Nucor (NUE) Stock Forecast & Price Target

$121.73 -1.15 (-0.94%)

As of 01/14/2025 03:58 PM Eastern

Nucor - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

Based on 9 Wall Street analysts who have issued ratings for Nucor in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 3 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for NUE.

Consensus Price Target

$165.63
36.06% Upside

According to the 9 analysts' twelve-month price targets for Nucor, the average price target is $165.63. The highest price target for NUE is $200.00, while the lowest price target for NUE is $125.00. The average price target represents a forecasted upside of 36.06% from the current price of $121.73.

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NUE Analyst Ratings Over Time

Type	Current Forecast 1/16/24 to 1/15/25	1 Month Ago 12/17/23 to 12/16/24	3 Months Ago 10/18/23 to 10/17/24	1 Year Ago 1/16/23 to 1/16/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$165.63	$183.75	$191.43	$173.25
Forecasted Upside	36.06% Upside	47.99% Upside	21.08% Upside	1.43% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

NUE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NUE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Nucor Stock vs. The Competition

Type	Nucor	Basic Materials Companies	S&P 500
Consensus Rating Score	2.78	2.76	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	36.06% Upside	133.31% Upside	14.85% Upside
News Sentiment Rating	Positive News See Recent NUE News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
1/6/2025	Jefferies Financial Group 2 of 5 stars		Lower Target	Hold ➝ Hold	$150.00 ➝ $125.00	+8.27%
12/19/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$240.00 ➝ $160.00	+37.91%
12/12/2024	UBS Group 4 of 5 stars	A. Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Neutral	$171.00 ➝ $156.00	+12.70%
12/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Harris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$190.00	+22.83%
10/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$170.00 ➝ $168.00	+18.04%
10/23/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$170.00 ➝ $166.00	+14.09%
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9/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$175.00 ➝ $160.00	+12.53%
8/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $200.00	+30.65%
7/11/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$156.00 ➝ $167.00	+1.73%
7/5/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$191.00	+15.33%
6/1/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:08 AM ET.

Should I Buy Nucor Stock? NUE Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, January 10, 2025. Please send any questions or comments about these Nucor pros and cons to contact@marketbeat.com.

Nucor
Bull Case

Here are some ways that investors could benefit from investing in Nucor Co.:

Nucor Co. recently reported a quarterly earnings per share (EPS) of $1.49, exceeding analysts' expectations of $1.40, indicating strong financial performance.
The company has a significant market capitalization of approximately $29.15 billion, which reflects its stability and potential for growth in the basic materials sector.
As of the latest trading session, Nucor Co. shares are priced at $115.45, which may present a buying opportunity for investors looking for value in the current market.
Institutional investors and hedge funds own 76.48% of Nucor Co.'s stock, suggesting strong confidence from large financial entities in the company's future prospects.
Recent analyst ratings show a consensus of "Moderate Buy" with an average price target of $173.75, indicating potential upside for investors.

Nucor
Bear Case

Investors should be bearish about investing in Nucor Co. for these reasons:

Recent insider selling, including a significant transaction where an executive sold 9,000 shares, may raise concerns about the company's future performance and insider confidence.
Analysts have recently cut their price targets for Nucor Co., with BMO Capital Markets lowering it from $175.00 to $160.00, which could indicate a bearish outlook.
The stock has experienced volatility, with a 52-week high of $203.00 and a low of $112.25, suggesting potential risks for investors regarding price fluctuations.
Despite a strong EPS report, the company's net margin of 8.05% may not be sufficient to attract investors looking for higher profitability ratios in the basic materials sector.
The current price-to-earnings (P/E) ratio of 12.10 may be considered low, but it could also indicate that the stock is undervalued, which might deter some investors from entering at this time.

NUE Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Nucor is $165.63, with a high forecast of $200.00 and a low forecast of $125.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 3 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NUE shares.
: According to analysts, Nucor's stock has a predicted upside of 36.06% based on their 12-month stock forecasts.
: Nucor has been rated by research analysts at Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, The Goldman Sachs Group, and UBS Group in the past 90 days.
: Analysts like Nucor more than other "basic materials" companies. The consensus rating score for Nucor is 2.78 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how NUE compares to other companies.

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This page (NYSE:NUE) was last updated on 1/15/2025 by MarketBeat.com Staff

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Nucor (NUE) Stock Forecast & Price Target