Lockheed Martin (LMT) Stock Forecast & Price Target

$608.27

+2.73 (+0.45%)

(As of 10/8/2024 ET)

Lockheed Martin - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 14 Analyst Ratings

Sell
1

Hold
4

Buy
9

Based on 14 Wall Street analysts who have issued ratings for Lockheed Martin in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a sell rating, 4 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$568.31
-6.57% Downside

According to the 14 analysts' twelve-month price targets for Lockheed Martin, the average price target is $568.31. The highest price target for LMT is $704.00, while the lowest price target for LMT is $377.00. The average price target represents a forecasted downside of -6.57% from the current price of $608.27.

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LMT Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$568.31	$553.43	$485.40	$490.47
Forecasted Upside	-6.57% Downside	-2.33% Downside	5.29% Upside	12.35% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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LMT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Lockheed Martin Stock vs. The Competition

Type	Lockheed Martin	Aerospace Companies	S&P 500
Consensus Rating Score	2.64	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	-6.56% Downside	40.54% Upside	7.88% Upside
News Sentiment Rating	Positive News See Recent LMT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/7/2024	Royal Bank of Canada 4 of 5 stars	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$600.00 ➝ $675.00	+11.02%
10/3/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Boost Target	Buy ➝ Buy	$600.00 ➝ $620.00	+2.77%
9/3/2024	Melius Research 0 of 5 stars	R. Spingarn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$635.00 ➝ $635.00	+12.06%
8/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$503.00 ➝ $599.00	+8.59%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$480.00 ➝ $505.00	-4.29%
Get the Latest News and Ratings for LMT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lockheed Martin and its competitors with MarketBeat's FREE daily newsletter.
7/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$518.00 ➝ $560.00	+8.08%
7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$483.00 ➝ $525.00	+3.57%
7/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$511.00 ➝ $538.00	+6.74%
7/24/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$540.00 ➝ $565.00	+11.11%
7/24/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Von. Rumohr Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$480.00 ➝ $560.00	+11.74%
4/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$508.00 ➝ $525.00	+13.98%
4/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$380.00 ➝ $377.00	-19.33%
10/4/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$505.00 ➝ $455.00	+13.85%
4/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$478.00 ➝ $496.00	+0.17%
4/19/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$510.00 ➝ $550.00	+9.69%
4/12/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$513.00	+5.16%
1/30/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$523.00	+13.79%
1/6/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$491.00	+2.92%
10/19/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive	$539.00 ➝ $510.00	+18.10%
10/10/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:20 PM ET.

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 1, 2024. Please send any questions or comments about these Lockheed Martin pros and cons to contact@marketbeat.com.

Lockheed Martin
Bull Case

Here are some ways that investors could benefit from investing in Lockheed Martin Co.:

Lockheed Martin Co. has a strong return on equity of 95.03%, indicating efficient use of shareholder funds to generate profits.
The company's revenue for the quarter was up 8.6% compared to the same quarter last year, showing positive growth.
Lockheed Martin Co. reported a net margin of 9.48%, demonstrating good profitability.
Analysts predict Lockheed Martin Co. will post 26.65 EPS for the current fiscal year, indicating potential for earnings growth.
Lockheed Martin Co. has a dividend yield of 2.17%, providing investors with a steady income stream.

Lockheed Martin
Bear Case

Investors should be bearish about investing in Lockheed Martin Co. for these reasons:

Lockheed Martin Co. has a relatively high debt-to-equity ratio of 3.10, which may indicate higher financial risk.

LMT Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $568.31, with a high forecast of $704.00 and a low forecast of $377.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There is currently 1 sell rating, 4 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LMT shares.
: According to analysts, Lockheed Martin's stock has a predicted downside of -6.57% based on their 12-month stock forecasts.
: Over the previous 90 days, Lockheed Martin's stock had 6 upgrades by analysts.
: Lockheed Martin has been rated by research analysts at Bank of America, Barclays, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Melius, Melius Research, Morgan Stanley, Royal Bank of Canada, Susquehanna, TD Cowen, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Lockheed Martin more than other "aerospace" companies. The consensus rating score for Lockheed Martin is 2.64 while the average consensus rating score for "aerospace" companies is 2.64. Learn more on how LMT compares to other companies.

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This page (NYSE:LMT) was last updated on 10/8/2024 by MarketBeat.com Staff

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