Lockheed Martin Corporation (LMT)
NYSE: LMT · IEX Real-Time Price · USD
464.83
+0.75 (0.16%)
At close: May 16, 2024, 4:00 PM
464.00
-0.83 (-0.18%)
After-hours: May 16, 2024, 7:58 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 495.78, with a low estimate of 440 and a high estimate of 540. The average target predicts an increase of 6.66% from the current stock price of 464.83.
Analyst Consensus: Buy
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 8 | 8 | 8 | 8 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 0 | 0 |
| Strong Sell | 1 | 0 | 0 | 0 | 0 | 0 |
| Total | 13 | 12 | 12 | 12 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Hold Maintains $460 → $480 | Hold | Maintains | $460 → $480 | +3.26% | Apr 25, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Maintains $467 → $487 | Hold | Maintains | $467 → $487 | +4.77% | Apr 25, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $508 → $525 | Strong Buy | Maintains | $508 → $525 | +12.94% | Apr 24, 2024 |
| UBS | UBS | Hold Maintains $482 → $499 | Hold | Maintains | $482 → $499 | +7.35% | Apr 24, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades $475 → $518 | Hold → Buy | Upgrades | $475 → $518 | +11.44% | Apr 15, 2024 |
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%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 73.5B | 77.1B | 80.5B | 81.9B | 83.0B |
| Avg | 70.2B | 72.6B | 75.1B | 76.9B | 78.6B |
| Low | 67.3B | 68.6B | 70.1B | 72.5B | 75.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.7% | 9.9% | 10.8% | 9.0% | 8.0% |
| Avg | 3.8% | 3.5% | 3.5% | 2.4% | 2.2% |
| Low | -0.4% | -2.3% | -3.5% | -3.6% | -2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.77 | 30.66 | 32.76 | 33.86 | 35.10 |
| Avg | 26.30 | 27.99 | 29.44 | 31.79 | 31.98 |
| Low | 25.06 | 25.69 | 26.08 | 29.36 | 29.30 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 0.8% | 16.6% | 17.1% | 15.0% | 10.4% |
| Avg | -4.5% | 6.4% | 5.2% | 8.0% | 0.6% |
| Low | -9.0% | -2.3% | -6.8% | -0.3% | -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.