Northrop Grumman Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for Northrop Grumman stock have an average target of 503.69, with a low estimate of 435 and a high estimate of 615. The average target predicts an increase of 15.01% from the current stock price of 437.94.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$435	$503.69	$485	$615
Change	-0.67%	+15.01%	+10.75%	+40.43%

Analyst Ratings

The average analyst rating for NOC stock from 14 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	2	2	3	3
Buy	2	2	2	2	2	2
Hold	9	9	8	8	8	8
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	14	14	13	13	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Andre Madrid BTIG	BTIG	Strong Buy Initiates $565	Strong Buy	Initiates	$565	+29.01%	Jun 26, 2024
Douglas Harned Bernstein	Bernstein	Buy → Hold Downgrades $477	Buy → Hold	Downgrades	$477	+8.92%	Jun 21, 2024
Matthew Akers Wells Fargo	Wells Fargo	Hold Maintains $483 → $518	Hold	Maintains	$483 → $518	+18.28%	Apr 30, 2024
Ken Herbert RBC Capital	RBC Capital	Hold Maintains $450 → $475	Hold	Maintains	$450 → $475	+8.46%	Apr 26, 2024
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $540 → $560	Buy	Maintains	$540 → $560	+27.87%	Apr 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

41.52B

from 39.29B

5.68%

from 39.29B

Revenue Next Year

43.54B

from 41.52B

4.85%

from 41.52B

EPS This Year

25.03

from 13.53

85.02%

from 13.53

EPS Next Year

27.77

from 25.03

10.94%

from 25.03

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	33.84B	36.80B	35.67B	36.60B	39.29B	41.52B	43.54B	45.76B	48.04B	50.11B
Revenue Growth	12.45%	8.74%	-3.08%	2.62%	7.34%	5.68%	4.85%	5.10%	4.99%	4.31%
EPS	13.22	19.03	43.54	31.47	13.53	25.03	27.77	29.65	31.81	34.29
EPS Growth	-28.50%	43.95%	128.80%	-27.72%	-57.01%	85.02%	10.94%	6.77%	7.28%	7.80%
Forward PE	-	-	-	-	-	17.49	15.77	14.77	13.77	12.77
No. Analysts	-	-	-	-	-	25	25	18	5	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	43.6B	46.5B	49.6B	51.2B	54.3B
Avg	41.5B	43.5B	45.8B	48.0B	50.1B
Low	40.1B	41.7B	42.8B	45.7B	47.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.0%	12.0%	14.0%	12.0%	13.1%
Avg	5.7%	4.9%	5.1%	5.0%	4.3%
Low	2.1%	0.5%	-1.7%	-0.0%	-1.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	26.28	30.24	33.92	35.64	38.79
Avg	25.03	27.77	29.65	31.81	34.29
Low	24.06	25.87	27.13	28.85	30.42

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	94.2%	20.8%	22.1%	20.2%	21.9%
Avg	85.0%	10.9%	6.8%	7.3%	7.8%
Low	77.8%	3.4%	-2.3%	-2.7%	-4.4%

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.