Northrop Grumman Analysts Boost Their Forecasts Following Upbeat Q3 Earnings
Avi Kapoor 1 week ago
MarketsTrading IdeasNewsAnalyst RatingsPrice TargetEarnings
Northrop Grumman beats Q3 EPS estimates, raises FY26 guidance, and analysts lift price targets; Baird upgrades shares to Outperform.
Northrop Grumman Corporation (NYSE:NOC) on Tuesday reported better-than-expected third-quarter earnings and raised its FY26 adjusted EPS guidance.
Northrop Grumman reported quarterly earnings of $7.89 per share which beat the analyst consensus estimate of $7.18 per share. The company reported quarterly sales of $11.122 billion which missed the analyst consensus estimate of $11.140 billion.
Northrop Grumman raised its FY2026 adjusted EPS guidance from $28.60-$29.10 to $29.35-$29.75.
Northrop Grumman shares rose 0.8% to $538.50 in pre-market trading.
These analysts made changes to their price targets on Northrop Grumman following earnings announcement.
- Baird analyst Peter Arment upgraded the stock from Neutral to Outperform and raised the price target from $550 to $675.
- RBC Capital analyst Ken Herbert maintained the stock with a Sector Perform and raised the price target from $525 to $550.
- Guggenheim analyst Michael Ciarmoli maintained the stock with a Buy and raised the price target from $612 to $640.
Considering buying NOC stock? Here’s what analysts think:
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