On Oct 24, 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.
Wells Fargo analyst Sarah Akers maintains with a hold rating, and adjusts the target price from $525 to $602.
TD Cowen analyst Gautam Khanna initiates coverage with a buy rating, and sets the target price at $610.
Bernstein analyst Douglas Harned maintains with a hold rating, and maintains the target price at $607.
Furthermore, according to the comprehensive report, the opinions of $Lockheed Martin (LMT.US)$'s main analysts recently are as follows:
Lockheed Martin's sentiment has been affected by what can be described as 'soft' Q3 sales. Nonetheless, the initial outlook for 2025 could be deemed 'conservative'. The company has experienced growth in sales and operating profit, particularly in the Missiles and Fire Control segment, which stands out for its prospective outlook into 2025. Additionally, the recovery of the company's F-35 program is progressing as planned.
Lockheed Martin's Q3 EPS outperformed expectations, albeit with a medium-term outlook that is somewhat conservative compared to market growth predictions. The stock is favored for its leading position within the defense sector, as well as its international sales and responsiveness to market cycles.
Here are the latest investment ratings and price targets for $Lockheed Martin (LMT.US)$ from 7 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
