | $8.42 | $7.68 | $5.13 | $3.30 | $1.27 | $0.53 | $0.09 |
| Low Forecast | $2.88 | $3.02 | $3.19 | $2.91 | $2.66 | $2.67 | $2.61 | $2.39 | $1.66 | $1.65 | $2.38 | $3.50 | $2.91 | $4.20 | $5.29 | $3.72 | $4.00 | $6.47 | $8.73 | $6.59 | $7.19 | $6.56 | $4.39 | $2.81 | $1.08 | $0.46 | $0.08 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.07% | 1.05% | 1.16% | 1.18% | 0.97% | 1.11% | 1.07% | 1.06% | 1.02% | 1.05% | 1.01% | 1.11% | 1.26% | 4.15% |
According to 3 Wall Street analysts, Nucor's projected average Quarter EPS for Mar 24 is $3.67, with a low estimate of $3.50 and a high estimate of $3.81. This represents a 15.37% increase compared to NUE previous annual EPS of $3.18 (Dec 23).
Nucor Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| CLF | Cleveland-Cliffs | $11.91 | $19.85 | 66.67% | Buy |
| MT | ArcelorMittal | $22.73 | $36.87 | 62.21% | Buy |
| TX | Ternium | $33.35 | $50.00 | 49.93% | Buy |
| GGB | Gerdau | $3.37 | $5.00 | 48.37% | Buy |
| CMC | Commercial Metals Company | $51.19 | $58.33 | 13.95% | Buy |
| STLD | Steel Dynamics | $112.84 | $128.00 | 13.43% | Hold |
| PKX | POSCO | $69.00 | $77.00 | 11.59% | Hold |
| NUE | Nucor | $143.59 | $159.13 | 10.82% | Hold |
| X | United States Steel | $36.07 | $36.45 | 1.05% | Buy |
| RS | Reliance Steel & Aluminum | $277.90 | $230.00 | -17.24% | Buy |
NUE Forecast FAQ
Is Nucor a good buy?
No, according to 12 Wall Street analysts, Nucor (NUE) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 41.67% of NUE's total ratings.
What is NUE's price target?
Nucor (NUE) average price target is $159.13 with a range of $129 to $190, implying a 10.82% from its last price of $143.59. The data is based on 12 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nucor stock go up soon?
According to Wall Street analysts' prediction for NUE stock, the company can go up by 10.82% (from the last price of $143.59 to the average price target of $159.13), up by 32.32% based on the highest stock price target, and down by -10.16% based on the lowest stock price target.
Can Nucor stock reach $200?
NUE's average twelve months analyst stock price target of $159.13 does not support the claim that Nucor can reach $200 in the near future.
What are Nucor's analysts' financial forecasts?
Nucor's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $30.74B (high $31.62B, low $29.67B), average EBITDA is $6.22B (high $6.4B, low $6.01B), average net income is $2.6B (high $2.69B, low $2.48B), average SG&A $1.25B (high $1.28B, low $1.2B), and average EPS is $10.83 (high $11.23, low $10.34). NUE's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $33.65B (high $34.62B, low $32.49B), average EBITDA is $6.82B (high $7.01B, low $6.58B), average net income is $3.01B (high $3.12B, low $2.88B), average SG&A $1.36B (high $1.4B, low $1.32B), and average EPS is $12.56 (high $13.02, low $11.99).
Did the NUE's actual financial results beat the analysts' financial forecasts?
Based on Nucor's last annual report (Dec 2023), the company's revenue was $34.71B, beating the average analysts forecast of $34.66B by 0.17%. Apple's EBITDA was $7.4B, beating the average prediction of $6.55B by 13.03%. The company's net income was $4.52B, beating the average estimation of $3.83B by 18.01%. Apple's SG&A was $1.58B, beating the average forecast of $1.33B by 19.42%. Lastly, the company's EPS was $18.07, beating the average prediction of $16.61 by 8.76%. In terms of the last quarterly report (Dec 2023), Nucor's revenue was $7.7B, beating the average analysts' forecast of $7.64B by 0.91%. The company's EBITDA was $1.35B, missing the average prediction of $1.55B by -12.68%. Nucor's net income was $785.4M, beating the average estimation of $701.32M by 11.99%. The company's SG&A was $355M, beating the average forecast of $309.29M by 14.78%. Lastly, the company's EPS was $3.18, beating the average prediction of $2.92 by 8.79%