JPMorgan cuts target for Steel Dynamics stock to USD 260
Published on 10/18/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget revisions shape the setup
- JPMorgan cut its Steel Dynamics target to USD 260 on October 9, 2026.
- Third-quarter results are scheduled for October 19, 2026, after market close.
- Steel Dynamics stock was last quoted at EUR 203.50 at Tradegate on September 28, 2026.
JPMorgan cut its Steel Dynamics stock price target from USD 272 to USD 260 while retaining a Neutral rating on October 9, 2026, according to MarketBeat. The revision arrives before the company's scheduled third-quarter report.
Results arrive October 19
Steel Dynamics will release third-quarter 2026 results after market close on October 19, 2026, and hold its earnings call on October 20, 2026. The company announced the schedule in an October 8, 2026 release carried by Steel Dynamics.
The latest reported second-quarter figures were USD 6.09 billion in revenue and USD 3.69 in earnings per share, according to MarketBeat. Revenue was 33.4 percent higher than in the same quarter a year earlier, giving the upcoming release a demanding comparison base.
What does the target cut mean?
The reduced USD 260 target still stood 8.09 percent above the USD 240.54 last price on Nasdaq at 4:00 p.m. ET on October 16, 2026. JPMorgan's change therefore trims the valuation ceiling without removing the gap between the last US quote and its revised objective. Steel Dynamics also guided for third-quarter diluted earnings per share of USD 5.34-5.38 on September 17, 2026, while the October 16 consensus cited by Zacks was USD 5.42.
Three recent dates and figures
On September 17, 2026, Steel Dynamics issued diluted earnings per share guidance of USD 5.34-5.38 for the third quarter, as reported by Barchart. On October 8, 2026, the company scheduled its results for October 19, 2026. On October 9, 2026, JPMorgan reduced its target from USD 272 to USD 260.
Dates investors can mark
The next two company dates are October 19, 2026, for the third-quarter results, and October 20, 2026, for the earnings call at 11:00 a.m. ET, according to the company's release. The schedule makes the guidance-versus-consensus gap the immediate test for the stock's valuation.
Stock stays below its yearly high
Steel Dynamics had a USD 34.5 billion market capitalization and a USD 144.78 to USD 288.74 52-week range in the latest market snapshot. The USD 240.54 last Nasdaq quote was 16.69 percent below the 52-week high, while the revised JPMorgan target is 8.09 percent above that quote.
Steel Dynamics euro quote
The last available euro quotation stood at EUR 203.50 at Tradegate on September 28, 2026 at 1:58 p.m. CEST. Steel Dynamics is listed on Nasdaq under STLD, and its operations span steel production, metals recycling, steel fabrication and aluminum.
The further course of trading is shown by the continuously updated real-time quote of Steel Dynamics stock.
Steel Dynamics stock facts
- Company: Steel Dynamics, Inc.
- ISIN: US8581191009
- Ticker: STLD
- Primary exchange: Nasdaq
- Last euro quotation: EUR 203.50 at Tradegate on September 28, 2026 at 1:58 p.m. CEST
- Market capitalization: USD 34.5 billion (as of October 16, 2026)
- 52-week range: USD 144.78-288.74 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Steel
Market context: Market report S&P 500.
