Deutsche Bank Remains Bullish on General Dynamics (GD); Operational Momentum Stays Strong

General Dynamics Corp. (NYSE:GD) is one of the best defense stocks in Goldman Sachs’ portfolio. The company is a prominent player in the global aerospace and defense space. It provides products and services in business aviation, shipbuilding and repair, land combat vehicles, weapons systems and ordnance, as well as technology products and services.

On October 8, Scott Deuschle, an analyst from Deutsche Bank, published his Q3 earnings preview for the bank’s coverage group on aerospace and defense, a space in which the bank continues to hold a bullish stance. As part of the review, Deuschle raised his price target on General Dynamics Corp. (NYSE:GD) from $360 to $400, implying an over 15% potential upside.

On the operations front, the company remains well-positioned in the industry. On October 2, the company’s business unit, General Dynamics Information Technology (GDIT), reported that it had received the Enterprise Mission Information Technology Services 2 (EMITS 2) task order worth around $1.25 billion.

As part of this order, GDIT will continue to provide scalable and cutting-edge IT services to U.S. Army Europe and Africa and their other partners in the area. This order includes a five-month base period for transition and seven option years, and GDIT will deliver enterprise IT, communications, and mission command support services.

General Dynamics Corp. (NYSE:GD) is a global aerospace and defense company that specializes in high-end design, engineering, and manufacturing. Its broad portfolio includes products and services in business aviation, ship construction/repair, land combat vehicles, weapons systems, munitions, and technology.

While we acknowledge the potential of GD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Goldman Sachs Value Stocks: 10 Stocks to Buy and  13 Best Tech Stocks Under $10 to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.