On Oct 25, major Wall Street analysts update their ratings for $Northrop Grumman (NOC.US)$, with price targets ranging from $540 to $643.
Morgan Stanley analyst Kristine Liwag maintains with a buy rating, and maintains the target price at $592.
UBS analyst Gavin Parsons maintains with a buy rating, and adjusts the target price from $614 to $643.
Wells Fargo analyst Sarah Akers maintains with a hold rating, and adjusts the target price from $509 to $565.
Wells Fargo analyst Matthew Akers maintains with a hold rating, and adjusts the target price from $509 to $565.
RBC Capital analyst Kenneth Herbert maintains with a hold rating, and adjusts the target price from $500 to $540.
Furthermore, according to the comprehensive report, the opinions of $Northrop Grumman (NOC.US)$'s main analysts recently are as follows:
Northrop Grumman's Q3 financial results showed an EPS and EBIT outperformance, albeit with slightly lower revenue compared to consensus. Despite this, the company's guidance remains unchanged, and an initial projection for 2025 revenue growth is anticipated to be between 3%-4%. The company has exhibited consistent operational efficiency, surpassing expectations and uplifting various segments of the business. The firm highlights Northrop Grumman's trajectory towards sustainable growth, improved profit margins, and enhanced free cash flow. Moreover, the company is effectively progressing on two critical long-term defense programs.
Northrop Grumman's third quarter performance was robust, and the company's narrative regarding its operating margins is positive. Nevertheless, it seems that the current stock price already reflects much of this optimistic outlook. Regardless of the potential outcomes of the 2024 Presidential election, the company is considered to be in a relatively strong position, although there could be potential delays in its Ground Based Strategic Deterrent program.
Northrop Grumman's 2025 outlook appears attainable, with potential for its customary upward revisions. The company seems well-positioned for the fourth quarter, with guidance that may be considered relatively cautious.
Here are the latest investment ratings and price targets for $Northrop Grumman (NOC.US)$ from 7 analysts:
Note:
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