Wire
Goldman Sachs Adjusts Price Target on Nucor to $260 From $240
Nucor (NUE) has an average rating of overweight and mean price target of $237.42, according to analysts polled by FactSet.Price: $227.12, Change: $+1.83, Percent Change: +0.81%
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27 stories mentioning NUEUpdated 2d ago
Every FINWIRES story that references NUE, newest first.
What are analysts saying about NUE?
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
- Goldman SachsTarget revisedBuyPrice target$304from $303
- BofA SecuritiesTarget revisedBuyPrice target$280from $290
- KeyBancUpgradedOverweightPrice target$274
- CICC ResearchInitiatedOutperformPrice target$263
- BNP ParibasTarget raisedOutperformPrice target$248from $210
- Goldman SachsTarget revisedPrice target$260from $240
What's the latest news on NUE?
Research
Research Alert: CFRA Downgrades Opinion On Shares Of Nucor Corporation To Sell From Hold
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $6 to $198, driven by an EV/EBITDA of 8.5x our 2027 EBITDA estimate, which is between NUE's three-year average forward EV/EBITDA of 7.8x and the peers' average of 9.2x. We raise our 2026 EPS estimate by $1.97 to $13.75 and trim 2027 by $0.09 to $13.39. NUE reported strong Q1 results with record steel mill shipments of 7 million tons and a backlog of 4.7 million tonsthe highest since Q2 2021. While management is optimistic about sustained demand from data centers, infrastructure, and the border fence project, we believe current steel pricing dynamics reflect an unsustainable peak. Import penetration has fallen to 15%, aided by aggressive trade enforcement, which has tightened domestic supply and elevated prices. However, we expect competitive pressures to reassert as new capacity starts up in the U.S (including NUE's own West Virginia sheet mill ramping through 2027-2028) adding supply into potentially softer markets. We view the risk/reward as unfavorable at current levels.
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Wire
Nucor Q1 Earnings Beat to Inflect Higher Into Q2, BofA Says
Nucor's (NUE) Q1 earnings beat is set to inflect higher into Q2 as the company guided to improved earnings across all operating segments, with steel mills and raw materials benefiting from better pricing, BofA Securities said in a Tuesday research note.The brokerage boosted its 2026 EPS guidance to $15.14 from $12.85 and expects higher cash generation this year and in 2027. The outlook is supported by higher hot-rolled coil pricing and falling capital spending which the brokerage said should drive free cash flow higher.The company is seeing demand strength from reshoring, infrastructure spend and AI datacenter capex. It remains "cushioned" by backlog visibility and a strong balance sheet, according to the note.The brokerage reiterated its buy rating on the stock and boosted its price objective to $250 per share from $190.Price: $220.00, Change: $+5.00, Percent Change: +2.33%
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Wire
BofA Securities Adjusts Nucor Price Target to $250 From $190, Maintains Buy Rating
Nucor (NUE) has an average rating of overweight and mean price target of $207.42, according to analysts polled by FactSet.Price: $217.12, Change: $+2.12, Percent Change: +0.99%
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Research
UBS Downgrades Nucor to Neutral From Buy, Adjusts Price Target to $224 From $190
Nucor (NUE) has an average rating of overweight and mean price target of $207.42, according to analysts polled by FactSet.
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Research
Research Alert: Nucor Posts Strong Q1, Beats On Revenue And Eps
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Nucor reported Q1 2026 adjusted EPS of $3.23, significantly above $0.77 prior year and beating consensus by $0.41, with revenues of $9.50B exceeding estimates by 7.1%. Steel mills posted record quarterly shipments of 7.0M tons with segment earnings more than doubling sequentially to $1.128B as external pricing improved to $1,074 per ton (+14% Y/Y) and utilization climbed to 86%. We believe operational execution remains strong across segments, with steel products earnings rising 24% sequentially and broad-based volume recovery evident. Management guided for higher Q2 earnings across all segments on price improvement and stable to growing volumes. With capex declining 18% sequentially to $661M and $2.48B in cash, Nucor returned $250M to shareholders with $3.97B remaining under buyback authorization. We expect accelerating free cash flow generation will support enhanced shareholder returns, though valuation ultimately depends on pricing power persistence amid upcoming industry capacity additions in 2027.
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Wire
Nucor Q1 Earnings, Revenue Rise
Nucor (NUE) reported fiscal Q1 earnings late Monday of $3.23 per diluted share, up from $0.67 a year earlier.Analysts polled by FactSet expected $2.82.Revenue for the 13 weeks ended April 4 was $9.5 billion, up from $7.83 billion a year earlier.Analyst surveyed by FactSet expected $8.88 billion.For Q2, the company said it expects higher consolidated earnings compared with its Q1.
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