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Nucor (NUE) Stock Forecast, Price Target & Predictions

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NUE Stock Forecast

Nucor stock forecast is as follows: an average price target of $154.75 (represents a 21.98% upside from NUE’s last price of $126.87) 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 $154.75 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $170.00 to $129.00. This represents a potential 21.98% upside from NUE's last price of $126.87.

NUE Analyst Ratings

Hold

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%), 6 'Hold' (50.00%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).

Nucor Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024John EadeArgus Research$160.00$147.738.31%26.11%
Oct 22, 2024Matthew MillerCFRA$129.00$146.02-11.66%1.68%
Sep 18, 2024Carlos De AlbaMorgan Stanley$170.00$142.1819.57%34.00%
Sep 18, 2024Katja JancicBMO Capital$160.00$142.1812.53%26.11%
Aug 15, 2024Carlos De AlbaMorgan Stanley$176.00$141.2624.59%38.72%
Jun 17, 2024Katja JancicBMO Capital$175.00$153.6113.92%37.94%
Jun 14, 2024Christopher LaFeminaJefferies$170.00$154.4410.07%34.00%
May 20, 2024Christopher LaFeminaJefferies$190.00$172.1210.39%49.76%
Dec 06, 2022UBS$145.00$151.01-3.98%14.29%
Sep 16, 2022Credit Suisse$140.00$116.6320.04%10.35%
Jul 25, 2022Morgan Stanley$115.00$122.31-5.98%-9.36%
Jul 06, 2022Morgan Stanley$121.00$103.4616.96%-4.63%
May 04, 2022David ColemanArgus Research$190.00$149.3927.18%49.76%
Apr 22, 2022Goldman Sachs$148.00$168.66-12.25%16.65%
Apr 22, 2022David GaglianoBMO Capital$168.00$173.05-2.92%32.42%
Apr 22, 2022Credit Suisse$175.00$171.272.18%37.94%
Apr 14, 2022Michael GlickJ.P. Morgan$129.00$165.32-21.97%1.68%
Jun 04, 2021Andreas BokkenheuserUBS$110.00$107.062.75%-13.30%

The latest Nucor stock forecast, released on Oct 29, 2024 by John Eade from Argus Research, set a price target of $160.00, which represents a 8.31% increase from the stock price at the time of the forecast ($147.73), and a 26.11% increase from NUE last price ($126.87).

Nucor Price Target by Period

1M3M12M
# Anlaysts--8
Avg Price Target--$166.25
Last Closing Price$126.87$126.87$126.87
Upside/Downside-100.00%-100.00%31.04%

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 $126.87. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Dec 11, 2024UBSNeutralNeutralDowngrade
Oct 22, 2024CFRASellSellHold
Oct 22, 2024JefferiesHoldHoldHold
Sep 18, 2024Morgan StanleyOverweightOverweightHold
Sep 18, 2024BMO CapitalMarket PerformMarket PerformHold
Sep 17, 2024JefferiesHoldHoldHold
Aug 15, 2024Morgan StanleyEqual-WeightOverweightUpgrade
Jun 17, 2024BMO CapitalMarket PerformMarket PerformHold
Jun 14, 2024JefferiesHoldHoldHold
Jun 11, 2024RBC CapitalSector PerformSector PerformHold
Jun 11, 2024SusquehannaNeutralNeutralHold
May 20, 2024JefferiesHoldInitialise
Mar 13, 2024CitigroupBuyUpgrade
Jul 05, 2023Exane BNP ParibasOutperformUpgrade
Apr 21, 2023CFRAHoldUpgrade
Dec 06, 2022UBSNeutralNeutralHold
Sep 16, 2022Credit SuisseOutperformOutperformHold
Jul 06, 2022Morgan StanleyEqual-WeightEqual-WeightHold
May 11, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 25, 2022Zacks Investment ResearchHoldDowngrade
Oct 06, 2021Goldman SachsBuyDowngrade

Nucor's last stock rating was published by UBS on Dec 11, 2024. The company gave NUE a "Neutral" rating, the same as its previous rate.

