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NUE

Nucor Corp

NYSE: NUE · BASIC MATERIALS · STEEL

$225.29
+1.30% today

Updated 2026-04-30

Market cap
$50.65B
P/E ratio
22.08
P/S ratio
1.48x
EPS (TTM)
$10.07
Dividend yield
0.99%
52W range
$105 – $227
Volume
1.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Nucor Corp (NUE) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$225.29
Consensus
$179.45
-20.35%
2030 Target
$2,155.75
+856.88%
DCF
$177.09
-9.79% MoS
18 analysts:
9 Buy5 Hold0 Sell

Management guidance

No specific CEO revenue targets found in provided data. Management has emphasized strong Q1 2026 performance with higher selling prices and volumes in steel mills segment, and is investing in strategic growth (South Carolina mill expansion). Recent guidance indicates backlogs and pricing strength supporting 2026 performance, but no explicit multi-year revenue targets disclosed.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$3,587.17
$40.9B Rev × 20x P/S
Base case (2030)
$2,155.75
$40.9B Rev × 12x P/S
Bear case (2030)
$1,431.42
$40.9B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$34.7B$30.7B$32.5B$36.4B$38.0B$39.2B$40.1B$40.9B
Revenue growth—-11.5%5.7%12.1%4.2%3.3%2.3%2.0%
EPS$17.99$8.41$7.54$12.13$13.57$14.50$15.10$15.60
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$1,914.31$2,000.54$2,069.52$2,104.01$2,155.75

Catalysts & risks

Growth catalysts
+ U.S. steel tariffs constraining imports and supporting domestic pricing power through 2026-2027
+ Infrastructure spending and non-residential construction demand from federal spending programs
+ South Carolina mill expansion and strategic capex initiatives driving capacity and margins
+ Strong backlog and order book supporting Q1-Q2 2026 revenue growth
+ Margin expansion from pricing strength and operational efficiency gains
Key risks
- Trump tariff policy reversal could reduce import barriers and pressure domestic pricing
- Cyclical downturn in construction and manufacturing demand if recession occurs
- Overcapacity in global steel markets pressuring margins beyond 2027
- Energy cost volatility impacting production costs
- Economic sensitivity: steel demand correlates with GDP growth and capex cycles

Methodology

Nucor Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.