L3Harris Technologies (LHX) Stock Forecast & Price Target

$246.13 +0.80 (+0.33%)

(As of 11/29/2024 ET)

L3Harris Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
4

Buy
11

Based on 15 Wall Street analysts who have issued ratings for L3Harris Technologies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 4 have given a hold rating, and 11 have given a buy rating for LHX.

Consensus Price Target

$269.67
9.56% Upside

According to the 15 analysts' twelve-month price targets for L3Harris Technologies, the average price target is $269.67. The highest price target for LHX is $300.00, while the lowest price target for LHX is $229.00. The average price target represents a forecasted upside of 9.56% from the current price of $246.13.

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LHX Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$269.67	$264.07	$247.08	$223.88
Forecasted Upside	9.56% Upside	6.71% Upside	4.40% Upside	14.99% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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LHX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LHX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

L3Harris Technologies Stock vs. The Competition

Type	L3Harris Technologies	Aerospace Companies	S&P 500
Consensus Rating Score	2.73	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	9.56% Upside	42.17% Upside	6.50% Upside
News Sentiment Rating	Positive News See Recent LHX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	Argus 2 of 5 stars	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$300.00	+24.67%
10/31/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy	$240.00 ➝ $300.00	+22.18%
10/28/2024	Royal Bank of Canada 4 of 5 stars	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform ➝ Sector Perform	$240.00 ➝ $265.00	+5.73%
10/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$260.00 ➝ $295.00	+17.69%
10/28/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$293.00 ➝ $300.00	+20.96%
10/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$268.00 ➝ $291.00	+20.19%
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10/10/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Walton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$300.00	+23.80%
10/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$252.00 ➝ $250.00	+2.18%
8/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$275.00 ➝ $257.00	+11.44%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$245.00 ➝ $265.00	+17.89%
7/29/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$260.00 ➝ $270.00	+17.69%
5/1/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $250.00	+17.13%
4/22/2024	Alembic Global Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$238.00	+15.84%
1/29/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$222.00 ➝ $229.00	+8.96%
1/29/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$220.00 ➝ $235.00	+12.28%
10/31/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$198.00 ➝ $216.00	+23.88%
8/28/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$239.00 ➝ $210.00	+17.67%
8/11/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$162.00 ➝ $164.00	-12.74%
7/31/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$260.00 ➝ $250.00	+29.74%
5/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$240.00 ➝ $234.00	+19.91%
1/12/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$260.00 ➝ $240.00	+20.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:45 AM ET.

Should I Buy L3Harris Technologies Stock? LHX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these L3Harris Technologies pros and cons to contact@marketbeat.com.

L3Harris Technologies
Bull Case

Here are some ways that investors could benefit from investing in L3Harris Technologies, Inc.:

The current stock price is $248.16, reflecting a stable performance and potential for growth in the near future.
The company reported earnings per share (EPS) of $3.34, exceeding the consensus estimate of $3.27, indicating strong financial performance and effective management.
Revenue for the latest quarter was $5.29 billion, slightly above analyst expectations, showcasing the company's ability to generate consistent income.
L3Harris Technologies, Inc. has a solid market capitalization of approximately $47.07 billion, which suggests a strong position in the market and investor confidence.
The company has a dividend yield of 1.90%, providing investors with a return on their investment through regular dividend payments, which can be attractive for income-focused investors.

L3Harris Technologies
Bear Case

Investors should be bearish about investing in L3Harris Technologies, Inc. for these reasons:

Insider selling has occurred, with 8,964 shares sold valued at over $2 million, which may indicate a lack of confidence from those within the company.
The stock has a relatively high price-to-earnings (P/E) ratio of 39.20, suggesting that it may be overvalued compared to its earnings, which could deter value investors.
Despite a positive revenue growth of 7.7% year-over-year, the net margin is only 5.71%, indicating that profitability may be a concern for long-term sustainability.
Analysts have mixed ratings, with some maintaining a "hold" rating, which may suggest uncertainty about the stock's future performance.
The company has a debt-to-equity ratio of 0.58, which, while not excessively high, indicates that it does carry some debt, potentially impacting financial flexibility in adverse conditions.

LHX Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for L3Harris Technologies is $269.67, with a high forecast of $300.00 and a low forecast of $229.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for L3Harris Technologies in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LHX shares.
: According to analysts, L3Harris Technologies's stock has a predicted upside of 9.56% based on their 12-month stock forecasts.
: Over the previous 90 days, L3Harris Technologies's stock had 3 upgrades by analysts.
: L3Harris Technologies has been rated by research analysts at Argus, Bank of America, Citigroup, Deutsche Bank Aktiengesellschaft, Royal Bank of Canada, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like L3Harris Technologies more than other "aerospace" companies. The consensus rating score for L3Harris Technologies is 2.73 while the average consensus rating score for "aerospace" companies is 2.64. Learn more on how LHX compares to other companies.

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This page (NYSE:LHX) was last updated on 11/30/2024 by MarketBeat.com Staff

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L3Harris Technologies (LHX) Stock Forecast & Price Target