Morgan Stanley analyst Carlos De Alba maintained a Buy rating on Nucor today and set a price target of $165.00.
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Carlos De Alba has given his Buy rating due to a combination of factors including the recent update in Nucor’s earnings estimates and the strategic impact of tariffs on steel imports. The updated estimates reflect a slight decrease in expected EBITDA for the fourth quarter of 2025, yet the overall outlook remains positive with a price target increase from $152 to $165 per share.
The continuation of 50% tariffs on steel imports has effectively shielded the domestic steel industry, allowing Nucor to gain market share despite a subdued demand environment. This protective measure has led to a higher forecast for steel prices, which supports Nucor’s competitive position. Although there are potential risks from ongoing muted demand and possible trade agreements with Canada and Mexico, the structural protections in place are expected to persist, bolstering Nucor’s market standing.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a $165.00 price target.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NUE in relation to earlier this year.