Lockheed Martin (LMT) Stock Forecast, Price Target & Predictions
LMT Stock Forecast
Lockheed Martin stock forecast is as follows: an average price target of $512.22 (represents a -10.12% downside from LMT’s last price of $569.91) and a rating consensus of 'Buy', based on 14 wall street analysts offering a 1-year stock forecast.
LMT Price Target
The average price target for Lockheed Martin (LMT) is $512.22 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $704.00 to $332.00. This represents a potential -10.12% downside from LMT's last price of $569.91.
LMT Analyst Ratings
According to 14 Wall Street analysts, Lockheed Martin's rating consensus is 'Buy'. The analyst rating breakdown for LMT stock is 0 'Strong Buy' (0.00%), 7 'Buy' (50.00%), 6 'Hold' (42.86%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).
Lockheed Martin Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 03, 2024 | Robert Spingarn | Melius Research | $704.00 | $568.10 | 23.92% | 23.53% |
| Aug 09, 2024 | Kristine Liwag | Morgan Stanley | $599.00 | $551.62 | 8.59% | 5.10% |
| Aug 05, 2024 | Ken Herbert | RBC Capital | $600.00 | $548.77 | 9.34% | 5.28% |
| Jul 31, 2024 | Ronald Epstein | Bank of America Securities | $635.00 | $537.66 | 18.10% | 11.42% |
| Jul 30, 2024 | David Strauss | Barclays | $505.00 | $527.64 | -4.29% | -11.39% |
| Jul 26, 2024 | Scott Deuschle | Deutsche Bank | $600.00 | $526.72 | 13.91% | 5.28% |
| Jul 24, 2024 | Ken Herbert | RBC Capital | $500.00 | $503.24 | -0.64% | -12.27% |
| Apr 25, 2024 | Matthew Akers | Wells Fargo | $480.00 | $459.14 | 4.54% | -15.78% |
| Apr 24, 2024 | Scott Deuschle | Deutsche Bank | $487.00 | $459.14 | 6.07% | -14.55% |
| Apr 15, 2024 | Sheila Kahyaoglu | Jefferies | $485.00 | $453.08 | 7.05% | -14.90% |
The latest Lockheed Martin stock forecast, released on Sep 03, 2024 by Robert Spingarn from Melius Research, set a price target of $704.00, which represents a 23.92% increase from the stock price at the time of the forecast ($568.10), and a 23.53% increase from LMT last price ($569.91).
Lockheed Martin Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 7 | 10 |
| Avg Price Target | $704.00 | $591.86 | $559.50 |
| Last Closing Price | $569.91 | $569.91 | $569.91 |
| Upside/Downside | 23.53% | 3.85% | -1.83% |
In the current month, the average price target of Lockheed Martin stock is $704.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 23.53% increase as opposed to Lockheed Martin's last price of $569.91. This month's average price target is up 18.95% compared to last quarter, and up 25.83% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 05, 2024 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Jul 30, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 26, 2024 | Deutsche Bank | Hold | Buy | Upgrade |
| Jul 25, 2024 | Seaport Global | Buy | Buy | Hold |
| Jul 24, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 24, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jul 24, 2024 | Susquehanna | Positive | Positive | Hold |
| Jul 24, 2024 | UBS | Neutral | Neutral | Hold |
| Jul 24, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Lockheed Martin's last stock rating was published by Morgan Stanley on Aug 09, 2024. The company gave LMT a "Equal-Weight" rating, the same as its previous rate.
