Truist has increased its price target for Northrop Grumman (NOC, Financial) to $600 from a previous target of $545, while maintaining a Buy rating for the company's shares. This adjustment is part of a broader analysis ahead of the first-quarter earnings reports within the Aerospace & Defense industry.
The industry faces a complex set of challenges, including uncertainties around future outlooks for 2025. These challenges are compounded by tariff impacts and fears of an economic recession, which are expected to influence companies in this cyclical sector. Despite these concerns, the defense industry presents a relatively stable and predictable opportunity for investors.
Truist emphasizes that defense spending developments are creating a favorable environment for the sector, suggesting that investors may benefit from focusing on defense stocks like Northrop Grumman. As investors navigate these uncertain times, the company stands out for its perceived stability within the broader market dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Northrop Grumman Corp (NOC, Financial) is $558.87 with a high estimate of $625.00 and a low estimate of $492.08. The average target implies an upside of 3.97% from the current price of $537.51. More detailed estimate data can be found on the Northrop Grumman Corp (NOC) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Northrop Grumman Corp's (NOC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Northrop Grumman Corp (NOC, Financial) in one year is $558.36, suggesting a upside of 3.88% from the current price of $537.51. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Northrop Grumman Corp (NOC) Summary page.
