Lockheed Martin (LMT) Stock Forecast & Price Target

$445.73 -1.47 (-0.33%)

Closing price 03:59 PM Eastern

Extended Trading

$447.66 +1.93 (+0.43%)

As of 07:56 PM Eastern

Lockheed Martin - Analysts' Recommendations and Stock Price Forecast (2025)

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

Hold

Based on 20 Analyst Ratings

Sell
0

Hold
14

Buy
6

Based on 20 Wall Street analysts who have issued ratings for Lockheed Martin in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 14 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$506.35
13.60% Upside

According to the 20 analysts' twelve-month price targets for Lockheed Martin, the average price target is $506.35. The highest price target for LMT is $704.00, while the lowest price target for LMT is $432.00. The average price target represents a forecasted upside of 13.60% from the current price of $445.73.

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LMT Analyst Ratings Over Time

Type	Current Forecast 8/22/24 to 8/22/25	1 Month Ago 7/23/24 to 7/23/25	3 Months Ago 5/24/24 to 5/24/25	1 Year Ago 8/23/23 to 8/22/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	14 Hold rating(s)	14 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$506.35	$506.65	$541.80	$541.85
Forecasted Upside	13.60% Upside	20.82% Upside	15.45% Upside	-2.75% Downside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

LMT 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.

LMT 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.

Lockheed Martin Stock vs. The Competition

Type	Lockheed Martin	Aerospace Companies	S&P 500
Consensus Rating Score	2.35	2.78	2.53
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	13.68% Upside	20.17% Upside	9.63% Upside
News Sentiment Rating	Positive News See Recent LMT 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
8/21/2025	Bank of America 4 of 5 stars	Ronald Epstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$495.00 ➝ $480.00	+7.52%
7/23/2025	UBS Group 3 of 5 stars	Gavin Parsons Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$498.00 ➝ $453.00	+8.03%
7/23/2025	JPMorgan Chase & Co. 2 of 5 stars	Seth Seifman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$520.00 ➝ $465.00	+11.35%
7/23/2025	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Charles Minervino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$550.00 ➝ $490.00	+16.81%
7/23/2025	Royal Bank Of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Ken Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$480.00 ➝ $440.00	+5.00%
7/23/2025	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Arment Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$540.00 ➝ $500.00	+21.78%
7/23/2025	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Michael Ciarmoli Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$554.00 ➝ $440.00	+7.17%
7/22/2025	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Robert Stallard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold	$460.00	+9.16%
7/14/2025	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Douglas Harned Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Market Perform ➝ Market Perform	$551.00	+16.33%
7/10/2025	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
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7/10/2025	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Gautam Khanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$500.00 ➝ $480.00	+3.54%
4/28/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$510.00 ➝ $500.00	+6.14%
4/23/2025	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Arment Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
4/16/2025	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$575.00	+22.43%
4/8/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	Matthew Akers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$476.00 ➝ $432.00	-2.16%
3/24/2025	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Spingarn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/21/2025	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Jason Gursky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$700.00 ➝ $600.00	+18.91%
1/6/2025	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$565.00 ➝ $515.00	+9.26%
1/2/2025	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$611.00 ➝ $523.00	+7.63%
4/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$380.00 ➝ $377.00	-19.33%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 10:47 PM ET.

Should I Buy Lockheed Martin Stock? LMT 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 Friday, August 22, 2025. Please send any questions or comments about these Lockheed Martin pros and cons to contact@marketbeat.com.

Lockheed Martin
Bull Case

Here are some ways that investors could benefit from investing in Lockheed Martin Co.:

The current stock price is around $506.65, which reflects a strong position in the market and could indicate potential for growth.
Lockheed Martin Co. reported a quarterly earnings per share (EPS) of $7.29, exceeding analysts' expectations, which demonstrates robust financial performance.
The company has a high return on equity of 107.60%, indicating effective management and profitability relative to shareholder equity.
Lockheed Martin Co. has declared a quarterly dividend of $3.30 per share, providing a steady income stream for investors, with an annualized yield of 3.0%.
Analysts have a consensus rating of "Hold" with several upgrades, suggesting confidence in the company's stability and potential for future growth.

Lockheed Martin
Bear Case

Investors should be bearish about investing in Lockheed Martin Co. for these reasons:

The company’s revenue for the last quarter was slightly below analyst estimates, which may raise concerns about future growth prospects.
Lockheed Martin Co. has a relatively high dividend payout ratio of 74.32%, which could limit its ability to reinvest profits back into the business for growth.
Recent analyst downgrades and lowered price targets indicate some uncertainty about the stock's future performance.
The defense sector can be subject to government budget cuts and policy changes, which may impact Lockheed Martin Co.'s revenue streams.
Market volatility and geopolitical tensions can affect the aerospace and defense industry, potentially leading to fluctuations in stock performance.

LMT Forecast - Frequently Asked Questions

: According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $506.35, with a high forecast of $704.00 and a low forecast of $432.00.
: 20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There are currently 14 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" LMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LMT, but not buy additional shares or sell existing shares.
: According to analysts, Lockheed Martin's stock has a predicted upside of 13.60% based on their 12-month stock forecasts.
: Over the previous 90 days, Lockheed Martin's stock had 2 downgrades by analysts.
: Lockheed Martin has been rated by research analysts at Bank of America, Cowen, JPMorgan Chase & Co., Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Susquehanna, TD Cowen, Truist Financial, UBS Group, and Vertical Research in the past 90 days.
: Analysts like Lockheed Martin less than other "aerospace" companies. The consensus rating for Lockheed Martin is Hold while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how LMT compares to other companies.

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This page (NYSE:LMT) was last updated on 8/22/2025 by MarketBeat.com Staff

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Lockheed Martin (LMT) Stock Forecast & Price Target