5 Most Oversold Strong Buy-Rated Stocks to Invest In Now

4. Northrop Grumman Corporation (NYSE:NOC)

On July 1, 2026, Citi lowered its price target on Northrop Grumman Corporation (NYSE:NOC) to $587 from $628 and kept a Buy rating. Citi updated estimates and price targets across the aerospace and defense group ahead of Q2 reports. The firm expects aerospace companies to post “big beats” with moderate guidance raises, while seeing less potential for big beats among defense names relative to aerospace. Citi said defense names may still have more room for share upside given compressed multiples in the group.

On June 30, Northrop Grumman was awarded a $312.34M firm-fixed-price modification to a previously awarded contract. The modification exercises an option for the production of Surface Electronic Warfare Improvement Program Block Three Hemisphere and Quadrant systems. Work is expected to be completed by August 2029. FY26 shipbuilding and construction funds of $312.34M will be obligated at the time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.

On June 26, Jefferies lowered its price target on Northrop Grumman to $580 from $620 and kept a Hold rating. Jefferies estimated about 5% year-over-year revenue growth in Q2 and expects FY26 guidance to likely be maintained. The firm noted that its FY26 EPS estimate of $27.70 compares with the consensus at $27.93.

Northrop Grumman Corporation (NYSE:NOC) operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally.