Lockheed Martin (LMT) Stock Forecast, Price Target & Predictions

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LMT Stock Forecast

Lockheed Martin stock forecast is as follows: an average price target of $536.06 (represents a 0.53% upside from LMT’s last price of $533.26) and a rating consensus of 'Buy', based on 15 wall street analysts offering a 1-year stock forecast.

LMT Price Target

The average price target for Lockheed Martin (LMT) is $536.06 based on 1-year price targets from 15 Wall Street analysts in the past 3 months, with a price target range of $704.00 to $401.00. This represents a potential 0.53% upside from LMT's last price of $533.26.

LMT Analyst Ratings

Buy

According to 15 Wall Street analysts, Lockheed Martin's rating consensus is 'Buy'. The analyst rating breakdown for LMT stock is 0 'Strong Buy' (0.00%), 8 'Buy' (53.33%), 6 'Hold' (40.00%), 1 'Sell' (6.67%), 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
Oct 30, 2024	Sheila Kahyaoglu	Jefferies	$580.00	$546.80	6.07%	8.76%
Oct 24, 2024	Sheila Kahyaoglu	Jefferies	$590.00	$571.10	3.31%	10.64%
Oct 23, 2024	Charles Minervino	Susquehanna	$695.00	$576.98	20.45%	30.33%
Oct 23, 2024	Ken Herbert	RBC Capital	$665.00	$576.98	15.26%	24.70%
Oct 23, 2024	Noah Poponak	Goldman Sachs	$434.00	$576.98	-24.78%	-18.61%
Oct 23, 2024	Scott Deuschle	Deutsche Bank	$611.00	$576.98	5.90%	14.58%
Oct 07, 2024	Ken Herbert	RBC Capital	$675.00	$605.13	11.55%	26.58%
Oct 03, 2024	Scott Deuschle	Deutsche Bank	$620.00	$603.79	2.68%	16.27%
Sep 03, 2024	Robert Spingarn	Melius Research	$704.00	$568.10	23.92%	32.02%
Aug 09, 2024	Kristine Liwag	Morgan Stanley	$599.00	$551.62	8.59%	12.33%

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The latest Lockheed Martin stock forecast, released on Oct 30, 2024 by Sheila Kahyaoglu from Jefferies, set a price target of $580.00, which represents a 6.07% increase from the stock price at the time of the forecast ($546.80), and a 8.76% increase from LMT last price ($533.26).

Lockheed Martin Price Target by Period

	1M	3M	12M
# Anlaysts	6	9	18
Avg Price Target	$595.83	$619.33	$581.39
Last Closing Price	$533.26	$533.26	$533.26
Upside/Downside	11.73%	16.14%	9.03%

In the current month, the average price target of Lockheed Martin stock is $595.83, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 11.73% increase as opposed to Lockheed Martin's last price of $533.26. This month's average price target is down -3.79% compared to last quarter, and up 2.48% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 29, 2024	Barclays	Equal-Weight	Equal-Weight	Hold
Oct 24, 2024	Jefferies	Hold	Hold	Hold
Oct 23, 2024	Cowen & Co.	Buy	Buy	Hold
Oct 23, 2024	Susquehanna	Positive	Positive	Hold
Oct 23, 2024	Goldman Sachs	Sell	Sell	Hold
Oct 11, 2024	Bernstein	Market Perform	Market Perform	Hold
Oct 10, 2024	Citigroup	Buy	Buy	Hold
Oct 07, 2024	RBC Capital	Outperform	Outperform	Hold
Oct 03, 2024	Deutsche Bank	Buy	Buy	Hold
Aug 09, 2024	Morgan Stanley	Equal-Weight	Equal-Weight	Hold

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Lockheed Martin's last stock rating was published by Barclays on Oct 29, 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	Jun 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	$15.45B	$14.96B	$17.73B	$16.03B	$17.03B	$16.26B	$17.03B	$16.50B	$16.22B	$15.65B	$15.88B	$15.17B
Avg Forecast	$20.18B	$19.18B	$19.62B	$18.42B	$19.60B	$18.21B	$18.57B	$17.62B	$18.84B	$17.35B	$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	$20.42B	$19.40B	$19.85B	$18.64B	$19.83B	$18.42B	$18.79B	$17.88B	$18.87B	$17.43B	$17.04B	$16.04B	$18.18B	$16.93B	$16.11B	$15.22B	$18.49B	$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
Low Forecast	$19.75B	$18.77B	$19.20B	$18.03B	$19.18B	$17.82B	$18.17B	$17.49B	$18.80B	$17.27B	$17.03B	$16.04B	$17.72B	$16.37B	$15.58B	$14.72B	$17.89B	$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
# Analysts	4	4	4	4	3	3	3	8	10	8	5	9	11	5	5	8	4	4	4	7	5	5	10	7	9	9	9	9	8	8
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.01%	1.05%	1.01%	1.04%	1.00%	0.97%	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 9 analysts is $16.04B, with a low forecast of $16.04B, and a high forecast of $16.04B. 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	8	10	8	5	9	11	5	5	8	4	4	4	7	5	5	10	7	9	9	9	9	8	8
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$2.29B	$2.04B	$2.56B	$2.52B	$2.39B	$2.54B	$814.00M	$2.52B	$3.00B	$1.15B	$2.65B	$2.69B	$2.70B	$2.46B	$2.42B	$2.48B	$2.31B	$2.25B
Avg Forecast	$2.96B	$2.82B	$2.88B	$2.71B	$2.88B	$2.67B	$2.73B	$2.59B	$2.77B	$2.55B	$2.50B	$2.94B	$2.64B	$2.46B	$2.34B	$2.67B	$3.16B	$2.45B	$2.35B	$2.43B	$2.59B	$2.52B	$2.49B	$2.58B	$2.49B	$2.37B	$2.24B	$2.36B	$2.25B	$2.18B
High Forecast	$3.00B	$2.85B	$2.92B	$2.74B	$2.91B	$2.71B	$2.76B	$2.63B	$2.77B	$2.56B	$2.50B	$3.53B	$2.67B	$2.49B	$2.37B	$3.21B	$3.79B	$2.45B	$2.35B	$2.92B	$2.59B	$2.52B	$2.49B	$3.10B	$2.49B	$2.37B	$2.24B	$2.83B	$2.25B	$2.18B
Low Forecast	$2.90B	$2.76B	$2.82B	$2.65B	$2.82B	$2.62B	$2.67B	$2.57B	$2.76B	$2.54B	$2.50B	$2.35B	$2.60B	$2.41B	$2.29B	$2.14B	$2.53B	$2.45B	$2.35B	$1.95B	$2.59B	$2.52B	$2.49B	$2.06B	$2.49B	$2.37B	$2.24B	$1.89B	$2.25B	$2.18B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.87%	0.83%	1.10%	0.94%	0.76%	1.04%	0.35%	1.04%	1.16%	0.46%	1.06%	1.04%	1.08%	1.04%	1.08%	1.05%	1.03%	1.03%

