JPMorgan has revised its price target for Nucor (NUE, Financial), reducing it from $156 to $140, while maintaining an Overweight rating on the company's shares. This adjustment reflects the recent developments in the steel industry, particularly involving tariffs.
Although steel products are not currently subject to reciprocal tariffs, updated Section 232 tariffs are expected to bolster the pricing floor over time and enhance market utilization. This outlook is based on the belief that the changes will ultimately stabilize the sector.
Moreover, JPMorgan has recalibrated its December 2025 price targets for the broader steel sector. The adjustments consider anticipated lower growth in shipments and the potential economic impact of trade uncertainties and recession risks. These factors contribute to a more cautious market forecast.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Nucor Corp (NUE, Financial) is $139.07 with a high estimate of $169.00 and a low estimate of $39.00. The average target implies an upside of 25.88% from the current price of $110.48. More detailed estimate data can be found on the Nucor Corp (NUE) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Nucor Corp's (NUE, 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 Nucor Corp (NUE, Financial) in one year is $146.77, suggesting a upside of 32.85% from the current price of $110.48. 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 Nucor Corp (NUE) Summary page.
