Baird upgrades Northrop Grumman to Outperform and lifts price target to $675
Baird raised its rating on Northrop Grumman (NOC) from Neutral to Outperform on 21 Oct 2026 and increased its price target to $675, up from $550. The upgrade follows the company’s third‑quarter earnings beat, a strong backlog and multi‑year growth guidance through 2028. Baird also noted that a large charge related to the B‑21 program appears less likely in upcoming quarters.
Why it matters
Baird’s upgrade and higher price target suggest a more favorable risk/reward profile for the stock, which could attract buying interest. The company’s raised 2026 operating‑income outlook and higher EPS guidance indicate stronger earnings expectations, potentially supporting the share price.
Key facts
- 1Baird upgraded Northrop Grumman to an Outperform rating on 21 Oct 2026. marketscreener.com
- 2Baird set a new price target of $675 for the stock. marketscreener.com
- 3The previous price target was $550. finance.yahoo.com
- 4Northrop Grumman reported third‑quarter revenue of $11.1 billion, a 7 % increase year over year. finance.yahoo.com
- 5Diluted earnings per share for the quarter were $7.89, up from $7.67 a year earlier. finance.yahoo.com
- 6Baird lifted the 2026 segment operating‑income outlook to a range of $4.94 billion–$5.04 billion, up from $4.85 billion–$5.0 billion. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.