2026년 2월 23일 · Unknown · financial · 출처 Yahoo Finance
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General Dynamics is back in focus as analysts adjust their price targets, with several recent updates clustering in the high US$300s. Those moves are being driven less by big shifts in fair value inputs and more by changing views on sector momentum, policy risk, and the durability of cash generation. As you read on, you will see how this evolving narrative could shape your own view of General Dynamics over the coming quarters.
Analyst Price Targets don't always capture the full story. Head over to our Company Report to find new ways to value General Dynamics.
What Wall Street Has Been Saying
🐂 Bullish Takeaways
Citi lifted its General Dynamics price target to US$389 from US$371 and kept a Neutral rating, pointing to updated estimates across aerospace and defense and calling out sector momentum through the first half of 2026. Bernstein raised its target to US$398 from US$388 and kept a Market Perform rating, highlighting that policy moves and a proposed US$1.5t defense budget outline a potentially supportive setup for the group, even with elevated uncertainty. Jefferies, UBS, Seaport Research and Susquehanna each raised price targets on General Dynamics in January and early February 2026, signaling continued interest in the shares across multiple research desks.
🐻 Bearish Takeaways
Jefferies flagged General Dynamics as the Prime contractor most affected in its models by a scenario with no share repurchases in 2026 to 2027 after the executive order tying buybacks and dividends to contract performance, which could weigh on capital return assumptions. Bernstein explicitly noted that, while 2026 could set up positively for defense, overall uncertainty remains high, which may limit conviction around long term growth and valuation for General Dynamics.
Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Head to the Simply Wall St Community to discover more perspectives!NYSE:GD 1-Year Stock Price Chart
See how General Dynamics' fair value stacks up across multiple valuation models — not just analyst targets.
How This Changes the Fair Value For General Dynamics
The fair value estimate moved from US$394.81 to US$394.53. The long term revenue growth input shifted from 4.28% to 4.27%. The profit margin assumption moved from 8.82% to 8.76%. The future P/E multiple in the framework was adjusted from 25.3x to 26.0x. The discount rate used in the model moved from 7.64% to 7.67%.
Story Continues
Never Miss an Update: Follow The Narrative
Narratives link a company's business story to a financial forecast and fair value, so you can see how contracts, backlogs, and risks translate into the numbers. They refresh as new data, guidance, or research comes through.
Head over to the Simply Wall St Community and follow the Narrative on General Dynamics to stay up to date on:
How record backlog across Marine, Aerospace, and advanced military programs ties into revenue visibility and future earnings potential. The impact of growing spend on cyber defense, secure communications, and IT modernization across Mission Systems and GDIT. Key risks around supply chain disruptions, contract delays or cancellations, volatile aerospace services margins, and the effect of US$7.2b in net debt on financial flexibility.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include GD.
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