Lockheed Martin Financial Forecast
Lockheed Martin Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $18.87B | $16.88B | $16.69B | $15.13B | $18.99B | $16.58B | - | $14.96B | $17.73B | $16.03B | $17.03B | $16.26B | $17.03B | $16.50B | $16.22B | $15.65B | $15.88B | $15.17B |
| Avg Forecast | $20.71B | $19.50B | $19.75B | $18.34B | $19.61B | $18.41B | $18.75B | $17.64B | $18.49B | $17.48B | $17.04B | $16.04B | $17.96B | $16.73B | $15.92B | $15.04B | $18.28B | $16.65B | $15.98B | $15.58B | $17.66B | $17.12B | $16.94B | $16.33B | $16.95B | $16.11B | $15.23B | $15.08B | $15.30B | $14.87B |
| High Forecast | $21.15B | $19.91B | $20.17B | $18.73B | $20.03B | $18.80B | $19.15B | $18.02B | $18.89B | $17.86B | $17.40B | $16.38B | $18.18B | $17.09B | $16.26B | $15.36B | $18.67B | $17.01B | $15.98B | $15.78B | $17.89B | $17.34B | $17.16B | $16.53B | $17.17B | $16.32B | $15.42B | $15.27B | $15.49B | $15.06B |
| Low Forecast | $20.08B | $18.90B | $19.15B | $17.77B | $19.01B | $17.85B | $18.18B | $17.10B | $17.93B | $17.17B | $16.51B | $15.55B | $17.72B | $16.22B | $15.43B | $14.58B | $17.72B | $16.14B | $15.98B | $15.06B | $17.07B | $16.55B | $16.37B | $15.78B | $16.39B | $15.57B | $14.72B | $14.57B | $14.78B | $14.37B |
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 10 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.05% | 1.01% | 1.04% | 1.00% | - | 0.96% | 1.00% | 0.94% | 1.01% | 1.00% | 1.00% | 1.02% | 1.07% | 1.04% | 1.04% | 1.02% |
Lockheed Martin's average Quarter revenue forecast for Mar 24 based on 10 analysts is $16.04B, with a low forecast of $15.55B, and a high forecast of $16.38B. LMT's average Quarter revenue forecast represents a -15.02% decrease compared to the company's last Quarter revenue of $18.87B (Dec 23).
Lockheed Martin EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 10 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $2.29B | $2.04B | $2.56B | $2.52B | $2.39B | $2.54B | - | $2.52B | $3.00B | $1.15B | $2.65B | $2.69B | $2.70B | $2.46B | $2.42B | $2.48B | $2.31B | $2.25B |
| Avg Forecast | $3.04B | $2.86B | $2.90B | $2.69B | $2.88B | $2.70B | $2.75B | $2.59B | $2.72B | $2.57B | $2.50B | $2.94B | $2.64B | $2.46B | $2.34B | $2.67B | $2.69B | $1.77B | $2.35B | $2.43B | $2.87B | $1.61B | $2.39B | $2.58B | $2.68B | $2.40B | $2.39B | $2.36B | $2.19B | $1.96B |
| High Forecast | $3.11B | $2.93B | $2.96B | $2.75B | $2.94B | $2.76B | $2.81B | $2.65B | $2.77B | $2.62B | $2.56B | $3.53B | $2.67B | $2.51B | $2.39B | $3.21B | $2.74B | $2.12B | $2.35B | $2.92B | $3.45B | $1.93B | $2.87B | $3.10B | $3.21B | $2.88B | $2.87B | $2.83B | $2.63B | $2.35B |
| Low Forecast | $2.95B | $2.78B | $2.81B | $2.61B | $2.79B | $2.62B | $2.67B | $2.51B | $2.63B | $2.52B | $2.43B | $2.35B | $2.60B | $2.38B | $2.27B | $2.14B | $2.60B | $1.41B | $2.35B | $1.95B | $2.30B | $1.29B | $1.92B | $2.06B | $2.14B | $1.92B | $1.91B | $1.89B | $1.75B | $1.57B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.83% | 1.10% | 0.94% | 0.89% | 1.44% | - | 1.04% | 1.05% | 0.72% | 1.11% | 1.04% | 1.01% | 1.03% | 1.01% | 1.05% | 1.05% | 1.15% |
10 analysts predict LMT's average Quarter EBITDA for Mar 24 to be $2.94B, with a high of $3.53B and a low of $2.35B. This is 28.31% upper than Lockheed Martin's previous annual EBITDA (Dec 23) of $2.29B.
