• Wells Fargo analyst Timna Tanners sets a price target of $176 for Nucor Corporation (NYSE: NUE), indicating a potential upside of 9.53%.
• Nucor's fourth-quarter earnings guidance falls short of expectations, with projected EPS between $1.65 and $1.75, below the consensus estimate of $2.18.
• The company remains optimistic about 2026, driven by improving order backlogs and has continued its share repurchase program, buying back approximately 0.7 million shares in the fourth quarter.

Nucor Corporation (NYSE: NUE) is a leading steel producer in the United States, known for its innovative approach to steelmaking and its commitment to sustainability. The company operates in three main segments: steel mills, steel products, and raw materials. Nucor faces competition from other major steelmakers like Steel Dynamics, which also recently issued warnings about underperforming fourth-quarter earnings.

On December 18, 2025, Timna Tanners from Wells Fargo set a price target of $176 for Nucor, suggesting a potential price increase of approximately 9.53% from its current trading price of $160.69. However, Nucor's recent fourth-quarter earnings guidance has fallen short of analyst expectations, with projected earnings per share (EPS) between $1.65 and $1.75, below the consensus estimate of $2.18.

The anticipated decline in earnings is attributed to seasonal pressures and fewer shipping days, affecting all three of Nucor's operating segments. In the steel mills segment, earnings are expected to decrease due to lower volumes and margin compression, particularly in sheet products. The steel products segment faces challenges with lower volumes and higher average costs per ton, though improved average pricing may offer some relief.

Despite these challenges, Nucor remains optimistic about a recovery in 2026, driven by improving order backlogs. The company has continued its share repurchase program, buying back approximately 0.7 million shares in the fourth quarter at an average price of $145.23. This brings the total repurchases for the year to about 5.4 million shares, indicating confidence in its long-term prospects.

Nucor's current stock price of $160.69 reflects a decrease of 0.97% or $1.57. The stock has fluctuated between a low of $156.58 and a high of $161.68 today. Over the past year, NUE has reached a high of $168.07 and a low of $97.59. The company's market capitalization is approximately $36.78 billion, with a trading volume of 1,573,045 shares on the NYSE.