Lockheed Martin Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Lockheed Martin stock have an average target of 531.6, with a low estimate of 440 and a high estimate of 600. The average target predicts an increase of 1.30% from the current stock price of 524.80.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$440	$531.6	$538	$600
Change	-16.16%	+1.30%	+2.52%	+14.33%

Analyst Ratings

The average analyst rating for LMT stock from 10 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	2	2	1	1	1	3
Buy	1	1	2	2	2	2
Hold	8	8	6	6	6	5
Sell	1	1	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	12	9	9	9	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Scott Deuschle Deutsche Bank	Deutsche Bank	Hold → Strong Buy Upgrades $540 → $600	Hold → Strong Buy	Upgrades	$540 → $600	+14.33%	Jul 26, 2024
Seth Seifman JP Morgan	JP Morgan	Buy Maintains $518 → $560	Buy	Maintains	$518 → $560	+6.71%	Jul 25, 2024
Scott Deuschle Deutsche Bank	Deutsche Bank	Hold Maintains $487 → $540	Hold	Maintains	$487 → $540	+2.90%	Jul 24, 2024
Ken Herbert RBC Capital	RBC Capital	Hold Maintains $470 → $500	Hold	Maintains	$470 → $500	-4.73%	Jul 24, 2024
Matthew Akers Wells Fargo	Wells Fargo	Hold Maintains $483 → $525	Hold	Maintains	$483 → $525	+0.04%	Jul 24, 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	-	-	-	-	-	19.78	18.56	17.57	16.51	16.41
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.