Lockheed Martin Corporation (LMT)
NYSE: LMT · IEX Real-Time Price · USD
456.05
+1.74 (0.38%)
At close: Apr 17, 2024, 4:00 PM
455.20
-0.85 (-0.19%)
After-hours: Apr 17, 2024, 5:50 PM EDT

Lockheed Martin Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Lockheed Martin stock have an average target of 487.22, with a low estimate of 435 and a high estimate of 540. The average target predicts an increase of 6.83% from the current stock price of 456.05.

Analyst Consensus: Buy
Target Low Average Median High
Price $435 $487.22 $496 $540
Change -4.62% +6.83% +8.76% +18.41%

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 Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 222221
Buy 111112
Hold 888886
Sell 111110
Strong Sell 110000
Total 13131212129

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
JP Morgan
JP Morgan
Buy
Upgrades
$475$518
Buy Upgrades $475$518 +13.58% Apr 15, 2024
Morgan Stanley
Morgan Stanley
Hold
Maintains
$513$503
Hold Maintains $513$503 +10.29% Jan 24, 2024
Susquehanna
Susquehanna
Buy
Maintains
$550$540
Buy Maintains $550$540 +18.41% Jan 24, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$540$508
Strong Buy Maintains $540$508 +11.39% Jan 24, 2024
RBC Capital
RBC Capital
Hold
Maintains
$475$470
Hold Maintains $475$470 +3.06% Jan 24, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
70.16B
from 67.57B
Increased by 3.83%
Revenue Next Year
72.63B
from 70.16B
Increased by 3.52%
EPS This Year
26.30
from 27.55
Decreased by -4.54%
EPS Next Year
27.99
from 26.30
Increased by 6.42%
Year 201920202021202220232024202520262027
Revenue
59.81B65.40B67.04B65.98B67.57B70.16B72.63B75.14B75.49B
Revenue Growth
11.25%9.34%2.52%-1.58%2.41%3.83%3.52%3.47%0.46%
EPS
21.9524.3022.7621.6627.5526.3027.9929.4431.10
EPS Growth
24.79%10.71%-6.34%-4.83%27.19%-4.54%6.42%5.20%5.63%
No. Analysts -----2525144
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 73.5B 77.1B 80.5B 80.3B
Avg 70.2B 72.6B 75.1B 75.5B
Low 67.3B 68.6B 70.1B 71.2B

Revenue Growth

Revenue Growth 2024202520262027
High
8.7%
9.9%
10.8%
6.9%
Avg
3.8%
3.5%
3.5%
0.5%
Low
-0.4%
-2.3%
-3.5%
-5.3%

EPS Forecast

EPS 2024202520262027
High 27.77 30.66 32.76 33.71
Avg 26.30 27.99 29.44 31.10
Low 25.06 25.69 26.08 29.11

EPS Growth

EPS Growth 2024202520262027
High
0.8%
16.6%
17.1%
14.5%
Avg
-4.5%
6.4%
5.2%
5.6%
Low
-9.0%
-2.3%
-6.8%
-1.1%
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.