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Northrop Grumman (NOC) Stock Forecast & Price Target

$440.10
+4.94 (+1.14%)
(As of 07/17/2024 ET)

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

Based on 14 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 14 analysts, 1 has given a sell rating, 8 have given a hold rating, and 5 have given a buy rating for NOC.

Consensus Price Target

$510.36
15.96% Upside
High Forecast$615.00
Average Forecast$510.36
Low Forecast$435.00

According to the 14 analysts' twelve-month price targets for Northrop Grumman, the average price target is $510.36. The highest price target for NOC is $615.00, while the lowest price target for NOC is $435.00. The average price target represents a forecasted upside of 15.96% from the current price of $440.10.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Hold
Hold
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)
4 Buy rating(s)
4 Buy rating(s)
7 Buy rating(s)
Hold
8 Hold rating(s)
7 Hold rating(s)
7 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$510.36$513.23$494.33$512.75
Forecasted Upside15.96% Upside10.53% Upside9.46% Upside13.03% Upside
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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
2.29
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside15.96% Upside55.18% Upside7.90% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/26/2024BTIG Research
2 of 5 stars
A. Madrid
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Initiated CoverageBuy$565.00+31.86%
6/21/2024Sanford C. Bernstein
3 of 5 stars
D. Harned
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DowngradeOutperform ➝ Market Perform$477.00+9.79%
6/18/2024Wells Fargo & Company
3 of 5 stars
 Boost Target$483.00 ➝ $518.00+20.37%
6/18/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$530.00 ➝ $500.00+16.19%
4/26/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$450.00 ➝ $475.00-0.74%
4/26/2024Susquehanna
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 Boost TargetPositive ➝ Positive$540.00 ➝ $560.00+16.32%
4/26/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$475.00 ➝ $505.00+3.44%
4/22/2024Alembic Global Advisors
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 UpgradeNeutral ➝ Overweight$532.00+15.01%
12/15/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$541.00 ➝ $473.00+2.01%
12/14/2023Wolfe Research
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 DowngradePeer Perform ➝ Underperform$450.00-7.21%
10/31/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$430.00 ➝ $435.00-7.73%
10/10/2023UBS Group
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 Initiated CoverageBuy$555.00+19.32%
7/28/2023Bank of America
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 Lower TargetBuy$655.00 ➝ $615.00+36.76%
7/28/2023Citigroup
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 Lower TargetNeutral$502.00 ➝ $485.00+8.91%
5/11/2023Barclays
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 DowngradeOverweight ➝ Equal Weight$580.00 ➝ $450.00+1.57%
4/28/202322nd Century Group
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 Reiterated RatingMaintains
4/27/2023Seaport Res Ptn
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R. Safran
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Reiterated RatingBuy
2/6/2023Credit Suisse Group
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 Lower TargetOutperform$500.00 ➝ $490.00+11.20%
1/27/2023Morgan Stanley
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 Lower TargetOverweight$626.00 ➝ $601.00+36.65%
1/27/2023Cowen
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 DowngradeOutperform ➝ Market Perform$500.00 ➝ $478.00+7.79%
1/13/2023The Goldman Sachs Group
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 DowngradeNeutral ➝ Sell$440.00 ➝ $375.00-23.15%
8/31/2022Susquehanna Bancshares
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 Boost TargetPositive$530.00 ➝ $560.00+16.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:43 AM ET.

NOC Forecast - Frequently Asked Questions

What is Northrop Grumman's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Northrop Grumman is $510.36, with a high forecast of $615.00 and a low forecast of $435.00.

Should I buy or sell Northrop Grumman stock right now?

14 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, 8 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.

Does Northrop Grumman's stock price have much upside?

According to analysts, Northrop Grumman's stock has a predicted upside of 10.92% based on their 12-month stock forecasts.

Has Northrop Grumman been upgraded or downgraded by Wall Street analysts recently?

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

What analysts cover Northrop Grumman?
Do Wall Street analysts like Northrop Grumman more than its competitors?

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.


This page (NYSE:NOC) was last updated on 7/18/2024 by MarketBeat.com Staff

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