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NYSE: NUE
Nucor Corp Stock Forecast, Predictions & Price Target

Analyst price target for NUE

Based on 4 analysts offering 12 month price targets for Nucor Corp.
Min Forecast
$190.00+10.39%
Avg Forecast
$210.00+22.01%
Max Forecast
$240.00+39.44%

Should I buy or sell NUE stock?

Based on 4 analysts offering ratings for Nucor Corp.
Buy
Strong Buy
2 analysts 50%
Buy
0 analysts 0%
Hold
2 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NUE stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-04-24
lockedlocked$00.00+00.00%2024-04-24
lockedlocked$00.00+00.00%2024-03-13Find Out Why
lockedlocked$00.00+00.00%2024-01-16

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Forecast return on equity

Is NUE forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
34.39%

Forecast return on assets

Is NUE forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

NUE revenue forecast

What is NUE's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$31.3B-8.22%
Avg 2 year Forecast
$31.4B-7.93%
Avg 3 year Forecast
$31.9B-6.67%
NUE's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NUE earnings growth forecast

How is NUE forecast to perform vs Steel companies and vs the US market?
Company
-21.11%
Industry
-18.05%
Market
18.2%
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
NUE's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

NUE revenue growth forecast

How is NUE forecast to perform vs Steel companies and vs the US market?
Company
-2.37%
Industry
-2.01%
Market
9.95%
NUE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NUE's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NUE vs Steel Stocks

TickerPricePrice TargetUp/downsideConsensus
NUE$172.12$210.00+22.01%Buy
PKX$74.23N/AN/A
MT$26.44$31.00+17.25%Hold
STLD$133.93$129.25-3.49%Hold
RS$298.37$362.33+21.44%Buy

Nucor Stock Forecast FAQ

Is Nucor Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 4 Wall Street analysts covering (NYSE: NUE) stock is to Buy NUE stock.

Out of 4 analysts, 2 (50%) are recommending NUE as a Strong Buy, 0 (0%) are recommending NUE as a Buy, 2 (50%) are recommending NUE as a Hold, 0 (0%) are recommending NUE as a Sell, and 0 (0%) are recommending NUE as a Strong Sell.

If you're new to stock investing, here's how to buy Nucor stock.

What is NUE's revenue growth forecast for 2024-2026?

(NYSE: NUE) Nucor's forecast annual revenue growth rate of -2.37% is not forecast to beat the US Steel industry's average forecast revenue growth rate of -2.01%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.95%.

Nucor's revenue in 2024 is $34,140,604,000.On average, 4 Wall Street analysts forecast NUE's revenue for 2024 to be $7,513,056,382,406, with the lowest NUE revenue forecast at $7,331,128,507,994, and the highest NUE revenue forecast at $7,628,321,613,571. On average, 4 Wall Street analysts forecast NUE's revenue for 2025 to be $7,536,316,630,760, with the lowest NUE revenue forecast at $7,224,873,284,384, and the highest NUE revenue forecast at $8,116,415,438,040.

In 2026, NUE is forecast to generate $7,639,696,631,225 in revenue, with the lowest revenue forecast at $7,512,455,539,410 and the highest revenue forecast at $7,766,937,723,041.

What is NUE's forecast return on assets (ROA) for 2024-2027?

(NYSE: NUE) forecast ROA is N/A, which is lower than the forecast US Steel industry average of N/A.

What is NUE's Price Target?

According to 4 Wall Street analysts that have issued a 1 year NUE price target, the average NUE price target is $210.00, with the highest NUE stock price forecast at $240.00 and the lowest NUE stock price forecast at $190.00.

On average, Wall Street analysts predict that Nucor's share price could reach $210.00 by Apr 24, 2025. The average Nucor stock price prediction forecasts a potential upside of 22.01% from the current NUE share price of $172.12.

What is NUE's forecast return on equity (ROE) for 2024-2027?

(NYSE: NUE) forecast ROE is N/A, which is considered weak.
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