Key Highlights:
- Nucor Corp (NUE, Financial) faces a temporary production halt due to a cybersecurity breach.
- Analyst consensus suggests a significant potential upside for NUE shares.
- GuruFocus estimates indicate the stock is undervalued with promising future returns.
Nucor Corp (NUE) has temporarily halted production at selected steel plants as the company grapples with a cybersecurity incident leading to unauthorized access to its IT infrastructure. Taking immediate action, Nucor is collaborating with cybersecurity experts and relevant authorities to not only restore operations but also to bolster its security protocols moving forward.
Wall Street Analysts Forecast
A panel of 12 analysts have provided a one-year price target analysis for Nucor Corp (NUE, Financial), setting an average target price of $138.07. The price predictions range from a high of $175.00 to a low of $39.00. With the current trading price at $118.96, this average target outlines a potential upside of 16.06%. For a comprehensive breakdown of these forecasts, please visit the Nucor Corp (NUE) Forecast page.
Additionally, based on expert evaluations from 16 brokerage firms, Nucor Corp (NUE, Financial) earns an "Outperform" rating with an average brokerage recommendation of 2.3. This recommendation scale spans from 1 to 5, where 1 is a Strong Buy and 5 represents a Sell.
According to GuruFocus evaluations, the estimated GF Value for Nucor Corp (NUE, Financial) in the coming year stands at $146.78. This estimate implies a robust upside of 23.39% from the present stock price of $118.96. The GF Value is formulated considering historical trading multiples, past business growth, and predictions of future business performance. For a deeper insight, refer to the Nucor Corp (NUE) Summary page.
