Nucor (NUE) Stock Forecast & Price Target

Q: What analysts cover Nucor?

Nucor has been rated by research analysts at Barclays , Cfra , Freedom Broker , JPMorgan Chase & Co. , KeyCorp , Piper Sandler , The Goldman Sachs Group , Wedbush , Weiss Ratings , Wells Fargo & Company , and Zacks Research in the past 90 days.

$261.37 +4.90 (+1.91%)

Closing price 11/11/2026 03:59 PM Eastern

Extended Trading

$262.34 +0.97 (+0.37%)

As of 09:05 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 18 Analyst Ratings

Sell
0

Hold
3

Buy
15

Based on 18 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 18 analysts, 3 have given a hold rating, 14 have given a buy rating, and 1 has given a strong buy rating for NUE.

Consensus Price Target

$287.38
9.95% Upside

According to the 18 analysts' twelve-month price targets for Nucor, the average price target is $287.38. The highest price target for NUE is $335.00, while the lowest price target for NUE is $248.00. The average price target represents a forecasted upside of 9.95% from the current price of $261.37.

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 11/12/25 to 11/12/26	1 Month Ago 10/13/25 to 10/13/26	3 Months Ago 8/14/25 to 8/14/26	1 Year Ago 11/12/24 to 11/12/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	3 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	$287.38	$276.07	$273.31	$165.20
Forecasted Upside	9.95% Upside	8.77% Upside	1.94% Upside	11.42% 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	2.89	2.55	2.52
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	9.95% Upside	83.88% Upside	13.70% 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
11/4/2026	Cfra 3 of 5 stars		Upgrade	Strong Sell ➝ Hold
11/4/2026	KeyCorp 3 of 5 stars	Samuel McKinney Not Rated	Boost Target	Overweight	$286.00 ➝ $301.00	+10.10%
11/2/2026	Wedbush 5 of 5 stars		Set Target		$304.00	+8.42%
10/30/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$304.00	+11.78%
10/30/2026	Freedom Broker Subscribe to MarketBeat All Access to unlock brokerage rankings	Vitaly Kononov Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$285.00 ➝ $304.00	+11.16%
10/28/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Nick Cash Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$335.00	+23.83%
10/28/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Timna Tanners Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$280.00 ➝ $305.00	+12.74%
10/28/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Bill Peterson Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$296.00 ➝ $304.00	+13.24%
10/28/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Garchitorena Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Overweight	$306.00 ➝ $320.00	+17.81%
10/15/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Buy (B-) ➝ Buy (B)
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10/13/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
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	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 Thursday at 08:59 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 Monday, November 9, 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 reported third-quarter revenue of $11.25 billion, which exceeded the analyst consensus estimate of $10.84 billion and represented a 32.0% increase compared to the same quarter last year, indicating strong top-line growth and operational momentum.
The stock is currently trading at $249.48, which is below the consensus price target of $287.38, suggesting potential upside as analysts maintain a "Moderate Buy" consensus rating with several firms recently raising their targets to over $300.
Institutional investors are increasing their exposure to the company, with the University of Texas Texas AM Investment Management Co. purchasing a new position of 11,404 shares and Candriam S.C.A. raising its stake by 33.1% during the third quarter, signaling growing confidence among large investors.
Nucor Co. is positioned to benefit from the expanding recycled metals market, which is projected to grow from $57.3 billion in 2025 to $99.7 billion by 2032, driven by decarbonization initiatives and circular economy policies that favor the company's electric arc furnace technology.
The company maintains a strong balance sheet with a debt-to-equity ratio of 0.26 and a current ratio of 2.46, providing financial stability and the capacity to continue returning capital to shareholders through dividends and share buybacks.

Nucor
Bear Case

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

Corporate insiders have been consistently selling shares, with COO Stephen Laxton selling 10,560 shares on November 3rd and EVP Noah Hanners selling 5,190 shares on October 29th, which may signal that company leadership is taking advantage of the recent stock price appreciation.
The stock has experienced significant volatility and recent underperformance, including a 6.6% drop on November 5th and underperforming competitors on Thursday, which may reflect selling pressure after a strong run-up and heightened sensitivity to market sentiment.
Nucor Co. missed its earnings per share estimate in the most recent quarter, reporting $5.80 against a consensus of $5.84, which could raise concerns about the sustainability of profit margins despite strong revenue growth.
The company has a high beta of 1.81, meaning its stock price is significantly more volatile than the overall market, which can lead to larger price swings and higher risk for investors during periods of market uncertainty.
Short interest has been increasing, with shares shorted rising to 4,868,073 in the most recent reporting period, indicating that some traders are betting against the stock's future performance and potentially anticipating a price correction.

NUE Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Nucor is $287.38, with a high forecast of $335.00 and a low forecast of $248.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nucor in the last year. There are currently 3 hold ratings, 14 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NUE shares.

According to analysts, Nucor's stock has a predicted upside of 9.95% based on their 12-month stock forecasts.

Over the previous 90 days, Nucor's stock had 5 upgrades and 1 downgrade by analysts.

Nucor has been rated by research analysts at Barclays, Cfra, Freedom Broker, JPMorgan Chase & Co., KeyCorp, Piper Sandler, The Goldman Sachs Group, Wedbush, 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 2.89 while the average consensus rating score for "materials" companies is 2.55. Learn more on how NUE compares to other companies.

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Brokerages With Nucor Recommendations

MarketBeat monitors more than a dozen sources for Nucor analyst ratings, with the most recent rating issued on 11/4/2026.

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Nucor (NUE) Stock Forecast & Price Target