---
title: "Ronald Epstein Reiterates Buy on Northrop Grumman After Strong Q3 Beat, Record Backlog and Raised 2026 Earnings Outlook Signal Upside"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302442495.md"
description: "Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on Northrop Grumman with a $750 price target. This decision follows the company's strong Q3 earnings beat, record backlog, and raised 2026 earnings guidance. Epstein cites robust operational execution and broad-based segment growth as key drivers for the stock's upside potential."
datetime: "2026-10-20T14:15:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302442495.md)
  - [en](https://longbridge.com/en/news/302442495.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302442495.md)
generator: "portal-rs"
---

# Ronald Epstein Reiterates Buy on Northrop Grumman After Strong Q3 Beat, Record Backlog and Raised 2026 Earnings Outlook Signal Upside

Analyst 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.

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## Related News & Research

- [Northrop Grumman Publishes Q3 2026 Earnings Call Transcript](https://longbridge.com/en/news/302738418.md)
- [NOC: Record $110B backlog and strong execution underpin higher guidance and accelerating growth](https://longbridge.com/en/news/302442944.md)
- [Northrop Grumman Cuts Propulsion Tank Lead Times by Up to 50% With 3D Printing](https://longbridge.com/en/news/303608980.md)
- [Northrop Grumman Analysts Boost Their Forecasts Following Upbeat Q3 Earnings](https://longbridge.com/en/news/302573970.md)
- [RBC Capital maintains Sector Perform rating on Northrop Grumman, $550 price target](https://longbridge.com/en/news/302566934.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**