Key Highlights

● GD closed at $331.34 on 9 October 2026.

● Market data consensus target is $407.16, implying about 22.9% upside.

● The second data set shows a mean of $413.11 and a median of $415.

● TD Cowen lowered its target from $420 to $380 on 9 October.

General Dynamics (NYSE:GD), a defence and aerospace group and S&P 500 member, closed at $331.34 on Friday 9 October 2026. The average price target sits well above the share price, although several brokers trimmed their figures in recent weeks.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $407.16 from 19 analysts in the last twelve months, with a high of $465.00 and a low of $313.00. Against the $331.34 close, the consensus target suggests potential upside of about 22.9%. The second data set, using third-party data for 24 analysts, shows a slightly higher mean of $413.11, a median of $415, a high of $465 and a low of $319.

The two means differ by less than $6, and both are in line with recent named broker targets, which range from $374 to $465. Another section of the market data mentions a different average of $410.84, a reminder that consensus figures vary even within one data set.

What Are Wall Street Analysts Saying?

Market data records 13 Buy (including one Strong Buy), five Hold and one Sell rating, a Moderate Buy consensus. The second data set shows ten Strong Buy, four Buy, nine Hold and one Strong Sell, with a Buy consensus.

Recent named broker actions on market data show a recent shift. TD Cowen lowered its target from $420 to $380 on 9 October 2026, and Citigroup lowered its target from $404 to $374 on 7 October with a Neutral rating. Sanford C. Bernstein cut its target from $421 to $407 on 23 September, while UBS raised its target from $395 to $408 on 8 September. In late July and early August, targets were raised by Wells Fargo (to $440), Royal Bank of Canada (to $410), BNP Paribas Exane (to $430), Susquehanna (to $455) and Morgan Stanley (to $465), the highest figure.

What Could Help the Stock Reach the Price Target?

Market data reports earnings per share of $4.24 against a consensus of $3.96 and revenue up 8.1% year on year to $14.09 billion. If results continue to exceed estimates, the more positive brokers could be proved right. Market data also notes that Danny Deep is set to succeed Phebe Novakovic as chief executive on 1 January 2027, a planned transition that could provide continuity.

What Could Prevent the Stock Reaching the Target?

The latest target reductions, from TD Cowen, Citigroup and Bernstein, suggest that some analysts are becoming more cautious. Five analysts rate the shares Hold and one rates them Sell, so enthusiasm is not universal. Defence contractors depend on government budgets, contract timing and programme execution, and delays or cost overruns can weigh on results.

What Should Investors Watch Next?

Investors may also wish to watch for further target revisions and for the chief executive handover on 1 January 2027.

General Dynamics' Trimmed Targets Before a CEO Handover

General Dynamics closed at $331.34 on 9 October 2026, below the market data consensus of $407.16 and the second data set's $413.11. Danny Deep is due to succeed Phebe Novakovic as chief executive on 1 January 2027, a planned transition that could provide continuity.