General Dynamics Corporation (GD) a Moderate Buy, Per Wall Street

General Dynamics Corporation (NYSE:GD) is among the 10 Best Defense Stocks to Buy in the S&P 500. On January 15, Susquehanna hiked its price target on the stock to $420 from $405 and maintained a Positive rating, as part of the firm’s broader analysis of the industry.

General Dynamics Corporation (GD) a Moderate Buy, Per Wall Street

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

On the same day, UBS reiterated a Neutral rating on the stock and raised its price target to $388 from $381. As of the close on January 19, the aerospace and defense company is a Moderate Buy based on the ratings of 15 analysts. The stock has a one-year average share price target of $390.62, representing an upside of 6.33%.

In other news, on January 12, General Dynamics Corporation (NYSE:GD) announced that its business unit General Dynamics Information Technology (GDIT) had secured a $988 million contract to modernize the U.S. Navy’s C5ISR systems.

As part of the agreement, GDIT will modernize and integrate these systems across all surface combatant ships through services such as engineering, logistics, procurement, and installation, thereby enhancing the operational effectiveness of naval assets.

General Dynamics Corporation (NYSE:GD) is a leading global aerospace and defense company, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments.

While we acknowledge the risk and potential of GD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best Booming Stocks to Buy Right Now and 7 Best Defense Dividend Stocks to Buy.

Disclosure: None.