NOC Price Prediction Next Week
Technical Analysis
NOC's stock has formed a bullish reversal pattern over the past week, with price bouncing off support around $445. The stock closed at $455.34 on Friday, showing strong momentum with higher highs and higher lows.
News Impact Analysis Recent significant news that could impact NOC's price next week:
Defense budget concerns: Trump administration's proposed cuts to Pentagon budget by $50 billion next year and 8% annually over next 5 years. This creates some uncertainty but the impact may be limited as:
- NOC recently secured $1.4B in new defense contracts with US Army and Poland
- Strong international demand growth expected to outpace domestic in 2025
Positive analyst coverage: Susquehanna maintains Buy rating with $557 price target, while TD Cowen has a Hold rating with $540 target
Price Prediction for Next Week
Based on technical analysis and news sentiment:
- Support levels: $445-450
- Resistance levels: $460-465
- Target range: $452-462
The stock is likely to continue its upward momentum next week for several reasons:
- Strong technical reversal pattern
- Recent large contract wins providing revenue visibility
- Growing international business offsetting domestic budget concerns
- Multiple analyst price targets suggesting 10-20% upside potential
Trading Recommendation: BUY
- Entry point: Current levels around $455
- Initial target: $462 (+1.5%)
- Stop loss: $445 (-2.2%)
- Position sizing: Conservative due to broader market uncertainty around defense spending
The positive momentum from recent contract wins and international expansion should outweigh near-term budget concerns, supporting further upside in the stock price next week.
NOC Similar Chart Price Prediction
The price of NOC is predicted to go up -4.88%, based on the high correlation periods with CYCC. The similarity of these two price pattern on the periods is 97.3%.
NOC
CYCC
Down: -4.88%Similarity: 97.3%
NOC Revenue Forecast
NOC EPS 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
Jason Gursky
Citigroup
Strong Buy
2025-02-10
Price Target
$587 → $591
Upside
+34.65%
Citi analyst Jason Gursky raised the firm's price target on Northrop Grumman to $591 from $587 and keeps a Buy rating on the shares. Following the company's quarterly report, the firm makes makes "immaterial changes" to estimates and "modestly" increased its price target as the firm rolls estimates forward a quarter.
Matthew Akers
Wells Fargo
Buy
2025-01-31
Price Target
$595 → $574
Upside
+17.8%
Jason Gursky
Citigroup
Hold → Strong Buy
2025-01-21
Price Target
$587
Upside
+16.36%
