Nippon Steel has revised its investment offer for improvements at United States Steel's (X, Financial) facilities, proposing $7 billion, a significant increase from the initial $2.7 billion. This development is part of ongoing discussions with White House officials about their proposed $14 billion merger. In market activities, US Steel's stock edged up by 0.1% around midday on Friday. Additionally, Nvidia (NVDA)-backed CoreWeave has announced the pricing of its IPO at $40 per share, with trading under the symbol CRWV starting soon. Meanwhile, Nvidia shares fell 1.3%.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for United States Steel Corp (X, Financial) is $40.78 with a high estimate of $45.00 and a low estimate of $36.54. The average target implies an downside of 4.19% from the current price of $42.56. More detailed estimate data can be found on the United States Steel Corp (X) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, United States Steel Corp's (X, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for United States Steel Corp (X, Financial) in one year is $29.32, suggesting a downside of 31.11% from the current price of $42.56. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the United States Steel Corp (X) Summary page.
