Jefferies Rates General Dynamics (GD) buy, $400 Price Target

Jefferies has upgraded its rating on General Dynamics Corporation to Buy, setting a new price target of $400, a 11.26% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:13 PM EDT · Updated Jun 17, 2026, 4:01 AM EDT

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Jefferies rated General Dynamics Corporation ($GD) "buy" with a $400 price target on June 11, 2026.

Since the rating, $GD is down 2.5% after 1 week, up 4.3% after 1 month and down 3.2% to date (from the $355.57 close on Jun 11, 2026).

GD General Dynamics Corporation

$344.23 +2.05% year to date

Daily close · Oct 16, 2026

Key Points

On June 11, 2026, Jefferies raised its rating on General Dynamics Corporation (GD) to Buy, with a price target of $400. The stock is currently priced at $359.53.
Jefferies's $400 price target implies 11.26% upside from General Dynamics Corporation's ($GD) current $359.53 share price.
General Dynamics operates in the aerospace and defense industry, generating significant revenue of about $54.9 billion, reflecting a year-over-year growth of 8.1%.
The company's stock has a current P/E ratio of approximately 21.6, with a recent market cap around $95.8 billion.

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Jefferies Upgrades General Dynamics to Buy with $400 Target

On June 11, 2026, Jefferies raised its rating on General Dynamics Corporation (GD) to Buy, setting a price target of $400. The stock closed at $359.53 on the New York Stock Exchange.

Jefferies' action marks a shift for General Dynamics, as the firm has now established a more favorable view on the company. This is Jefferies' second rating update for General Dynamics this year, having maintained previous ratings for other companies in the sector. The current target represents a more optimistic outlook compared to other recent assessments on Wall Street.

How Jefferies' Rating Stands Out

While Jefferies has adjusted its outlook, several other firms have maintained their ratings for General Dynamics. RBC Capital, for example, continues to rate the stock as Sector Perform with a target of $360, while Bernstein has it as Market Perform with a target of $365. TD Cowen keeps its Buy rating but has lowered its target to $380. With these mixed reviews, Jefferies’ upgrade stands out as a strong endorsement amid varied opinions.

Stock Performance and Market Context

General Dynamics' stock has been performing well, currently trading at $359.53, just above its 50-day moving average of $375.86. This price is notably close to its 52-week high of $400, highlighting its strong position in the aerospace and defense sector. The market cap is around $95.8 billion, reflecting the company's significant size and impact in the industry.

12-month forecast

$GD price target

General Dynamics Corporation daily closes and this analyst's $400 target. Not advice.

Recent Earnings

General Dynamics reported revenue of approximately $54.9 billion, which shows a growth of 8.1% year over year. The earnings per share (EPS) stands at $16.42, with a net margin of 8.18% and a return on equity (ROE) of 17.8%. The company is set to report its next earnings on October 28, 2026, which could offer further insights into its financial health.

What General Dynamics Corporation Does

General Dynamics Corporation operates in the aerospace and defense industry. The company is involved in various segments, including aerospace, marine systems, combat systems, and technologies, serving both military and commercial customers.

What’s Next?

As General Dynamics approaches its next earnings date on October 28, 2026, investors and analysts will be watching closely for updates and performance metrics following Jefferies' upgraded rating. Given the company's broad scope and impact in the defense sector, future developments are likely to attract attention from both analysts and market participants.