Lockheed Martin Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 10 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.87B | $1.68B | $1.68B | $1.69B | $1.91B | $1.78B | - | $1.73B | $2.05B | $614.00M | $1.81B | $1.84B | $1.79B | $1.70B | $1.63B | $1.72B | $1.50B | $1.61B |
| Avg Forecast | $1.87B | $1.80B | $1.79B | $1.70B | $1.81B | $1.71B | $1.73B | $1.59B | $1.62B | $1.55B | $1.55B | $2.02B | $1.74B | $1.60B | $1.54B | $1.84B | $1.78B | $944.18M | $453.97M | $1.67B | $1.96B | $858.35M | $1.64B | $1.76B | $1.78B | $1.65B | $1.61B | $1.63B | $1.42B | $1.40B |
| High Forecast | $1.92B | $1.85B | $1.84B | $1.74B | $1.86B | $1.76B | $1.78B | $1.64B | $1.67B | $1.66B | $1.59B | $2.42B | $1.78B | $1.64B | $1.59B | $2.20B | $1.83B | $1.13B | $453.97M | $2.00B | $2.35B | $1.03B | $1.97B | $2.12B | $2.13B | $1.98B | $1.93B | $1.96B | $1.70B | $1.68B |
| Low Forecast | $1.80B | $1.73B | $1.72B | $1.63B | $1.74B | $1.64B | $1.66B | $1.53B | $1.56B | $1.48B | $1.49B | $1.62B | $1.70B | $1.53B | $1.48B | $1.47B | $1.71B | $755.35M | $453.97M | $1.34B | $1.57B | $686.68M | $1.31B | $1.41B | $1.42B | $1.32B | $1.28B | $1.31B | $1.14B | $1.12B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.05% | 1.09% | 0.92% | 1.08% | 1.88% | - | 1.04% | 1.05% | 0.72% | 1.11% | 1.04% | 1.01% | 1.03% | 1.01% | 1.05% | 1.05% | 1.15% |
Lockheed Martin's average Quarter net income forecast for Mar 24 is $2.02B, with a range of $1.62B to $2.42B. LMT's average Quarter net income forecast represents a 8.21% increase compared to the company's last Quarter net income of $1.87B (Dec 23).
Lockheed Martin SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 10 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $218.94M | $206.08M | $208.79M | $193.83M | $207.28M | $194.61M | $198.23M | $186.50M | $195.50M | $184.78M | $180.10M | $169.55M | $189.80M | $176.87M | $168.32M | $159.00M | $193.23M | $176.00M | $168.92M | $141.67M | $160.62M | $155.69M | $154.06M | $148.46M | $154.17M | $146.54M | $138.47M | $137.12M | $139.11M | $135.20M |
| High Forecast | $223.63M | $210.49M | $213.26M | $197.98M | $211.72M | $198.77M | $202.48M | $190.49M | $199.68M | $188.81M | $183.96M | $173.18M | $192.23M | $180.66M | $171.93M | $162.40M | $197.36M | $179.77M | $168.92M | $143.48M | $162.67M | $157.69M | $156.04M | $150.36M | $156.14M | $148.42M | $140.24M | $138.87M | $140.89M | $136.93M |
| Low Forecast | $212.22M | $199.76M | $202.39M | $187.89M | $200.92M | $188.64M | $192.15M | $180.78M | $189.50M | $181.50M | $174.58M | $164.35M | $187.27M | $171.45M | $163.16M | $154.12M | $187.30M | $170.61M | $168.92M | $136.93M | $155.24M | $150.48M | $148.90M | $143.49M | $149.01M | $141.64M | $133.83M | $132.52M | $134.45M | $130.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Lockheed Martin's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to LMT last annual SG&A of $NaN (undefined).
Lockheed Martin EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 7 | 5 | 5 | 8 | 5 | 4 | 4 | 8 | 11 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 8 | 6 | 5 | 10 | 16 | 11 | 8 | 8 | 12 | 7 | 12 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $7.61 | $6.75 | $6.65 | $6.63 | $7.44 | $6.73 | - | $6.46 | $7.50 | $2.22 | $6.54 | $6.58 | $6.41 | $6.08 | $5.81 | $6.10 | $5.32 | $5.70 |
| Avg Forecast | $7.81 | $7.50 | $7.46 | $7.08 | $7.57 | $7.14 | $7.21 | $6.65 | $6.78 | $6.47 | $6.46 | $5.82 | $7.27 | $6.67 | $6.45 | $6.00 | $7.41 | $6.66 | $1.88 | $6.21 | $7.16 | $1.97 | $6.53 | $6.30 | $6.42 | $6.09 | $5.72 | $5.81 | $5.03 | $5.02 |
| High Forecast | $8.03 | $7.71 | $7.66 | $7.28 | $7.78 | $7.34 | $7.41 | $6.84 | $6.97 | $6.92 | $6.64 | $5.98 | $7.44 | $6.85 | $6.63 | $6.17 | $7.62 | $6.84 | $1.88 | $6.31 | $7.28 | $2.01 | $6.64 | $6.41 | $6.52 | $6.19 | $5.82 | $5.90 | $5.11 | $5.10 |
| Low Forecast | $7.50 | $7.20 | $7.16 | $6.80 | $7.27 | $6.85 | $6.92 | $6.39 | $6.51 | $6.18 | $6.20 | $5.59 | $7.10 | $6.40 | $6.19 | $5.76 | $7.12 | $6.39 | $1.88 | $5.94 | $6.84 | $1.89 | $6.25 | $6.03 | $6.14 | $5.83 | $5.47 | $5.55 | $4.81 | $4.80 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.01% | 1.03% | 1.10% | 1.00% | 1.01% | - | 1.04% | 1.05% | 1.12% | 1.00% | 1.04% | 1.00% | 1.00% | 1.02% | 1.05% | 1.06% | 1.14% |
According to 10 Wall Street analysts, Lockheed Martin's projected average Quarter EPS for Mar 24 is $5.82, with a low estimate of $5.59 and a high estimate of $5.98. This represents a -23.53% decrease compared to LMT previous annual EPS of $7.61 (Dec 23).
