On Oct 23, major Wall Street analysts update their ratings for $Lockheed Martin (LMT.US)$, with price targets ranging from $599 to $695.
Morgan Stanley analyst Kristine Liwag maintains with a hold rating, and maintains the target price at $599.
BofA Securities analyst Ronald Epstein maintains with a buy rating, and adjusts the target price from $635 to $685.
TD Cowen analyst Gautam Khanna initiates coverage with a buy rating, and sets the target price at $610.
RBC Capital analyst Kenneth Herbert maintains with a buy rating, and adjusts the target price from $675 to $665.
Seaport Global analyst Richard Safran maintains with a buy rating, and maintains the target price at $670.
Furthermore, according to the comprehensive report, the opinions of $Lockheed Martin (LMT.US)$'s main analysts recently are as follows:
Lockheed Martin's recent 'soft' Q3 sales have impacted the overall sentiment, although the initial outlook for 2025 is probably understated. The company's sales and operating profit growth have been primarily driven by the Missiles and Fire Control segment, which is seen as a significant factor for its future prospects leading into 2025. Additionally, the recovery of the company's F-35 program is progressing as planned.
Lockheed Martin's third-quarter earnings surpassed expectations, but its medium-term guidance fell short compared to mid-single-digit percentage expectations. The company is favored for its leading position within the defense sector, as well as its strong international sales and short-cycle leverage.
Here are the latest investment ratings and price targets for $Lockheed Martin (LMT.US)$ from 7 analysts:
Note:
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