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Northrop Grumman (NOC) Stock Forecast & Price Target

Northrop Grumman logo
$491.98 +0.96 (+0.20%)
(As of 11/20/2024 ET)
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Northrop Grumman - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 16 Analyst Ratings
Sell
1
Hold
10
Buy
5

Based on 16 Wall Street analysts who have issued ratings for Northrop Grumman in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 10 have given a hold rating, and 5 have given a buy rating for NOC.

Consensus Price Target

$550.56
11.91% Upside
According to the 16 analysts' twelve-month price targets for Northrop Grumman, the average price target is $550.56. The highest price target for NOC is $643.00, while the lowest price target for NOC is $450.00. The average price target represents a forecasted upside of 11.91% from the current price of $491.98.
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NOC Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24		1 Month Ago
10/23/23 to 10/22/24		3 Months Ago
8/24/23 to 8/23/24		1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
8 Buy rating(s)
Hold
10 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$550.56$535.00$521.33$500.20
Forecasted Upside11.91% Upside2.82% Upside2.35% Upside6.10% Upside
Consensus Rating
Hold
Hold
Hold
Hold

NOC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NOC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Northrop Grumman Stock vs. The Competition

TypeNorthrop GrummanAerospace CompaniesS&P 500
Consensus Rating Score
2.25
2.66
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside11.91% Upside118.58% Upside9.83% Upside
News Sentiment Rating
Positive News

See Recent NOC News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/29/2024Barclays
3 of 5 stars		 Boost TargetEqual Weight ➝ Equal Weight$500.00 ➝ $550.00+7.39%
10/25/2024UBS Group
4 of 5 stars		 Boost TargetBuy ➝ Buy$614.00 ➝ $643.00+23.81%
10/25/2024Royal Bank of Canada
4 of 5 stars		 Boost TargetSector Perform ➝ Sector Perform$500.00 ➝ $540.00+3.77%
10/25/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetPositive ➝ Positive$560.00 ➝ $625.00+19.49%
10/25/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetEqual Weight ➝ Equal Weight$509.00 ➝ $565.00+7.89%
10/14/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$500.00 ➝ $560.00+5.69%
10/10/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$521.00 ➝ $587.00+11.37%
10/8/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		G. Khanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold
8/27/2024Alembic Global Advisors
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOverweight ➝ Neutral$560.00+9.36%
8/9/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$579.00 ➝ $592.00+20.48%
7/29/2024Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$474.00 ➝ $575.00+19.72%
6/26/2024BTIG Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		A. Madrid
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageBuy$565.00+31.86%
6/21/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		D. Harned
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeOutperform ➝ Market Perform$477.00+9.79%
6/18/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetHold ➝ Hold$530.00 ➝ $500.00+16.19%
4/26/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$475.00 ➝ $505.00+3.44%
12/14/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradePeer Perform ➝ Underperform$450.00-7.21%
7/28/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy$655.00 ➝ $615.00+36.76%
4/28/202322nd Century Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
4/27/2023Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating		R. Safran
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated RatingBuy
2/6/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$500.00 ➝ $490.00+11.20%
1/27/2023Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Market Perform$500.00 ➝ $478.00+7.79%
1/13/2023The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeNeutral ➝ Sell$440.00 ➝ $375.00-23.15%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:57 AM ET.


Should I Buy Northrop Grumman Stock? NOC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Northrop Grumman pros and cons to contact@marketbeat.com.

Northrop Grumman
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Northrop Grumman Co.:

  • Northrop Grumman Co. has been consistently increasing its stock price, showing positive growth potential for investors.
  • Institutional investors, such as Gulf International Bank UK Ltd, have significantly increased their stakes in Northrop Grumman Co., indicating confidence in the company's future performance.
  • The company's Aeronautics Systems segment continues to design, develop, and integrate advanced aircraft systems, positioning Northrop Grumman Co. as a leader in the aerospace and defense technology sector.
  • Insiders have been actively selling shares, which could be seen as a positive sign as they may believe the stock is currently overvalued, potentially leading to a correction and better entry points for investors.
  • Northrop Grumman Co. has a strong presence both domestically and internationally, diversifying its revenue streams and reducing geopolitical risks for investors.

Northrop Grumman
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Northrop Grumman Co. for these reasons:

  • Recent insider selling activities, including by the vice president, may raise concerns about the company's future performance or potential challenges ahead.
  • While institutional investors have increased their stakes, there is a possibility of market saturation in the aerospace and defense industry, leading to heightened competition and potential margin pressures for Northrop Grumman Co.
  • Market volatility and geopolitical uncertainties could impact Northrop Grumman Co.'s operations and financial performance, affecting investor returns.
  • The company's heavy reliance on government contracts exposes it to regulatory changes and budget fluctuations, which could impact its revenue and profitability.
  • Investors should carefully monitor the company's financial reports and disclosures for any signs of operational challenges or risks that could affect the stock price.

NOC Forecast - Frequently Asked Questions

According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for Northrop Grumman is $550.56, with a high forecast of $643.00 and a low forecast of $450.00.

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Northrop Grumman in the last year. There is currently 1 sell rating, 10 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" NOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NOC, but not buy additional shares or sell existing shares.

According to analysts, Northrop Grumman's stock has a predicted upside of 11.91% based on their 12-month stock forecasts.

Over the previous 90 days, Northrop Grumman's stock had 1 upgrade and 1 downgrade by analysts.

Northrop Grumman has been rated by research analysts at Alembic Global Advisors, Barclays, Citigroup, JPMorgan Chase & Co., Royal Bank of Canada, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.

Analysts like Northrop Grumman less than other "aerospace" companies. The consensus rating for Northrop Grumman is Hold while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how NOC compares to other companies.

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This page (NYSE:NOC) was last updated on 11/21/2024 by MarketBeat.com Staff
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