TD Cowen Cuts General Dynamics (GD) Price Target to $380

TD Cowen has reaffirmed its Buy rating on General Dynamics with a new price target of $380, a 10.92% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:01 PM EDT

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TD Cowen cut its price target on General Dynamics Corporation ($GD) to $380 from $420 on October 9, 2026, and rates the stock "Buy".

Since the rating, $GD is up 3.9% after 1 week and up 3.9% to date (from the $331.27 close on Oct 9, 2026).

GD General Dynamics Corporation

$344.23 +2.05% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, TD Cowen reiterated its Buy rating on General Dynamics Corporation, lowering its price target from $420 to $380.
TD Cowen's $380 price target implies 10.92% upside from General Dynamics Corporation's ($GD) current $342.60 share price.
As of October 16, 2026, General Dynamics shares were recently trading around $342.6, about 9.8% below the new price target.
General Dynamics has a trailing twelve-month revenue of approximately $54.9 billion and an EPS of $16.42.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated General Dynamics Corporation alert may contain errors. Disclosures

TD Cowen has reaffirmed its Buy rating on General Dynamics Corporation (NYSE: GD) and set a new price target of $380 on October 9, 2026. This is a reduction from the previous target of $420. The stock was recently trading around $342.6, which is about 9.8% below the new target price.

Other Institutional Activity in General Dynamics

Longview Asset Management, LLC holds 27,060,944 shares of General Dynamics, valued at approximately $9.31 billion. Blackrock Inc. increased its stake by 708,732 shares, bringing its total to 19,310,609 shares worth about $6.65 billion. Vanguard Capital Management LLC added 529,426 shares, ending with 16,670,477 shares valued at approximately $5.74 billion. State Street Corporation also boosted its holdings by 375,101 shares, totaling 11,811,099 shares worth about $4.06 billion. Newport Trust Company, LLC trimmed its position, selling 172,347 shares and holding 13,398,261 shares valued at about $4.61 billion.

General Dynamics Corporation Stock Down 3.0%

This price is significantly below the new target set by TD Cowen. The stock's performance is noteworthy as it reflects a shift in analyst sentiment, especially compared to its earlier price target.

12-month forecast

$GD price target

General Dynamics Corporation daily closes and this analyst's $380 target. Not advice.

Recent Earnings

For the trailing twelve months, General Dynamics reported revenue of approximately $54.9 billion and an EPS of $16.42. The company has shown a revenue growth of 8.1% year-over-year and a net margin of 8.2%. The next earnings report is scheduled for October 28, 2026.

Insider Buying and Selling at General Dynamics Corporation

Several insiders at General Dynamics sold shares earlier this year. Marguerite Amy Gilliland, an officer, sold 43,180 shares on July 31, 2026, valued at about $16.32 million. CEO Phebe N. Novakovic sold 51,568 shares on August 3, 2026, worth around $19.73 million. Christopher J. Brady, another officer, sold 6,320 shares at an average price of $383.32 on August 5, 2026, totaling about $2.42 million. Additionally, Director Peter A. Wall sold 1,990 shares at an average price of $396.43 on August 10, 2026, valued at approximately $788,898.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating on General Dynamics with a target price of $380. This follows a series of recent ratings from other firms, including Citigroup, which maintained a Neutral rating with a target of $374 on October 7, 2026. The consensus target among analysts suggests a cautious outlook on the stock's near-term performance.

About General Dynamics

General Dynamics Corporation is an aerospace and defense company based in Reston, Virginia. It operates through four main segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The company is known for producing business jets and providing various aircraft support services, making it a key player in the defense sector.

Bottom Line

Investors will want to watch General Dynamics as it approaches its next earnings date on October 28, 2026. With TD Cowen's recent rating change, further analyst coverage will provide insights into the stock's trajectory amid changing market conditions.