Lockheed Martin Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPCE | Virgin Galactic | $6.99 | $15.88 | 127.18% | Hold |
| BA | Boeing Company | $156.77 | $205.35 | 30.99% | Buy |
| LHX | L3Harris | $229.77 | $245.80 | 6.98% | Buy |
| GD | General Dynamics | $304.80 | $301.14 | -1.20% | Buy |
| NOC | Northrop Grumman | $519.78 | $490.58 | -5.62% | Hold |
| HII | Huntington Ingalls Industries | $261.55 | $244.83 | -6.39% | Hold |
| RTX | RTX | $119.12 | $108.65 | -8.79% | Buy |
| LMT | Lockheed Martin | $569.91 | $512.22 | -10.12% | Buy |
LMT Forecast FAQ
Is Lockheed Martin a good buy?
Yes, according to 14 Wall Street analysts, Lockheed Martin (LMT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 50.00% of LMT's total ratings.
What is LMT's price target?
Lockheed Martin (LMT) average price target is $512.22 with a range of $332 to $704, implying a -10.12% from its last price of $569.91. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Lockheed Martin stock go up soon?
According to Wall Street analysts' prediction for LMT stock, the company can go down by -10.12% (from the last price of $569.91 to the average price target of $512.22), up by 23.53% based on the highest stock price target, and down by -41.75% based on the lowest stock price target.
Can Lockheed Martin stock reach $900?
LMT's average twelve months analyst stock price target of $512.22 does not support the claim that Lockheed Martin can reach $900 in the near future.
What is Lockheed Martin's current price target trend?
1 Wall Street analyst forecast a $704 price target for Lockheed Martin (LMT) this month, up 23.53% from its last price of $569.91. Compared to the last 3 and 12 months, the average price target increased by 3.85% and decreased by -1.83%, respectively.
What are Lockheed Martin's analysts' financial forecasts?
Lockheed Martin's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $74.41B (high $76.01B, low $72.13B), average EBITDA is $10.93B (high $11.17B, low $10.6B), average net income is $6.85B (high $7.04B, low $6.57B), average SG&A $786.62M (high $803.46M, low $762.5M), and average EPS is $28.57 (high $29.36, low $27.43). LMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $78.29B (high $79.97B, low $75.89B), average EBITDA is $11.5B (high $11.75B, low $11.15B), average net income is $7.15B (high $7.35B, low $6.87B), average SG&A $827.64M (high $845.37M, low $802.26M), and average EPS is $29.85 (high $30.68, low $28.66).
Did the LMT's actual financial results beat the analysts' financial forecasts?
Based on Lockheed Martin's last annual report (Dec 2023), the company's revenue was $67.57B, beating the average analysts forecast of $65.65B by 2.92%. Apple's EBITDA was $8.51B, missing the average prediction of $10.11B by -15.85%. The company's net income was $6.92B, beating the average estimation of $6.72B by 2.97%. Apple's SG&A was $0, missing the average forecast of $693.99M by -100.00%. Lastly, the company's EPS was $27.65, beating the average prediction of $26.39 by 4.78%. In terms of the last quarterly report (Dec 2023), Lockheed Martin's revenue was $18.87B, beating the average analysts' forecast of $17.96B by 5.12%. The company's EBITDA was $2.29B, missing the average prediction of $2.64B by -13.07%. Lockheed Martin's net income was $1.87B, beating the average estimation of $1.74B by 7.08%. The company's SG&A was $0, missing the average forecast of $189.8M by -100.00%. Lastly, the company's EPS was $7.61, beating the average prediction of $7.27 by 4.63%