TD Cowen cut target for Northrop Grumman stock to USD 540.00
Published on 10/12/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- TD Cowen cut Northrop Grumman's price target from USD 590.00 to USD 540.00 on October 9, 2026, while keeping a Hold rating.
- Northrop Grumman reported USD 10.88 billion in second-quarter revenue and USD 7.68 adjusted earnings per share.
- The stock was trading at EUR 430.05 at Lang & Schwarz on October 12, 2026 at 11:43 a.m. CEST.
- Northrop Grumman is scheduled to report third-quarter 2026 results on October 20, 2026.
Northrop Grumman (ISIN US6668071029) was trading at EUR 430.05 at Lang & Schwarz on October 12, 2026 at 11:43 a.m. CEST. TD Cowen cut its Northrop Grumman price target from USD 590.00 to USD 540.00 in a note issued on October 9, 2026, according to MarketBeat.
Three dates shape the story
On July 21, 2026, Northrop Grumman reported second-quarter revenue of USD 10.88 billion and adjusted earnings per share of USD 7.68, according to Yahoo Finance. The same call described USD 20.00 billion in quarterly awards and a backlog of USD 105.00 billion, up 17.00 percent year over year, giving the order picture a stronger numerical footing than the revenue figure alone.
On September 17, 2026, the company announced that it would release third-quarter 2026 results on October 20, 2026, before the market opened, per Northrop Grumman.
On October 9, 2026, TD Cowen became the latest named analyst event in the sequence, lowering its target by USD 50.00 while retaining a Hold rating, according to MarketBeat.
What does the target cut mean?
The USD 540.00 target sits below TD Cowen's former USD 590.00 level, but the Hold rating means the note did not turn into a negative recommendation. The adjustment matters because Northrop Grumman's second-quarter results combined 5.10 percent year-over-year revenue growth with program cost pressure.
The earnings call identified a USD 68.00 million unfavorable adjustment in Defense Systems tied to the Stand-in Attack Weapon program. At Space, Northrop Grumman also cited cost pressure on the GEM 63XL program, while maintaining adjusted free cash flow guidance of USD 3.10 billion to USD 3.50 billion for fiscal year 2026, according to Yahoo Finance. That mix of growth and execution risk explains why a target reduction can coexist with a still-positive long-term demand narrative.
October 20 is the next test
Northrop Grumman's next scheduled reporting date is October 20, 2026, with the earnings call set for 9:30 a.m. ET, according to the company's investor calendar. The coming report will show whether the second-quarter pattern of USD 10.88 billion in revenue, a USD 105.00 billion backlog and program-related cost charges continued into the third quarter.
Stock price stays central
The EUR 430.05 Lang & Schwarz price on October 12, 2026 at 11:43 a.m. CEST puts the market quotation alongside the USD 540.00 analyst target, but the currencies are different and are not combined into an implied return. Northrop Grumman's market capitalization was USD 68.3 billion as of October 9, 2026, while its primary listing is on the NYSE under ticker NOC.
The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.
Northrop Grumman stock facts
- Company: Northrop Grumman Corporation
- ISIN: US6668071029
- Ticker: NOC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 12, 2026, 11:43 a.m. CEST): EUR 430.05
- Market capitalization: USD 68.3 billion (as of October 9, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 20, 2026
Market context: Market report S&P 500.
