L3Harris Technologies (LHX) Stock Forecast & Price Target

$229.71

0.00 (0.00%)

(As of 09/18/2024 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 13 Analyst Ratings

Based on 13 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 13 analysts, 4 have given a hold rating, and 9 have given a buy rating for LHX.

Consensus Price Target

$247.08
7.56% Upside

High Forecast	$270.00
Average Forecast	$247.08
Low Forecast	$216.00

According to the 13 analysts' twelve-month price targets for L3Harris Technologies, the average price target is $247.08. The highest price target for LHX is $270.00, while the lowest price target for LHX is $216.00. The average price target represents a forecasted upside of 7.56% from the current price of $229.71.

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$247.08	$244.43	$231.80	$229.36
Forecasted Upside	7.56% Upside	14.49% Upside	14.58% Upside	17.96% Upside

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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	2.69	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	7.54% Upside	44.15% Upside	7.72% Upside
News Sentiment Rating	Positive 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
8/14/2024	Royal Bank of Canada 4 of 5 stars	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	$250.00 ➝ $240.00	+5.32%
8/9/2024	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight	$275.00 ➝ $257.00	+11.44%
7/31/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$262.00 ➝ $260.00	+14.35%
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%
7/26/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$245.00 ➝ $257.00	+5.71%
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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%
2/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$238.00 ➝ $245.00	+18.08%
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%
12/14/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$224.00 ➝ $250.00	+20.74%
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%
8/2/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$230.00 ➝ $210.00	+11.87%
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%
11/10/2022	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
10/10/2022	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:57 PM ET.

LHX Forecast - Frequently Asked Questions

What is L3Harris Technologies' forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for L3Harris Technologies is $247.08, with a high forecast of $270.00 and a low forecast of $216.00.
Should I buy or sell L3Harris Technologies stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for L3Harris Technologies in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LHX shares.
Does L3Harris Technologies's stock price have much upside?: According to analysts, L3Harris Technologies's stock has a predicted upside of 14.29% based on their 12-month stock forecasts.
Has L3Harris Technologies been downgraded by Wall Street analysts recently?: Over the previous 90 days, L3Harris Technologies's stock had 3 downgrades by analysts.
What analysts cover L3Harris Technologies?: L3Harris Technologies has been rated by research analysts at Barclays, Deutsche Bank Aktiengesellschaft, Morgan Stanley, Royal Bank of Canada, Susquehanna, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like L3Harris Technologies more than its competitors?: Analysts like L3Harris Technologies more than other "aerospace" companies. The consensus rating score for L3Harris Technologies is 2.69 while the average consensus rating score for "aerospace" companies is 2.63. Learn more on how LHX compares to other companies.