Nucor Financial Forecast

Nucor Revenue Forecast

Dec 29Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
Revenue------------------------$7.70B$8.78B$9.52B$8.71B$8.72B$10.50B
Avg Forecast$9.79B$10.29B$10.76B$10.38B$9.65B$10.14B$10.49B$9.95B$8.89B$9.15B$9.46B$9.15B$8.41B$8.59B$8.59B$8.28B$7.46B$7.83B$7.82B$7.21B$6.76B$7.28B$7.69B$8.26B$7.64B$8.37B$9.62B$9.03B$8.43B$10.25B
High Forecast$9.94B$10.45B$10.93B$10.54B$9.80B$10.30B$10.65B$10.10B$9.03B$9.29B$9.60B$9.30B$8.53B$8.72B$8.72B$8.41B$7.58B$7.95B$7.94B$7.26B$6.84B$7.41B$7.69B$8.26B$7.79B$8.75B$9.77B$9.17B$8.66B$10.25B
Low Forecast$9.58B$10.07B$10.53B$10.16B$9.45B$9.93B$10.26B$9.73B$8.70B$8.95B$9.25B$8.96B$8.23B$8.40B$8.41B$8.10B$7.30B$7.67B$7.65B$7.07B$6.69B$7.15B$7.69B$8.26B$7.46B$7.98B$9.41B$8.84B$8.18B$10.25B
# Analysts222211112222222211156322552212
Surprise %------------------------1.01%1.05%0.99%0.96%1.03%1.02%

Nucor's average Quarter revenue forecast for Mar 24 based on 2 analysts is $8.26B, with a low forecast of $8.26B, and a high forecast of $8.26B. 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 29Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts222211112222222211156322552212
EBITDA------------------------$1.35B$1.83B$2.34B$1.89B$1.95B$2.66B
Avg Forecast$1.93B$2.03B$2.12B$2.05B$1.90B$2.00B$2.07B$1.96B$1.75B$1.81B$1.87B$1.81B$1.66B$1.69B$1.70B$1.63B$1.47B$1.55B$1.54B$1.42B$1.33B$1.44B$1.52B$1.49B$1.51B$1.65B$1.90B$1.36B$2.97B$2.08B
High Forecast$1.96B$2.06B$2.16B$2.08B$1.93B$2.03B$2.10B$1.99B$1.78B$1.83B$1.89B$1.83B$1.68B$1.72B$1.72B$1.66B$1.50B$1.57B$1.57B$1.43B$1.35B$1.46B$1.52B$1.79B$1.54B$1.73B$1.93B$1.63B$3.56B$2.08B
Low Forecast$1.89B$1.99B$2.08B$2.00B$1.86B$1.96B$2.03B$1.92B$1.72B$1.77B$1.83B$1.77B$1.62B$1.66B$1.66B$1.60B$1.44B$1.51B$1.51B$1.40B$1.32B$1.41B$1.52B$1.19B$1.47B$1.57B$1.86B$1.09B$2.38B$2.08B
Surprise %------------------------0.90%1.11%1.23%1.39%0.66%1.28%

2 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 29Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts222211112222222211156322552212
Net Income------------------------$785.40M$1.14B$1.46B$1.14B$1.26B$1.69B
Avg Forecast$860.33M$1.02B$1.21B$1.14B$823.00M$979.89M$1.15B$1.03B$672.84M$787.32M$939.92M$857.02M$606.57M$674.26M$679.67M$620.36M$495.50M$532.49M$451.95M$256.15M$150.49M$352.56M$583.06M$853.86M$684.85M$1.00B$1.30B$776.24M$2.09B$1.62B
High Forecast$877.53M$1.04B$1.24B$1.16B$839.46M$999.48M$1.17B$1.05B$686.29M$803.06M$958.71M$874.16M$618.69M$687.74M$693.26M$632.77M$505.41M$543.13M$460.99M$309.31M$164.60M$356.86M$583.11M$1.02B$689.69M$1.04B$1.32B$931.48M$2.51B$1.62B
Low Forecast$836.40M$993.53M$1.18B$1.11B$800.12M$952.64M$1.12B$1.00B$654.13M$765.43M$913.78M$833.19M$589.70M$655.51M$660.77M$603.11M$481.72M$517.68M$439.39M$152.24M$143.43M$348.27M$583.00M$683.09M$682.43M$982.98M$1.26B$620.99M$1.67B$1.62B
Surprise %------------------------1.15%1.14%1.13%1.46%0.60%1.05%

