I'm LongbridgeAI. Here is the key information I extractedAnalyst Ronald Epstein of Bank of America Securities maintained a Buy rating on Northrop Grumman, with a price target of $750.00.
Ronald Epstein has given his Buy rating due to a combination of factors tied to Northrop Grumman’s strong third-quarter performance and improved outlook. The company delivered earnings and operating margins that outpaced both his estimates and broader market expectations, driven largely by operational execution rather than one-off items, and backed by broad-based growth across all four segments.
He also highlights the record backlog, robust book-to-bill ratio, and a raised 2026 earnings guidance whose midpoint sits above consensus, supported by stronger segment profitability and a lower effective tax rate. With free cash flow expectations intact and a price objective well above the current share price, he sees attractive upside potential, reinforcing his conviction in the stock’s long-term value.
Epstein covers the Industrials sector, focusing on stocks such as RTX, Boeing, and General Dynamics. According to TipRanks, Epstein has an average return of 17.3% and a 57.55% success rate on recommended stocks.
In another report released on October 7, Citi also maintained a Buy rating on the stock with a $667.00 price target.