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NOC

Northrop Grumman Corporation

NYSE: NOC · INDUSTRIALS · AEROSPACE & DEFENSE

$572.41
-0.94% today

Updated 2026-04-29

Market cap
$81.68B
P/E ratio
18.02
P/S ratio
1.93x
EPS (TTM)
$31.92
Dividend yield
1.57%
52W range
$446 – $774
Volume
0.9M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Northrop Grumman Corporation (NOC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$572.41
Consensus
$689.76
+20.50%
2030 Target
$816.00
+42.56%
DCF
$419.98
-61.63% MoS
17 analysts:
6 Buy6 Hold0 Sell

Management guidance

No specific CEO revenue targets disclosed in provided data. Latest guidance shows FY2026 revenue of $44.31B (5.63% growth) and FY2027 revenue of $47.00B (6.05% growth) based on analyst consensus. Company benefiting from increased defense spending, missile production expansion, and space/hypersonic programs.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$11,474.80
$56.2B Rev × 29x P/S
Base case (2030)
$816.00
$56.2B Rev × 22x P/S
Bear case (2030)
$5,935.24
$56.2B Rev × 15x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$39.3B$41.0B$42.0B$44.3B$47.0B$50.1B$53.4B$56.2B
Revenue growth—4.4%2.2%5.6%6.0%6.6%6.6%6.2%
EPS$23.29$26.07$26.37$28.27$30.24$32.45$34.71$37.10
P/S ratio———12.0x12.0x12.0x12.0x22.0x
Implied price———$3,723.25$4,004.25$4,215.00$4,496.00$816.00

Catalysts & risks

Growth catalysts
+ Trump administration defense spending expansion and 'Arsenal of Freedom' strategy driving production increases across missile and hypersonic programs
+ Iran-U.S. geopolitical tensions and Middle East escalation creating sustained demand for advanced weapons systems and space-based missile defense
+ Space Development Agency (SDA) Tranche 3 satellite programs and NASA Artemis II mission driving growth in space systems and advanced technologies
+ Government contract backlog and multi-year funding commitments providing revenue visibility through 2030+
+ Quadrupling of 'Exquisite Class' weaponry production agreed by defense primes with Trump administration in March 2026
Key risks
- Program cost overruns and fixed-price contract exposure reducing margins despite top-line growth
- Supply chain constraints limiting ability to scale production despite strong demand
- Insider selling signals (recent director stock transactions) may indicate valuation concerns at current levels
- DCF valuation models suggest 31% overvaluation at $702.50, creating downside risk if growth disappoints
- Political risk: changes in administration defense priorities or budget constraints could reduce government spending
- High leverage with Debt/Equity of 1.07 limits financial flexibility in economic downturn

Methodology

Northrop Grumman Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.