Baird raises target for Northrop Grumman stock from USD 550.00 to USD 675.00

Published on 10/23/2026 at 10:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter sales rose 7.00 percent to USD 11.12 billion on October 20, 2026. Northrop Grumman stock trades at EUR 490.00.

Guidance and market context

Baird lifted its Northrop Grumman target from USD 550.00 to USD 675.00 on October 21, 2026.
Third-quarter sales rose 7.00 percent to USD 11.12 billion for the period ended September 30, 2026.
Northrop Grumman stock trades at EUR 490.00 at 10:36 a.m. CEST at Lang & Schwarz on October 23, 2026.

Militärjet und Radarturm auf Wüstenflugplatz bei Sonnenuntergang — Northrop Grumman US6668071029 zeigt generischen Militärjet neben Radaranlage bei Sonnenuntergang auf Wüstenflugplatz, Illustration mit AI erstellt.

Northrop Grumman (ISIN US6668071029) became the subject of a sharper analyst call on October 21, 2026, when Baird upgraded the stock to Outperform and raised its target from USD 550.00 to USD 675.00, according to TipRanks. The call followed Northrop Grumman's third-quarter results and its higher 2026 earnings outlook.

Results reset the outlook

Northrop Grumman reported third-quarter 2026 sales of USD 11.122 billion, up 7.00 percent from USD 10.423 billion a year earlier, in the release dated October 20, 2026. Diluted earnings per share reached USD 7.89, compared with USD 7.67 in the third quarter of 2025, while operating income increased 2.00 percent to USD 1.269 billion, according to Northrop Grumman.

The company raised its 2026 MTM-adjusted earnings-per-share guidance from USD 28.60-29.10 to USD 29.35-29.75. Its segment operating income range also moved from USD 4.850-5.000 billion to USD 4.940-5.040 billion, while sales guidance stayed at USD 43.750-44.250 billion.

What does the backlog mean?

The order book gives the guidance change a measurable foundation. Net awards reached USD 16.4 billion in the third quarter, and backlog stood at USD 109.6 billion on September 30, 2026. The book-to-bill ratio was 1.50, pointing to orders running ahead of recognized sales.

Three dates frame the move

On September 17, 2026, Northrop Grumman announced that it would publish third-quarter results on October 20, 2026. On October 20, the company reported USD 11.122 billion in quarterly sales and raised its outlook. On October 21, Baird moved its target to USD 675.00 from USD 550.00.

Stock context after the results

The primary listing is on the NYSE under ticker NOC. The stock was last at USD 552.35 on the NYSE on October 22, 2026 at 4:00 p.m. ET, with a 52-week range of USD 470.06 to USD 774.00 and a market capitalization of USD 78.5 billion as of that date. The range leaves the analyst target above the latest US-market price, but the target and the euro quote use different currencies and are not combined.

At Lang & Schwarz, Northrop Grumman stock was trading at EUR 490.00 on October 23, 2026 at 10:36 a.m. CEST. The price reflects the current German-market indication while the latest company catalysts remain the raised guidance, the USD 109.6 billion backlog and the Baird upgrade. The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.