RBC lifts General Dynamics price target to $400 after strong third‑quarter results
RBC Capital upgraded its price target for General Dynamics Corp. to $400 from $360, keeping a Sector Perform rating. The change follows the company's third‑quarter 2026 report showing revenue of $14.57 billion, a 12.9% year‑over‑year increase, and operating income of $1.53 billion with a 10.5% margin. Adjusted diluted earnings were $4.49 per share, beating expectations, and the firm raised its full‑year 2026 guidance. Jefferies also lifted its target to $455 after the earnings beat.
Why it matters
RBC says the higher target reflects the strength of the submarine segment and a record backlog, implying upside potential for shareholders. Jefferies' target increase reinforces the view that earnings may exceed the company's own guidance range.
Key facts
- 1RBC Capital raised its price target for General Dynamics to $400 from $360. investing.com
- 2General Dynamics reported third‑quarter 2026 revenue of $14.57 billion, up 12.9% from the prior year. investing.com
- 3Operating income for the quarter was $1.53 billion, representing a 10.5% margin. investing.com
- 4Adjusted diluted earnings per share were $4.49, above the consensus estimate of $4.12. investing.com
- 5Free cash flow in the quarter amounted to $1.23 billion. investing.com
- 6Jefferies increased its price target to $455 from $440 after the earnings beat. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.