Nucor stock: JPMorgan cuts target for Nucor stock to USD 296.00

Published on 10/19/2026 at 16:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nucor revenue was USD 10.40 billion in the second quarter. Nucor stock costs EUR 230.60 on October 19, 2026, down 0.77 percent versus the Tradegate close.

Analyst target and price position

JPMorgan lowered its Nucor target from USD 308.00 to USD 296.00 on October 9, 2026.
Nucor reported USD 10.40 billion in revenue for the second quarter of 2026.
Nucor stock costs EUR 230.60 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST, minus 0.77 percent versus the Tradegate close of October 16, 2026.
Nucor had a P/E ratio of 20.66 and a market capitalization of USD 58.5 billion on October 19, 2026.

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JPMorgan lowered its Nucor price target from USD 308.00 to USD 296.00 on October 9, 2026, while keeping an Overweight rating, according to MarketBeat. The target stands 14.89 percent above the USD 257.64 NYSE price quoted on October 19, 2026 at 10:23 a.m. ET. Nucor stock was trading at EUR 230.60 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST, minus 0.77 percent versus the Tradegate close of October 16, 2026.

Revenue supports the earnings picture

Nucor reported USD 10.40 billion in revenue for the second quarter of 2026, up 23.00 percent from the year-earlier period, according to MarketBeat. Earnings per share came to USD 4.84, compared with consensus of USD 4.46. The 23.00 percent revenue increase and the USD 0.38 earnings-per-share beat give the valuation discussion a concrete operating anchor.

Price stays below yearly high

The NYSE price was USD 257.64 at 10:23 a.m. ET on October 19, 2026, against a 52-week range of USD 133.78 to USD 280.11. It stood 8.02 percent below the high, while volume reached 165,557 shares against an average of 1,342,645 shares.

Valuation and peer levels

Nucor had a market capitalization of USD 58.5 billion and a P/E ratio of 20.66 on October 19, 2026. The JPMorgan target of USD 296.00 therefore sits above the live NYSE price, while the euro quotation remains below its October 16 German-market close.

Comparison with peers

Nucor Corp: minus 0.77 percent, P/E 20.66, market capitalization USD 58.5 billion.

Steel Dynamics (NYSE, USD): plus 0.38 percent, P/E 21.97, market capitalization USD 34.6 billion.

Commercial Metals Company (NYSE, USD): minus 1.29 percent, P/E 10.95, market capitalization USD 7.1 billion.

German-market price reference

The euro quotation was EUR 230.60 at Lang & Schwarz on October 19, 2026 at 4:10 p.m. CEST, or 0.77 percent below the Tradegate close of October 16, 2026. The 52-week NYSE high was USD 280.11, leaving the primary-market price 8.02 percent below that level. The further course of trading is shown by the continuously updated real-time quote of Nucor Corp stock.