Wall Street Zen upgrades Nucor stock to Strong Buy
Published on 10/05/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Wall Street Zen upgraded Nucor from Buy to Strong Buy in a note issued on October 4, 2026, as MarketBeat reported. Nucor stock was trading at EUR 214.10 at Lang & Schwarz on October 5, 2026, up plus 0.23 percent from the EUR 213.60 prior close.
Analyst stance turns more positive
The upgrade adds a fresh bullish signal around a steel producer whose next earnings update is scheduled for October 26, 2026. MarketBeat cited 13 Buy ratings, four Holds and an average USD 276.07 price target, while its report put Nucor's market capitalization at USD 54.52 billion on October 3, 2026.
The analyst view contrasts with the company's near-term earnings hurdle. Nucor's third-quarter outlook calls for USD 5.55-5.65 in earnings per diluted share, compared with USD 5.04 of net earnings per diluted share in the second quarter of 2026, according to the company's September 17, 2026 release.
Guidance points to mixed divisions
Nucor said higher average selling prices and stable volumes should lift its Steel Mills results in the third quarter of 2026. Steel Products should benefit from higher volumes and realized pricing, while Raw Materials earnings are expected to decline because of lower pricing and shipments, according to Nucor.
The comparison with the prior year is substantial: Nucor reported USD 2.63 in earnings per diluted share for the third quarter of 2025. At the same time, the second quarter of 2026 included a USD 61 million non-cash pretax benefit linked to the valuation of its Helion investment, a factor that will not repeat in the third quarter.
Stock remains below its yearly high
Nucor's primary listing is the NYSE, where the stock was last quoted at USD 240.39 on October 2, 2026 at 4:00 p.m. ET. The USD 131.32 to USD 280.11 52-week range puts the latest primary-market quote below its yearly high, while the Lang & Schwarz euro quote provides the relevant German trading reference.
For investors, the key tension is clear: the analyst upgrade supports the valuation case, but the USD 5.55-5.65 third-quarter outlook remains below the USD 6.20 consensus cited by Investing.com. That gap makes the October 26 results date the next concrete test for the revised analyst optimism.
October 26 results set the next test
Nucor's third-quarter results are due after the markets close on October 26, 2026, followed by a conference call on October 27, 2026 at 10:00 a.m. ET. The further course of trading is shown by the continuously updated real-time quote of Nucor Corp stock.
Nucor Corp stock at a glance
- Company: Nucor Corporation
- ISIN: US6703461052
- Ticker: NUE
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026, 12:12 p.m. CEST: EUR 214.10
- Change versus prior close: plus 0.23 percent
- Prior close Lang & Schwarz (October 2, 2026): EUR 213.60
- Market capitalization: USD 54.7 billion (as of October 2, 2026)
- 52-week range: USD 131.32-280.11 (as of October 2, 2026)
- Sector / Industry: Basic Materials / Steel
- Next earnings date: October 26, 2026
