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Nucor Corp has a consensus price target of $176.6 based on the ratings of 16 analysts. The high is $240 issued by Citigroup on March 13, 2024. The low is $114 issued by Goldman Sachs on October 6, 2022. The 3 most-recent analyst ratings were released by JP Morgan, Morgan Stanley, and JP Morgan on September 9, 2024, August 15, 2024, and July 16, 2024, respectively. With an average price target of $173.33 between JP Morgan, Morgan Stanley, and JP Morgan, there's an implied 21.25% 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 JP Morgan on September 9, 2024. The analyst firm set a price target for $174.00 expecting NUE to rise to within 12 months (a possible 21.71% upside). 15 analyst firms have reported ratings in the last year.
The latest analyst rating for Nucor (NYSE:NUE) was provided by JP Morgan, and Nucor upgraded their overweight 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 January 11, 2022 when Wolfe Research changed their price target from N/A to $102 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 September 9, 2024 so you should expect the next rating to be made available sometime around September 9, 2025.
While ratings are subjective and will change, the latest Nucor (NUE) rating was a upgraded with a price target of $170.00 to $174.00. The current price Nucor (NUE) is trading at is $142.96, which is out of the analyst’s predicted range.
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