Lockheed Martin Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Lockheed Martin stock have an average target of 495.78, with a low estimate of 440 and a high estimate of 540. The average target predicts an increase of 6.46% from the current stock price of 465.70.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$440	$495.78	$499	$540
Change	-5.52%	+6.46%	+7.15%	+15.95%

* Price targets were last updated on Apr 25, 2024.

Analyst Ratings

The average analyst rating for LMT stock from 9 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	2	2	2	1	1	1
Buy	1	1	1	2	2	2
Hold	8	8	8	6	6	6
Sell	1	1	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	12	9	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Akers Wells Fargo	Wells Fargo	Hold Maintains $460 → $480	Hold	Maintains	$460 → $480	+3.07%	Apr 25, 2024
Scott Deuschle Deutsche Bank	Deutsche Bank	Hold Maintains $467 → $487	Hold	Maintains	$467 → $487	+4.57%	Apr 25, 2024
Jason Gursky Citigroup	Citigroup	Strong Buy Maintains $508 → $525	Strong Buy	Maintains	$508 → $525	+12.73%	Apr 24, 2024
Gavin Parsons UBS	UBS	Hold Maintains $482 → $499	Hold	Maintains	$482 → $499	+7.15%	Apr 24, 2024
Seth Seifman JP Morgan	JP Morgan	Hold → Buy Upgrades $475 → $518	Hold → Buy	Upgrades	$475 → $518	+11.23%	Apr 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

70.46B

from 67.57B

4.28%

from 67.57B

Revenue Next Year

73.08B

from 70.46B

3.71%

from 70.46B

EPS This Year

26.53

from 27.55

-3.69%

from 27.55

EPS Next Year

28.27

from 26.53

6.55%

from 26.53

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	59.81B	65.40B	67.04B	65.98B	67.57B	70.46B	73.08B	75.71B	76.92B	78.61B
Revenue Growth	11.25%	9.34%	2.52%	-1.58%	2.41%	4.28%	3.71%	3.60%	1.59%	2.21%
EPS	21.95	24.30	22.76	21.66	27.55	26.53	28.27	29.87	31.79	31.98
EPS Growth	24.79%	10.71%	-6.34%	-4.83%	27.19%	-3.69%	6.55%	5.64%	6.44%	0.60%
Forward PE	-	-	-	-	-	17.55	16.47	15.59	14.65	14.56
No. Analysts	-	-	-	-	-	25	26	17	5	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	74.3B	77.5B	80.7B	81.9B	83.0B
Avg	70.5B	73.1B	75.7B	76.9B	78.6B
Low	67.4B	69.2B	70.8B	72.5B	75.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.9%	10.0%	10.4%	8.2%	8.0%
Avg	4.3%	3.7%	3.6%	1.6%	2.2%
Low	-0.3%	-1.8%	-3.1%	-4.3%	-2.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	28.19	30.35	33.13	33.86	35.10
Avg	26.53	28.27	29.87	31.79	31.98
Low	25.36	25.92	26.11	29.36	29.30

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	2.3%	14.4%	17.2%	13.4%	10.4%
Avg	-3.7%	6.6%	5.6%	6.4%	0.6%
Low	-7.9%	-2.3%	-7.7%	-1.7%	-7.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.