TD Cowen cuts target for Northrop Grumman stock from USD 590 to USD 540

Published on 10/15/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 10.88 billion, up 5.10 percent year over year. Northrop Grumman stock costs EUR 442.65 on October 15, 2026.

Analyst view and company figures

TD Cowen lowered its Northrop Grumman target on October 9, 2026.
Second-quarter revenue reached USD 10.88 billion in 2026.
Northrop Grumman stock traded at EUR 442.65 at 11:04 a.m. CEST at Lang & Schwarz on October 15, 2026.

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Northrop Grumman (ISIN US6668071029) faces a lower TD Cowen price target of USD 540, down from USD 590, according to Benzinga on October 9, 2026. At Lang & Schwarz, the stock was trading at EUR 442.65 on October 15, 2026 at 11:04 a.m. CEST.

Analyst caution meets earnings growth

The target cut arrives before Northrop Grumman's third-quarter report. Markets Insider reported that second-quarter revenue reached USD 10.88 billion and net profit was USD 1.09 billion for the period ended June 30, 2026. Revenue was higher than the USD 10.35 billion recorded in the year-ago quarter, while net profit declined from USD 1.17 billion.

Three dated company signals

On July 21, 2026, Northrop Grumman reported second-quarter revenue of USD 10.88 billion and earnings per share of USD 7.68 in its earnings call transcript, according to Yahoo Finance. On September 29, 2026, the company received a USD 18.8 million U.S. Army contract, according to Benzinga. On October 9, 2026, TD Cowen cut its target from USD 590 to USD 540 while maintaining a Hold rating, the most recent of the three signals.

What could improve second-half margins?

Management's second-quarter outlook points to higher activity but also execution risk. According to Yahoo Finance, the company raised its 2026 sales guidance to USD 43.75 billion-USD 44.25 billion and adjusted earnings-per-share guidance to USD 28.60-USD 29.10. Backlog rose 17.00 percent year over year to USD 105.00 billion, while second-half revenue was expected to increase by more than USD 700.00 million. The same call cited cost pressure in the GEM 63XL and Stand-in Attack Weapon programs, making execution central to the next results.

Upcoming reporting dates

Yahoo Finance identifies October 20, 2026 as the next third-quarter reporting date before the U.S. market opens. Markets Insider lists an aerospace and defense investor conference hosted by BTIG for October 21, 2026 at 10:00 a.m.

Stock price and valuation context

Northrop Grumman's market capitalization was USD 70.4 billion as of October 14, 2026. Its reported 52-week range was USD 453.01 to USD 774.00. The lower end of that range underscores why the target revisions matter, while the upcoming report will test whether stronger sales guidance can offset program-specific cost pressure.

The stock was trading at EUR 442.65 at Lang & Schwarz on October 15, 2026 at 11:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.