NUE Price Prediction Next Week
Technical Analysis: Based on recent price action, NUE has shown a clear downward trend, with the stock closing at $135.27 on Friday, February 21, 2025, marking a significant -3.37% decline during regular trading hours . The stock has experienced increased selling pressure.
News Impact: Several key developments are affecting NUE's price movement:
- Recent earnings miss and disappointing guidance due to lower steel prices
- Dividend declaration of $0.55 per share announced on February 18
- New tariffs on steel imports announced, which could potentially benefit domestic producers
Price Forecast for Next Week: Based on technical indicators and recent news sentiment:
Target Price Ranges:
- Support Level: $132-133
- Resistance Level: $138-140
Expected price movement scenarios:
- Bearish Case (60% probability): $130-132
- Base Case (30% probability): $134-136
- Bullish Case (10% probability): $137-139
Recommendation: SELL Rationale:
- Negative momentum from earnings miss
- Weakening technical indicators
- Despite potential benefits from new tariffs, near-term pressure from lower steel prices likely to persist
- Morgan Stanley recently cut price target to $154 from $166
The stock is showing signs of continued weakness in the short term, suggesting better entry points may emerge in the coming weeks. Current technical setup and fundamental headwinds indicate higher probability of testing lower support levels next week.
NUE Similar Chart Price Prediction
The price of NUE is predicted to go up -0.12%, based on the high correlation periods with IIM. The similarity of these two price pattern on the periods is 97.61%.
NUE
IIM
Down: -0.12%Similarity: 97.61%
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NUE Analyst's Forecast
Christopher LeFemina
Jefferies
Hold
2025-01-29
Price Target
$125 → $135
Upside
+1.35%
Jefferies analyst Christopher LaFemina raised the firm's price target on Nucor to $135 from $125 and keeps a Hold rating on the shares. The company's Q4 earnings significantly beat its revised guidance, largely due to resilient earnings in the Steel Products segment and higher than expected volumes in the Raw Materials segment, the analyst tells investors in a research note. The firm increased the price target to reflect higher estimates based on Nucor's updated guidance and commentary, but cites the company's relative free cash flow trajectory and acquisition possibilities for the Hold rating.
Bill Peterson
JP Morgan
Buy
2025-01-17
Price Target
$168 → $152
Upside
+24.53%
Christopher LeFemina
Jefferies
Hold
2025-01-06
Price Target
$150 → $125
Upside
+3.63%
