Citigroup Reiterates Buy on Northrop Grumman Corporation (NOC) with Price Target of $781

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Citigroup Reiterates Buy on Northrop Grumman Corporation (NOC) with Price Target of $781

Ashar Jawad

Sun, February 22, 2026 at 8:32 PM GMT+9 2 min read

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NOC

-1.81%

Northrop Grumman Corporation (NYSE:NOC) is among the 11 best military technology stocks to buy right now. On February 18, Citigroup analyst John Godyn reiterated a Buy rating on the stock with a price target of $781.

Citigroup Reiterates Buy on Northrop Grumman Corporation (NOC) with Price Target of $781

This is a reaffirmation of the firm’s update on the stock on January 28, when it lifted the price target to $781 from $715 following the Q4 earnings report. In a research note to investors, Citigroup cited the company’s forecast of mid-single digit sales growth in 2026 as the reason behind the adjustment.

As of the close of business on February 20, the stock is a Moderate Buy with a one-year average share price target of $733.75, representing an upside of just over 1%.

Northrop Grumman Corporation (NYSE:NOC) posted revenue of $11.71 billion for the fourth quarter of 2025, an increase of about 10% from the prior year, driven by geopolitical conflicts that are fueling strong demand for arms. Adjusted net earnings stood at $7.23 per share, beating estimates by 25 cents and up 13% year-over-year.

In other news, on February 10, the defense contractor announced a quarterly dividend of $2.31 per share on common stock to all shareholders on record as of February 23. The payment is scheduled for March 11. The company was recently ranked among the 7 Best Defense Dividend Stocks to Buy by Insider Monkey.

Northrop Grumman Corporation (NYSE:NOC) is one of the world’s largest defense contractors. It is engaged in the design, development, integration, and maintenance of advanced systems across aeronautics, space, defense electronics, and mission solutions.

While we acknowledge the potential of NOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

**READ NEXT: 10 Best Meme Stocks to Buy Now and **10 Best American Defense Stocks to Buy According to Wall Street Analysts

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