Nucor Corp stock gets a new USD 286 price target
Published on 10/05/2026 at 22:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Nucor Corp (ISIN US6703461052) closed at USD 240.39 on the NYSE on October 2, 2026, gaining 1.87 percent on the session. The latest analyst move came on October 5, when MarketBeat reported that KeyCorp lowered its price target to USD 286 from USD 288 while keeping an Overweight rating.
KeyCorp trims its target
The revised target remains USD 45.61 above the October 2 close, a 19.0 percent difference calculated against the closing price. MarketBeat also reported a Moderate Buy consensus from 17 analysts, with an average target of USD 276.93.
The consensus target lies USD 36.54 above the October 2 close, equivalent to 15.2 percent above the stock price. That spread is smaller than KeyCorp's individual target, but both figures point to analyst expectations above the latest completed NYSE session.
Q3 guidance sets the test
Nucor said on September 17, 2026, that it expects Q3 2026 adjusted net earnings of USD 5.55-5.65 per diluted share. The range is above the company's Q2 adjusted EPS of USD 4.84, while Q2 net earnings were USD 5.04 per diluted share.
The comparison also carries a quality warning: Q2 included a USD 0.20 per-share non-cash benefit from the Helion investment valuation. Nucor also cited USD 130 million in prior-period raw-material refunds that benefited the steel mills segment, creating a tougher comparison for the next report.
Stock remains below its yearly high
Nucor traded within a 52-week range of USD 131.32 to USD 280.11 as of October 2, 2026. Its USD 240.39 close was USD 39.72 below the high, leaving the stock 14.2 percent under that level.
The company expects stronger earnings in steel mills and steel products, supported by pricing and volumes, while raw materials earnings are projected to decline. This makes realized steel prices, shipments and the fading one-time benefits the key figures for the October report.
October earnings date is set
Nucor plans to release its Q3 results after the market close on October 26, 2026, and discuss them during a conference call on October 27, 2026, at 10:00 a.m. ET. The earnings release will test whether higher steel pricing and stable volumes offset weaker raw-material conditions.
Nucor stock closed at USD 240.39 on the NYSE on October 2, 2026, with volume of 1,044,858 shares and a 1.87 percent daily gain.
Nucor Corp stock details
- Company: Nucor Corporation
- ISIN: US6703461052
- WKN: 851918
- Ticker: NUE
- Trading venue: NYSE
- Closing price (October 2, 2026): USD 240.39
- Market capitalization: USD 54.5 billion (as of October 5, 2026)
- 52-week range: USD 131.32-280.11 (as of October 2, 2026)
- Sector / Industry: Basic Materials / Metals and Mining
Upcoming dates for Nucor Corp stock
- October 26, 2026: Q3 2026 earnings release
- October 27, 2026: Q3 2026 earnings conference call at 10:00 a.m. ET
