General Dynamics price target raised to $440 after $4.10 EPS beat

GD•2026-07-09

Jefferies raised its General Dynamics price target to $440 from $400 following a Q2 EPS beat of $4.10 versus $3.68 consensus. Shares hit a 52-week high of $377.27, gaining 10.6% in the past month and 12% year-to-date, outperforming sector gains of 7.3%.

1. Jefferies Price Target Increase

Jefferies upgraded its rating and lifted the General Dynamics price target from $400 to $440, signaling confidence in the company’s growth prospects.

2. Stock Performance

Shares reached a 52-week high of $377.27, up 10.6% over the past month and 12% year-to-date, outpacing peers’ sector gain of 7.3% and industry gain of 3.4%.

3. Q2 Earnings Beat

General Dynamics reported Q2 EPS of $4.10, surpassing the consensus of $3.68, driven by robust defense contracts and efficient program execution.

4. Analyst Outlook and Forecasts

Analysts project full-year EPS of $16.59 on $55.0 billion in revenue, rising to $18.29 on $57.56 billion next fiscal year, underpinned by growing global defense spending.