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 29Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts222211112222222211156322552212
SG&A------------------------$355.00M$385.77M$453.39M$389.89M$422.82M$486.56M
Avg Forecast$396.50M$416.80M$436.05M$420.38M$391.01M$410.84M$424.87M$402.91M$360.11M$370.62M$383.04M$370.83M$340.50M$347.78M$348.02M$335.41M$302.27M$317.36M$316.66M$291.90M$273.96M$294.92M$311.34M$317.41M$309.29M$338.86M$389.72M$288.55M$465.87M$415.25M
High Forecast$402.60M$423.21M$442.75M$426.85M$397.02M$417.16M$431.40M$409.11M$365.65M$376.33M$388.93M$376.53M$345.74M$353.13M$353.37M$340.57M$306.92M$322.24M$321.54M$293.97M$277.28M$300.18M$311.34M$380.89M$315.42M$354.60M$395.72M$346.27M$559.05M$415.25M
Low Forecast$388.02M$407.88M$426.72M$411.39M$382.65M$402.05M$415.78M$394.30M$352.41M$362.70M$374.85M$362.90M$333.22M$340.34M$340.57M$328.24M$295.80M$310.57M$309.89M$286.53M$271.05M$289.66M$311.34M$253.93M$302.33M$323.06M$381.39M$230.84M$372.70M$415.25M
Surprise %------------------------1.15%1.14%1.16%1.35%0.91%1.17%

Nucor's average Quarter SG&A projection for Mar 24 is $317.41M, based on 2 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 29Sep 29Jun 29Mar 29Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22
# Analysts222211112222222211156322552212
EPS------------------------$3.18$4.58$5.82$4.47$4.90$6.51
Avg Forecast$3.67$4.36$5.18$4.86$3.51$4.18$4.91$4.41$2.87$3.36$4.01$3.66$2.59$2.88$2.90$2.65$2.11$2.27$1.93$1.09$0.64$1.50$2.49$3.67$2.92$4.29$5.54$3.87$4.16$6.74
High Forecast$3.75$4.45$5.29$4.96$3.58$4.27$5.01$4.50$2.93$3.43$4.09$3.73$2.64$2.94$2.96$2.70$2.16$2.32$1.97$1.32$0.70$1.52$2.49$3.67$2.94$4.46$5.65$3.95$4.31$6.74
Low Forecast$3.57$4.24$5.04$4.73$3.41$4.07$4.77$4.28$2.79$3.27$3.90$3.56$2.52$2.80$2.82$2.57$2.06$2.21$1.88$0.65$0.61$1.49$2.49$3.67$2.91$4.20$5.38$3.76$4.01$6.74
Surprise %------------------------1.09%1.07%1.05%1.16%1.18%0.97%

According to 2 Wall Street analysts, Nucor's projected average Quarter EPS for Mar 24 is $3.67, with a low estimate of $3.67 and a high estimate of $3.67. This represents a 15.37% increase compared to NUE previous annual EPS of $3.18 (Dec 23).

Nucor Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
GGBGerdau$2.94$5.0070.07%Buy
PKXPOSCO$45.41$77.0069.57%Hold
TXTernium$30.00$50.0066.67%Buy
CLFCleveland-Cliffs$10.25$16.5060.98%Buy
MTArcelorMittal$24.70$31.0025.51%Buy
CMCCommercial Metals$49.91$62.0024.22%Hold
NUENucor$126.87$154.7521.98%Hold
STLDSteel Dynamics$129.17$145.6012.72%Buy
RSReliance Steel & Aluminum$292.57$325.0011.08%Buy
XUnited States Steel$36.54$39.528.16%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 $154.75 with a range of $129 to $170, implying a 21.98% from its last price of $126.87. 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 21.98% (from the last price of $126.87 to the average price target of $154.75), up by 34.00% based on the highest stock price target, and up by 1.68% based on the lowest stock price target.

Can Nucor stock reach $200?

NUE's average twelve months analyst stock price target of $154.75 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 2028) are as follows: average revenue is $40.23B (high $40.85B, low $39.37B), average EBITDA is $7.94B (high $8.06B, low $7.77B), average net income is $3.99B (high $4.07B, low $3.87B), average SG&A $1.63B (high $1.65B, low $1.59B), and average EPS is $17.01 (high $17.35, low $16.54). NUE's analysts financial forecasts for the fiscal year (Dec 2029) are as follows: average revenue is $41.22B (high $41.85B, low $40.34B), average EBITDA is $8.13B (high $8.26B, low $7.96B), average net income is $4.24B (high $4.32B, low $4.12B), average SG&A $1.67B (high $1.7B, low $1.63B), and average EPS is $18.08 (high $18.44, low $17.58).

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 $6.41B by 15.37%. The company's net income was $4.52B, beating the average estimation of $3.76B by 20.26%. 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 $1.51B by -10.38%. Nucor's net income was $785.4M, beating the average estimation of $684.85M by 14.68%. 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%