Nucor Stock Forecast

Stock Price Forecast

The 8 analysts with 12-month price forecasts for Nucor stock have an average target of 186.88, with a low estimate of 151 and a high estimate of 240. The average target predicts an increase of 23.40% from the current stock price of 151.44.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$151	$186.88	$190	$240
Change	-0.29%	+23.40%	+25.46%	+58.48%

Analyst Ratings

The average analyst rating for Nucor stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	2	3	3	3	3	3
Buy	1	1	0	1	2	2
Hold	6	5	5	4	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	8	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Katja Jancic BMO Capital	BMO Capital	Hold Maintains $175 → $160	Hold	Maintains	$175 → $160	+5.65%	Sep 18, 2024
Carlos De Alba Morgan Stanley	Morgan Stanley	Buy Maintains $176 → $170	Buy	Maintains	$176 → $170	+12.26%	Sep 18, 2024
Bill Peterson JP Morgan	JP Morgan	Hold → Buy Upgrades $170 → $174	Hold → Buy	Upgrades	$170 → $174	+14.90%	Sep 9, 2024
Carlos De Alba Morgan Stanley	Morgan Stanley	Hold → Buy Upgrades $187 → $176	Hold → Buy	Upgrades	$187 → $176	+16.22%	Aug 15, 2024
Bill Peterson JP Morgan	JP Morgan	Hold Maintains $180 → $170	Hold	Maintains	$180 → $170	+12.26%	Jul 16, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

31.01B

from 34.71B

-10.68%

from 34.71B

Revenue Next Year

31.55B

from 31.01B

1.74%

from 31.01B

EPS This Year

9.90

from 18.00

-45.02%

from 18.00

EPS Next Year

11.49

from 9.90

16.11%

from 9.90

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	22.59B	20.14B	36.48B	41.51B	34.71B	31.01B	31.55B	33.54B
Revenue Growth	-9.89%	-10.84%	81.15%	13.78%	-16.38%	-10.68%	1.74%	6.31%
EPS	4.14	2.36	23.16	28.79	18.00	9.90	11.49	13.43
EPS Growth	-44.27%	-42.85%	879.50%	24.29%	-37.47%	-45.02%	16.11%	16.84%
Forward PE	-	-	-	-	-	15.30	13.18	11.28
No. Analysts	-	-	-	-	-	15	15	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	33.2B	36.6B	37.1B
Avg	31.0B	31.5B	33.5B
Low	29.5B	28.6B	29.5B

Revenue Growth

Revenue Growth	2024	2025	2026
High	-4.5%	17.9%	17.6%
Avg	-10.7%	1.7%	6.3%
Low	-15.0%	-7.9%	-6.4%

EPS Forecast

EPS	2024	2025	2026
High	10.90	15.39	16.37
Avg	9.90	11.49	13.43
Low	8.90	7.64	11.54

EPS Growth

EPS Growth	2024	2025	2026
High	-39.5%	55.5%	42.4%
Avg	-45.0%	16.1%	16.8%
Low	-50.5%	-22.8%	0.5%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.