- General Dynamics (GD, Financial) secures substantial $12.4 billion contract modifications for Virginia-class submarines.
- Analysts project a 7.11% upside with an average price target of $291.46.
- GuruFocus estimates suggest a potential 14.52% increase based on GF Value metrics.
General Dynamics (GD) has recently been awarded a substantial $12.4 billion in contract modifications for the construction of two Virginia-class submarines for fiscal year 2024. This agreement not only focuses on building advanced submarines but also aims at boosting shipyard productivity and workforce initiatives. With potential options, the contract's total value could increase to an impressive $17.2 billion.
Wall Street Analysts Forecast
The one-year price targets from 17 analysts present an optimistic outlook for General Dynamics Corp (GD, Financial). The average target price stands at $291.46, with projections ranging from a high of $330.00 to a low of $239.00. This average target represents an upside of 7.11% from the current stock price of $272.12. For more in-depth estimate data, please visit the General Dynamics Corp (GD) Forecast page.
Analysts' consensus from 25 brokerage firms rates General Dynamics Corp (GD, Financial) at an average of 2.5, indicating an "Outperform" status. This recommendation scale ranges from 1, indicating a Strong Buy, to 5, which signifies Sell.
Furthermore, GuruFocus estimates the GF Value of General Dynamics Corp (GD, Financial) at $311.64 for the upcoming year. This estimation suggests a possible upside of 14.52% from the current price of $272.12. The GF Value is calculated by considering historical trading multiples, past business growth, and future performance estimates. For a more comprehensive analysis, please refer to the General Dynamics Corp (GD) Summary page.
