Summary Highlights:
- General Dynamics secures a $150 million contract for the Abrams Engineering Program, boosting defense investments.
- Analyst forecasts indicate a moderate potential upside for GD's stock, with price targets ranging between $239.00 and $330.00.
- GuruFocus estimates suggest a 7.35% upside based on the GF Value metric, hinting at growth potential.
General Dynamics Lands Significant Defense Contract
General Dynamics (GD, Financial) Land Systems has been awarded a substantial $150 million contract by the U.S. Department of Defense to enhance the Abrams Engineering Program. This strategic initiative is scheduled for execution in Sterling Heights, Michigan, with an expected completion date of June 30, 2027. This project underscores the pivotal role General Dynamics continues to play in national defense and its impact on the company's long-term growth prospects.
Wall Street Analysts' Forecast for General Dynamics (GD, Financial)
Analysts have set their sights on General Dynamics Corp (GD, Financial), providing one-year price targets from 16 experts. The average target price is $294.11, while predictions span a high of $330.00 and a low of $239.00. This indicates a potential upside of 0.84% from the current trading price of $291.66. For a more detailed breakdown of these forecasts, visit the General Dynamics Corp (GD) Forecast page.
Brokerage Consensus and Ratings
The consensus recommendation from 24 brokerage firms places General Dynamics Corp (GD, Financial) at an average recommendation of 2.5, which signifies "Outperform." The rating system, which spans from 1 (Strong Buy) to 5 (Sell), highlights the stock's favorable position in the market.
Understanding the GF Value Estimate
According to GuruFocus estimates, the anticipated GF Value for General Dynamics Corp (GD, Financial) over the next year is $313.11. This suggests a potential upside of 7.35% from its current price of $291.66. The GF Value metric is a comprehensive estimate of a stock’s fair market value, derived from historical trading multiples, business growth trajectories, and future performance forecasts. For an in-depth analysis, visit the General Dynamics Corp (GD) Summary page.
