NUE Stock Forecast: Projecting an Uptrend Price Climb in 2022
This NUE stock forecast article was written by Yutong Li – Analyst at I Know First, Master's candidate at Brandeis University.
Highlights:
- NUE’s stock has grown by 96% since February 2021
- The leading steel company which effectively utilizes the method of the electric arc furnace (EAF) and strategy of mini miles in the production activity
- Profitable business with an operating margin of 11.42% and ROE of 15.76% outpacing over 82% vs the steel industry
- The target price for NUE is $110 for the coming year