Nippon Steel Corporation’s stock outlook has strengthened after analysts raised the company’s average 12-month price target from JPY 676 to JPY 680.91 per share.Based on the stock’s closing price on July 24, the revised target indicates potential upside of around 10%, reflecting steady confidence in the Japanese steelmaker’s market performance.

Estimates from 11 analysts currently range between JPY 470 and JPY 840 per share, highlighting differing expectations surrounding the company’s future earnings, steel demand and broader market conditions.

The overall analyst consensus remains “Buy”. Among 12 analysts covering Nippon Steel stock, eight have issued Buy ratings, three recommend holding the shares and one has given a Sell rating.The upward revision may support investor sentiment as market participants continue to monitor global steel prices, raw material costs, infrastructure demand and developments across Japan’s steel industry. However, future share performance will depend on operating results and changing economic conditions.