Northrop Grumman Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for Northrop Grumman stock have an average target of 487.55, with a low estimate of 435 and a high estimate of 615. The average target predicts an increase of 7.75% from the current stock price of 452.50.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$435	$487.55	$473	$615
Change	-3.87%	+7.75%	+4.53%	+35.91%

* Price targets were last updated on Jan 26, 2024.

Analyst Ratings

The average analyst rating for NOC stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	3	2	2	2	2	2
Buy	4	3	2	2	2	1
Hold	6	7	9	9	9	7
Sell	0	1	1	1	1	1
Strong Sell	1	1	0	0	0	0
Total	14	14	14	14	14	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Charles Minervino Susquehanna	Susquehanna	Buy Maintains $560 → $540	Buy	Maintains	$560 → $540	+19.34%	Jan 26, 2024
Peter Arment Baird	Baird	Hold Maintains $505 → $475	Hold	Maintains	$505 → $475	+4.97%	Jan 26, 2024
Ken Herbert RBC Capital	RBC Capital	Buy → Hold Downgrades $515 → $450	Buy → Hold	Downgrades	$515 → $450	-0.55%	Jan 26, 2024
Peter Arment Baird	Baird	Buy → Hold Downgrades $505	Buy → Hold	Downgrades	$505	+11.60%	Jan 16, 2024
Scott Deuschle Deutsche Bank	Deutsche Bank	Strong Buy → Hold Downgrades $541 → $473	Strong Buy → Hold	Downgrades	$541 → $473	+4.53%	Dec 15, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

41.50B

from 39.29B

5.63%

from 39.29B

Revenue Next Year

43.72B

from 41.50B

5.34%

from 41.50B

EPS This Year

24.90

from 13.53

84.03%

from 13.53

EPS Next Year

27.88

from 24.90

11.98%

from 24.90

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	33.84B	36.80B	35.67B	36.60B	39.29B	41.50B	43.72B	46.09B	48.53B	49.05B
Revenue Growth	12.45%	8.74%	-3.08%	2.62%	7.34%	5.63%	5.34%	5.42%	5.31%	1.06%
EPS	13.22	19.03	43.54	31.47	13.53	24.90	27.88	29.75	31.51	29.43
EPS Growth	-28.50%	43.95%	128.80%	-27.72%	-57.01%	84.03%	11.98%	6.70%	5.93%	-6.61%
No. Analysts	-	-	-	-	-	24	24	16	5	2

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	43.5B	46.8B	49.9B	51.5B	51.0B
Avg	41.5B	43.7B	46.1B	48.5B	49.0B
Low	40.0B	41.7B	43.5B	46.2B	47.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	10.7%	12.7%	14.1%	11.8%	5.1%
Avg	5.6%	5.3%	5.4%	5.3%	1.1%
Low	1.9%	0.4%	-0.5%	0.3%	-1.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	26.50	30.24	33.92	37.38	30.60
Avg	24.90	27.88	29.75	31.51	29.43
Low	23.18	26.07	27.29	26.92	28.56

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	95.9%	21.4%	21.6%	25.6%	-2.9%
Avg	84.0%	12.0%	6.7%	5.9%	-6.6%
Low	71.3%	4.7%	-2.1%	-9.5%	-9.4%

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.