Citigroup Rates Northrop Grumman (NOC) buy, $587 Price Target

Citigroup maintains its buy rating for Northrop Grumman with a price target of $587, a 15.25% upside from the current price.

By EarningsIQ Research Desk · Published Jul 1, 2026, 12:01 PM EDT · Updated Jul 1, 2026, 3:01 PM EDT

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Citigroup rated Northrop Grumman Corporation ($NOC) "buy" with a $587 price target on July 1, 2026.

Since the rating, $NOC is up 4.8% after 1 week, up 4.3% after 1 month and up 0.4% to date (from the $517.60 close on Jul 1, 2026).

NOC Northrop Grumman Corporation

$519.86 -10.15% year to date

Daily close · Oct 16, 2026

Key Points

Citigroup analyst John Godyn maintained a buy rating on Northrop Grumman with a $587 price target as of July 1, 2026.
Citigroup's $587 price target implies 15.25% upside from Northrop Grumman Corporation's ($NOC) current $509.31 share price.
Northrop Grumman shares were trading at $509.31 on Wednesday, with a market cap of approximately $72.3 billion.
Northrop Grumman operates in Aerospace & Defense, with recent insider buying activity and diverse institutional interest.

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Citigroup analyst John Godyn reiterated his buy rating on Northrop Grumman Corporation (NYSE:NOC) on July 1, 2026, with a price target set at $587. This reflects continued confidence in the aerospace and defense giant's performance and prospects.

Analyst rating track record

Citigroup vs. the S&P 500

YTD return -0.57% hypothetical

All-time return +34.65% S&P 500 +31.54%

vs. S&P 500 +3.11% ahead of the index

Hypothetical returns from Citigroup's disclosed trades, not real profit or advice. How we model this.

Northrop Grumman Corporation Stock Up 2.7%

Shares of NYSE:NOC traded near $509.31 on Wednesday. Northrop Grumman has a market cap of about $72.3 billion, a P/E ratio of 16.0, and a forward P/E of 16.9. The stock's 52-week low is $489.52, while its high is $774.00. It has a 50-day moving average of $554.06 and a 200-day moving average of $613.66. The company maintains a current ratio of 1.15 and a quick ratio of 0.98, with a debt-to-equity ratio of 102.68.

12-month forecast

$NOC price target

Northrop Grumman Corporation daily closes and this analyst's $587 target. Not advice.

Recent Earnings

Northrop Grumman reported revenue of $42.37 billion, with a revenue growth rate of 4.4%. Earnings per share stood at $31.88, and the company achieved a net margin of 10.8% and a return on equity of 28.5%. The next earnings report is scheduled for July 21, 2026.

Dividend

Northrop Grumman offers an annual dividend rate of $9.40, yielding 1.85%. The dividend payout ratio is 28.97%.

Insider Buying and Selling at Northrop Grumman Corporation

Several insiders, including James Turley, David Abney, and Kimberly Ross, purchased 349 shares each at an average price of $552.17 on May 20, 2026. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

On July 1, 2026, Citigroup maintained its buy rating for Northrop Grumman with a $587 price target. Jefferies maintained a hold rating on June 26, 2026, with a target of $580. The stock has a consensus buy rating, with an average target price of $695.05 among 21 analysts.

About Northrop Grumman

Northrop Grumman Corporation, headquartered in Falls Church, Virginia, is a leading aerospace and defense company. It operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The company designs and produces aircraft, missile defense solutions, and space systems. Led by CEO Kathy J. Warden, Northrop Grumman employs about 95,000 people worldwide.

Bottom Line

Northrop Grumman remains a closely watched stock, especially with Citigroup reiterating its buy rating. The company's solid earnings, dividend, and insider activity highlight its ongoing appeal. Investors follow such updates to gauge future performance, though it's important to remember that analyst ratings and price targets are not guarantees.