NOC Price Prediction Next Week
Analysis and Insights
To predict the stock price of Northrop Grumman (NOC) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
Northrop Grumman's stock shows a bullish trend with support at $475 and resistance at $505. The Relative Strength Index (RSI) is at 57.57, indicating the stock is not overbought. The MACD is positive, suggesting upward momentum.
News Sentiment:
Recent news indicates Northrop Grumman has secured defense contracts, which is positive. However, budget cuts and competition in the sector might impact growth.
Prediction:
Based on technical indicators and news, NOC is expected to trade between $490 and $505 next week. The stock is likely to test the resistance level of $505.
Recommendation:
Buy Northrop Grumman (NOC) at the support level of $490, with a target price of $505.
NOC Similar Chart Price Prediction
The price of NOC is predicted to go up -2.33%, based on the high correlation periods with SCSC. The similarity of these two price pattern on the periods is 98.35%.
NOC
SCSC
Down: -2.33%Similarity: 98.35%
NOC Revenue Forecast
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NOC VS S&P500
Northrop Grumman has won the Ground Based Strategic Deterrent and B-21 bomber programs, both of which should drive material top-line growth over the next few decades.
Northrop's space segment is the dominant provider of rocket motors, due to its 2019 acquisition of Orbital ATK.
Defense contractors' business cycle is not correlated to GDP.
NOC Analyst's Forecast
Ken Herbert
RBC Capital
Hold → Buy
2025-03-27
Price Target
$500 → $575
Upside
+11.91%
After the White House and the Department of Defense announced they have selected Boeing (BA) for the Next Generation Air Dominance contract to develop the Air Force's sixth-generation fighter to be referred to as the F-47, RBC Capital believes the contract award is "a bit of a surprise for investors." The firm views the award as a signal from the U.S. Air Force that it wants to ensure at least two fighter companies in the industrial base, with Lockheed Martin (LMT) for the F-35, now Boeing for the F-47, and Northrop Grumman (NOC) as the prime contractor for the B-21. For Lockheed, the firm believes the USAF is signaling that the company's focus needs to remain on the F-35 in the near-term, says the analyst, who also believes this award will now make Northrop the favorite for the Navy's F/A-XX award. RBC has Outperform ratings on Lockheed and Boeing and a Sector Perform rating on Northrop Grumman.
Matthew Akers
Wells Fargo
Buy
2025-03-07
Price Target
$545 → $547
Upside
+12.43%
Jason Gursky
Citigroup
Strong Buy
2025-02-10
Price Target
$587 → $591
Upside
+34.65%
