Lockheed Martin (LMT) Stock Forecast & Price Target

$542.22 +0.21 (+0.04%)

(As of 11/22/2024 ET)

Lockheed Martin - 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 14 Analyst Ratings

Sell
1

Hold
4

Buy
9

Based on 14 Wall Street analysts who have issued ratings for Lockheed Martin in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 1 has given a sell rating, 4 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$611.00
12.68% Upside

According to the 14 analysts' twelve-month price targets for Lockheed Martin, the average price target is $611.00. The highest price target for LMT is $704.00, while the lowest price target for LMT is $377.00. The average price target represents a forecasted upside of 12.68% from the current price of $542.22.

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LMT Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$611.00	$606.71	$541.85	$484.07
Forecasted Upside	12.68% Upside	7.90% Upside	-2.91% Downside	7.09% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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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	2.64	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	12.68% Upside	82.75% Upside	7.66% 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
10/29/2024	Barclays 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$505.00 ➝ $565.00	+1.77%
10/23/2024	Royal Bank of Canada 4 of 5 stars	K. Herbert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform ➝ Outperform	$675.00 ➝ $665.00	+16.20%
10/23/2024	TD Cowen 4 of 5 stars	G. Khanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$560.00 ➝ $610.00	+6.50%
10/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$589.00 ➝ $603.00	+4.73%
10/23/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Positive ➝ Positive	$705.00 ➝ $695.00	+20.22%
10/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$519.00 ➝ $626.00	+7.69%
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10/14/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$560.00 ➝ $630.00	+3.96%
10/10/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$570.00 ➝ $700.00	+17.10%
10/3/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$600.00 ➝ $620.00	+2.77%
9/3/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Spingarn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$635.00 ➝ $635.00	+12.06%
8/9/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$503.00 ➝ $599.00	+8.59%
7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$483.00 ➝ $525.00	+3.57%
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%
10/4/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	$505.00 ➝ $455.00	+13.85%
4/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$478.00 ➝ $496.00	+0.17%
4/19/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$510.00 ➝ $550.00	+9.69%
1/30/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$523.00	+13.79%
1/6/2023	Vertical Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$491.00	+2.92%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:45 AM 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 Thursday, November 21, 2024. 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.:

Lockheed Martin Co. recently reported earnings per share of $6.84, exceeding the consensus estimate of $6.50, indicating strong financial performance and effective management.
The company has a solid dividend yield of 2.48%, with a recent increase in its quarterly dividend from $3.15 to $3.30 per share, reflecting a commitment to returning value to shareholders.
With a current stock price of $533.25, Lockheed Martin Co. is positioned within a 12-month high of $618.95, suggesting potential for price appreciation as market conditions evolve.
Lockheed Martin Co. has a high return on equity of 101.44%, demonstrating efficient use of equity capital to generate profits, which is attractive to investors looking for strong returns.
Analysts have a consensus rating of "Moderate Buy" with an average price target of $611.00, indicating positive sentiment and potential upside in the stock price.

Lockheed Martin
Bear Case

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

The company has a high debt-to-equity ratio of 2.66, which may indicate higher financial risk, as it relies significantly on debt to finance its operations.
Lockheed Martin Co. reported revenue of $17.10 billion, which fell short of the consensus estimate of $17.38 billion, suggesting potential challenges in meeting market expectations.
The stock has a relatively low beta of 0.49, indicating lower volatility compared to the market, which may limit potential gains during bullish market conditions.
Despite a recent increase in dividends, the dividend payout ratio stands at 45.62%, which may limit future dividend growth if earnings do not continue to rise.
One analyst has rated the stock with a sell rating, indicating some skepticism about its future performance, which could influence investor sentiment negatively.

LMT Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $611.00, with a high forecast of $704.00 and a low forecast of $377.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There is currently 1 sell rating, 4 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LMT shares.
: According to analysts, Lockheed Martin's stock has a predicted upside of 12.68% based on their 12-month stock forecasts.
: Over the previous 90 days, Lockheed Martin's stock had 3 upgrades by analysts.
: Lockheed Martin has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Melius, Melius Research, Robert W. Baird, Royal Bank of Canada, Susquehanna, TD Cowen, and UBS Group in the past 90 days.
: Analysts like Lockheed Martin less than other "aerospace" companies. The consensus rating score for Lockheed Martin is 2.64 while the average consensus rating score for "aerospace" companies is 2.64. Learn more on how LMT compares to other companies.

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This page (NYSE:LMT) was last updated on 11/24/2024 by MarketBeat.com Staff

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Lockheed Martin (LMT) Stock Forecast & Price Target