TD Cowen cuts target for General Dynamics stock to USD 380.00
Published on 10/13/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- TD Cowen cut its General Dynamics price target from USD 420.00 to USD 380.00 on October 9, 2026.
- General Dynamics reported USD 14.09 billion in second-quarter 2026 revenue and USD 4.24 diluted earnings per share.
- The Lang and Schwarz quote was EUR 300.80 on October 13, 2026, while market capitalization stood at USD 90.8 billion on October 12, 2026.
- General Dynamics is scheduled to present third-quarter 2026 results on October 30, 2026.
General Dynamics (ISIN US3695501086) was trading at EUR 300.80 at Lang & Schwarz on October 13, 2026, at 11:46 a.m. CEST. TD Cowen had cut its price target from USD 420.00 to USD 380.00 on October 9, 2026, while keeping a Buy rating, according to Markets Insider. The cut gives the latest analyst view a more cautious valuation frame without changing the company's operating figures.
Three events shape the setup
On July 29, 2026, General Dynamics reported USD 14.09 billion in revenue and USD 4.24 in diluted earnings per share for the second quarter of 2026. Revenue increased 8.10 percent year over year, while earnings per share rose from USD 3.74 in the year-ago quarter, according to MarketBeat.
On October 7, 2026, General Dynamics announced that Danny Deep, its president, would become CEO on January 1, 2027, after 25 years with the company. Phebe Novakovic is set to become executive chairman after serving as CEO since 2013, according to General Dynamics.
What does the target cut mean?
TD Cowen's USD 380.00 target is USD 40.00 below its earlier USD 420.00 target, a 9.52 percent reduction. The same note cited a disorderly de-rating across aerospace stocks and pointed to missile framework and ship contracts as potential support for defense backlogs, according to Markets Insider.
That valuation debate sits against a sizable operating base. General Dynamics generated USD 1.16 billion in consolidated net income and USD 1.88 billion in operating cash flow during the second quarter of 2026, while its four businesses span Aerospace, Marine Systems, Combat Systems and Technologies.
Results date sets the next test
General Dynamics will webcast its third-quarter 2026 financial-results call on October 30, 2026, at 9:00 a.m. EDT, according to General Dynamics. The next report will show whether second-quarter revenue growth and cash generation continued into the period that followed the target cut.
The stock's U.S. market context remains substantial: market capitalization was USD 90.8 billion on October 12, 2026, and the 52-week range was USD 306.77 to USD 400.00. The Lang & Schwarz quote of EUR 300.80 on October 13, 2026, therefore remains the relevant euro reference for German investors, while the U.S. figures provide separate home-market context. The further course of trading is shown by the continuously updated real-time quote of General Dynamics stock.
General Dynamics stock facts
- Company: General Dynamics Corporation
- ISIN: US3695501086
- Ticker: GD
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 11:46 a.m. CEST): EUR 300.80
- Market capitalization: USD 90.8 billion (as of October 12, 2026)
- 52-week range: USD 306.77-400.00 (as of October 12, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: S&P 500
- Next earnings date: October 30, 2026
Market context: Market report S&P 500.
