Northrop Grumman Corporation (NOC)

Northrop Grumman Stock Forecast

Stock Price Forecast

The 16 analysts with 12-month price forecasts for Northrop Grumman stock have an average target of 556.75, with a low estimate of 450 and a high estimate of 643. The average target predicts an increase of 9.82% from the current stock price of 506.95.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$450	$556.75	$565	$643
Change	-11.23%	+9.82%	+11.45%	+26.84%

Analyst Ratings

The average analyst rating for NOC stock from 16 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	2	3	3	3	4	4
Buy	2	2	2	2	2	2
Hold	8	8	8	9	9	9
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	13	14	14	15	16	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Strauss Barclays	Barclays	Hold Maintains $500 → $550	Hold	Maintains	$500 → $550	+8.49%	Oct 29, 2024
Gavin Parsons UBS	UBS	Strong Buy Maintains $614 → $643	Strong Buy	Maintains	$614 → $643	+26.84%	Oct 25, 2024
Ken Herbert RBC Capital	RBC Capital	Hold Maintains $500 → $540	Hold	Maintains	$500 → $540	+6.52%	Oct 25, 2024
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $560 → $625	Buy	Maintains	$560 → $625	+23.29%	Oct 25, 2024
Matthew Akers Wells Fargo	Wells Fargo	Hold Maintains $509 → $565	Hold	Maintains	$509 → $565	+11.45%	Oct 25, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

41.74B

Increased by 6.25%

from 39.29B

Revenue Next Year

43.26B

Increased by 3.63%

from 41.74B

EPS This Year

26.28

Increased by 94.27%

from 13.53

EPS Next Year

28.37

Increased by 7.92%

from 26.28

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	33.84B	36.80B	35.67B	36.60B	39.29B	41.74B	43.26B	45.29B
Revenue Growth	12.45%	8.74%	-3.08%	2.62%	7.34%	6.25%	3.63%	4.69%
EPS	13.22	19.03	43.54	31.47	13.53	26.28	28.37	30.00
EPS Growth	-28.50%	43.95%	128.80%	-27.72%	-57.01%	94.27%	7.92%	5.76%
Forward PE	-	-	-	-	-	19.29	17.87	16.90
No. Analysts	-	-	-	-	-	27	27	22

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	43.6B	45.5B	47.9B
Avg	41.7B	43.3B	45.3B
Low	40.3B	41.6B	43.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.9%	9.1%	10.7%
Avg	6.2%	3.6%	4.7%
Low	2.6%	-0.3%	0.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	27.55	30.71	32.71
Avg	26.28	28.37	30.00
Low	25.24	26.68	27.81

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	103.6%	16.8%	15.3%
Avg	94.3%	7.9%	5.8%
Low	86.5%	1.5%	-2.0%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.