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Nucor Corp. (NUE)
NYSE:NUE
Holding NUE?
Track your performance easily
See the Price Targets and Ratings of:
NUE Analyst Ratings
Moderate Buy
7 Buy
4 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
NUE Stock 12 Month Forecast
Average Price Target
$177.50
▲(42.96% Upside)
| Highest Price Target$240.00 | Average Price Target$177.50 | Lowest Price Target$156.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Goldman Sachs
Initiated
12/02/24
KeyBanc
Reiterated
10/29/24
Argus Research
Reiterated
10/29/24
Morgan Stanley
Reiterated
10/24/24
Seaport Global
Assigned
10/23/24
J.P. Morgan
Reiterated
10/23/24
Bank of America Securities
Assigned
10/22/24
Citi
Reiterated
09/30/24
BMO Capital
Assigned
09/17/24
Jefferies
$170
Hold
36.92%
Upside
Reiterated
09/17/24
Jefferies reiterates Hold Rating on Nucor (NUE)Jefferies analyst Christopher LaFemina reiterated a Hold rating and $170.00 price target on Nucor (NYSE: NUE).
Credit Suisse
$210→$183
Buy
47.39%
Upside
Reiterated
06/14/24
Nucor (NUE) PT Lowered to $183 at UBSUBS analyst Curt Woodworth lowered the price target on Nucor (NYSE: NUE) to $183.00 (from $210.00) while maintaining a Buy rating.
Unknown Analyst
Not Ranked
CFRA
$167
Sell
34.50%
Upside
Downgraded
01/31/24
CFRA downgrades Nucor (NUE) to SellCFRA downgraded Nucor (NYSE: NUE) from Hold to Sell with a price target of $167.00.
Unknown Analyst
Not Ranked
Robert W. Baird
―
Buy
―
Reiterated
06/04/24
2 - David E. Tarantino, CFA No change in group thesis. Comps for our overall sample in the most recent week were consistent with the averages for the prior four weeks. We look to gain additional insights on recent demand fundamentals from the 12 restaurant companies attending Technology & Services Conference this week. GFF : Griffon Corporation : Rytec - Timothy Wojs, CFA Positive valuation read-through from Nucor acquisition. Earlier this morning, Nucor (NUE) announced the acquisition of $565m or 12.5X 2024E EBITDA (implies ~$45m of EBITDA in 2024E), furthering its vertical integration ambitions. Recall, Nucor also acquired C.H.I. 13X TTM EBITDA in 2022.
Best Analysts Covering Nucor
Which Analyst Should I Follow If I Want to Buy NUE and Sell After:
1 Month
xxx
Success Rate
17/27 ratings generated profit
Average Return
+1.32%
reiterated a xxx
rating 6 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 62.96% of your transactions generating a profit, with an average return of +1.32% per trade.
3 Months
xxx
Success Rate
8/12 ratings generated profit
Average Return
+5.38%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 66.67% of your transactions generating a profit, with an average return of +5.38% per trade.
1 Year
Success Rate
6/12 ratings generated profit
Average Return
+16.63%
reiterated a buy rating 3 months ago
Copying Alexander Hacking's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of +16.63% per trade.
2 Years
xxx
Success Rate
6/12 ratings generated profit
Average Return
+60.74%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 50.00% of your transactions generating a profit, with an average return of +60.74% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
NUE Analyst Recommendation Trends
Rating
Jul 24
Aug 24
Sep 24
Oct 24
Dec 24
Strong Buy
0
0
2
2
2
Buy
9
14
12
15
11
Hold
10
9
6
4
5
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
19
23
20
21
18
Each month's total comprises the sum of three months' worth of ratings.
NUE Financial Forecast
NUE Stock Forecast FAQ
What is NUE’s average 12-month price target, according to analysts?
Based on analyst ratings, Nucor Corp.’s 12-month average price target is $177.50.
What is NUE’s upside potential, based on the analysts’ average price target?
Nucor Corp. has 42.96% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is NUE a Buy, Sell or Hold?
Nucor Corp. has a consensus rating of Moderate Buy which is based on 7 buy ratings, 4 hold ratings and 0 sell ratings.
What is Nucor Corp.’s price target?
The average price target for Nucor Corp. is $177.50. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $240.00 ,the lowest forecast is $156.00. The average price target represents 42.96% Increase from the current price of $124.16.
The highest analyst price target is $240.00 ,the lowest forecast is $156.00. The average price target represents 42.96% Increase from the current price of $124.16.
What do analysts say about Nucor Corp.?
Nucor Corp.’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 11 Wall Streets Analysts.
How can I buy shares of NUE?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.