Nucor (NUE) Stock Forecast & Price Target

Q: What analysts cover Nucor?

Nucor has been rated by research analysts at Barclays , BMO Capital Markets , Citigroup , Freedom Broker , JPMorgan Chase & Co. , KeyCorp , Morgan Stanley , The Goldman Sachs Group , UBS Group , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$256.32 +1.63 (+0.64%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$255.50 -0.82 (-0.32%)

As of 10/16/2026 07:30 PM Eastern

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Nucor - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 17 Analyst Ratings

Sell
0

Hold
3

Buy
14

Based on 17 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 17 analysts, 3 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for NUE.

Consensus Price Target

$276.07
7.71% Upside

According to the 17 analysts' twelve-month price targets for Nucor, the average price target is $276.07. The highest price target for NUE is $302.00, while the lowest price target for NUE is $248.00. The average price target represents a forecasted upside of 7.71% from the current price of $256.32.

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.

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NUE Analyst Ratings Over Time

Type	Current Forecast 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$276.07	$276.43	$266.31	$157.60
Forecasted Upside	7.71% Upside	11.00% Upside	15.35% Upside	19.67% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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	Materials Companies	Broader Market
Consensus Rating Score	2.88	2.56	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.71% Upside	164.52% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent NUE News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/15/2026	Weiss Ratings 3 of 5 stars		Upgrade	Buy (B-) ➝ Buy (B)
10/13/2026	Zacks Research 4 of 5 stars		Upgrade	Hold ➝ Strong-Buy
10/9/2026	JPMorgan Chase & Co. 3 of 5 stars	Bill Peterson 5 of 5 stars	Lower Target	Overweight	$308.00 ➝ $296.00	+18.28%
10/5/2026	KeyCorp Subscribe to MarketBeat All Access to unlock brokerage rankings	Samuel McKinney Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$288.00 ➝ $286.00	+19.01%
9/18/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Timna Tanners Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$285.00 ➝ $280.00	+5.44%
9/18/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$304.00 ➝ $302.00	+22.30%
9/18/2026	Freedom Broker Subscribe to MarketBeat All Access to unlock brokerage rankings	Vitaly Kononov Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Buy ➝ Hold	$305.00 ➝ $285.00	+14.28%
7/29/2026	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Katja Jancic Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$285.00 ➝ $295.00	+11.88%
7/29/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Alexander Hacking Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
7/29/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Garchitorena Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$272.00 ➝ $295.00	+11.11%
Elon Musk’s 4th Wealth Window Set to Open by October 30 (Ad) Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He points to a new AI project tied to Musk's Cybercab reveal. Brown says Musk has opened major investment windows before, with PayPal, Tesla, and SpaceX marking milestones in tech history. He believes a fourth may open by October 30. See Jeff Brown's full analysis on Musk's new AI project
7/29/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Carlos De Alba Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$270.00	+1.69%
7/28/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrew Jones Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Neutral	$224.00 ➝ $256.00	-3.30%
7/9/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Lawson Winder Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$290.00 ➝ $280.00	+23.44%
5/25/2026	CICC Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Outperform
5/15/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$200.00 ➝ $262.00	+14.47%
5/4/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Outperform	$210.00 ➝ $248.00	+8.71%
4/28/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$225.00 ➝ $250.00	+12.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:55 PM 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 Saturday, October 17, 2026. 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 received a significant upgrade from Zacks Research, which moved its rating from "Hold" to "Strong-Buy" on October 15, 2026, signaling strong momentum and improved investor sentiment toward the stock.
The company demonstrated strong financial performance in its most recent quarter, reporting earnings per share of $4.84, which beat the consensus estimate of $4.46, while revenue grew 23.0% year-over-year to $10.40 billion.
Nucor Co. is expanding its high-value product portfolio with a $105 million investment to increase utility pole production in Indiana, positioning the company to benefit from growing infrastructure and grid growth demands.
Institutional investors are increasing their stakes in the company, with the State of Alaska Department of Revenue raising its holdings by 18.7% and First Citizens Bank & Trust Co. increasing its position by 383.6% during the third quarter.
The stock is currently trading at $256.32, which is below the consensus price target of $276.07, suggesting potential for further upside as analysts maintain a "Moderate Buy" consensus rating.

Nucor
Bear Case

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

Recent uncertainty over U.S. trade policy and tariffs has weighed on the steel sector, causing Nucor Co. shares to slip alongside other steel producers like Cleveland-Cliffs and Steel Dynamics.
Corporate insiders have been consistently selling shares, with multiple executives including the COO and EVPs selling thousands of shares in recent months, which may signal a lack of confidence in near-term stock appreciation.
The company has a high beta of 1.84, indicating that its stock is significantly more volatile than the overall market, which can lead to larger price swings and higher risk for investors.
Short interest in Nucor Co. has increased in recent months, with shares shorted rising to 4,364,734 as of September 30, 2026, suggesting that some market participants are betting against the stock's performance.
The stock has experienced a gap down of 10.88% on September 18, 2026, indicating potential for sharp declines in value due to market sentiment shifts or negative news events.

NUE Forecast - Frequently Asked Questions

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Nucor is $276.07, with a high forecast of $302.00 and a low forecast of $248.00.

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 3 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NUE shares.

According to analysts, Nucor's stock has a predicted upside of 7.71% based on their 12-month stock forecasts.

Over the previous 90 days, Nucor's stock had 3 upgrades and 1 downgrade by analysts.

Nucor has been rated by research analysts at Barclays, BMO Capital Markets, Citigroup, Freedom Broker, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, The Goldman Sachs Group, UBS Group, Weiss Ratings, Wells Fargo & Company, and Zacks Research in the past 90 days.

Analysts like Nucor more than other "materials" companies. The consensus rating score for Nucor is 2.88 while the average consensus rating score for "materials" companies is 2.56. Learn more on how NUE compares to other companies.

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MarketBeat monitors more than a dozen sources for Nucor analyst ratings, with the most recent rating issued on 10/15/2026.

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Nucor (NUE) Stock Forecast & Price Target