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Nucor Corp has a consensus price target of $167.13 based on the ratings of 17 analysts. The high is $200 issued by B of A Securities on June 26, 2024. The low is $114 issued by Goldman Sachs on October 6, 2022. The 3 most-recent analyst ratings were released by Citigroup, UBS, and Goldman Sachs on December 19, 2024, December 12, 2024, and December 2, 2024, respectively. With an average price target of $168.67 between Citigroup, UBS, and Goldman Sachs, there's an implied 42.97% upside for Nucor Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Nucor (NYSE:NUE) was reported by Citigroup on December 19, 2024. The analyst firm set a price target for $160.00 expecting NUE to rise to within 12 months (a possible 35.63% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Nucor (NYSE:NUE) was provided by Citigroup, and Nucor maintained their buy rating.
The last upgrade for Nucor Corp happened on September 9, 2024 when JP Morgan raised their price target to $174. JP Morgan previously had a neutral for Nucor Corp.
The last downgrade for Nucor Corp happened on December 12, 2024 when UBS changed their price target from $171 to $156 for Nucor Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Nucor, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Nucor was filed on December 19, 2024 so you should expect the next rating to be made available sometime around December 19, 2025.
While ratings are subjective and will change, the latest Nucor (NUE) rating was a maintained with a price target of $240.00 to $160.00. The current price Nucor (NUE) is trading at is $117.97, which is out of the analyst’s predicted range.
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