9 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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	8	10	8	5	9	11	5	5	8	4	4	4	7	5	5	10	7	9	9	9	9	8	8
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$1.87B	$1.68B	$1.68B	$1.69B	$1.91B	$1.78B	$309.00M	$1.73B	$2.05B	$614.00M	$1.81B	$1.84B	$1.79B	$1.70B	$1.63B	$1.72B	$1.50B	$1.61B
Avg Forecast	$1.83B	$1.79B	$1.80B	$1.68B	$1.73B	$1.69B	$1.70B	$1.55B	$1.57B	$1.56B	$1.54B	$2.02B	$1.74B	$1.59B	$1.54B	$1.84B	$2.16B	$1.60B	$450.21M	$1.67B	$1.71B	$473.06M	$1.57B	$1.76B	$1.54B	$1.46B	$1.37B	$1.63B	$1.20B	$1.20B
High Forecast	$1.85B	$1.82B	$1.82B	$1.70B	$1.75B	$1.71B	$1.73B	$1.60B	$1.62B	$1.57B	$1.54B	$2.42B	$1.78B	$1.62B	$1.56B	$2.20B	$2.59B	$1.60B	$450.21M	$2.00B	$1.71B	$473.06M	$1.57B	$2.12B	$1.54B	$1.46B	$1.37B	$1.96B	$1.20B	$1.20B
Low Forecast	$1.78B	$1.74B	$1.75B	$1.63B	$1.68B	$1.64B	$1.65B	$1.50B	$1.52B	$1.54B	$1.54B	$1.62B	$1.69B	$1.55B	$1.50B	$1.47B	$1.73B	$1.60B	$450.21M	$1.34B	$1.71B	$473.06M	$1.57B	$1.41B	$1.54B	$1.46B	$1.37B	$1.31B	$1.20B	$1.20B
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.08%	1.06%	1.09%	0.92%	0.89%	1.11%	0.69%	1.04%	1.20%	1.30%	1.16%	1.04%	1.17%	1.16%	1.19%	1.05%	1.24%	1.34%

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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	8	10	8	5	9	11	5	5	8	4	4	4	7	5	5	10	7	9	9	9	9	8	8
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Avg Forecast	$92.25M	$87.68M	$89.70M	$84.21M	$89.59M	$83.23M	$84.89M	$80.54M	$86.10M	$79.32M	$77.88M	$73.32M	$82.08M	$76.49M	$72.79M	$68.76M	$83.56M	$176.00M	$168.92M	$164.68M	$186.70M	$180.98M	$179.08M	$172.57M	$179.21M	$170.34M	$160.96M	$159.38M	$161.71M	$157.16M
High Forecast	$93.33M	$88.70M	$90.75M	$85.19M	$90.63M	$84.20M	$85.88M	$81.73M	$86.24M	$79.68M	$77.91M	$73.33M	$83.13M	$77.38M	$73.64M	$69.56M	$84.53M	$176.00M	$168.92M	$164.68M	$186.70M	$180.98M	$179.08M	$172.57M	$179.21M	$170.34M	$160.96M	$159.38M	$161.71M	$157.16M
Low Forecast	$90.28M	$85.81M	$87.79M	$82.41M	$87.67M	$81.46M	$83.08M	$79.94M	$85.92M	$78.97M	$77.86M	$73.32M	$80.98M	$74.85M	$71.24M	$67.29M	$81.78M	$176.00M	$168.92M	$164.68M	$186.70M	$180.98M	$179.08M	$172.57M	$179.21M	$170.34M	$160.96M	$159.38M	$161.71M	$157.16M
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	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	4	4	4	4	3	3	3	8	10	8	5	9	11	5	5	8	4	4	4	7	5	5	10	7	9	9	9	9	8	8
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$7.61	$6.75	$6.65	$6.63	$7.44	$6.73	$1.16	$6.46	$7.50	$2.22	$6.54	$6.58	$6.41	$6.08	$5.81	$6.10	$5.32	$5.70
Avg Forecast	$7.66	$7.52	$7.53	$7.02	$7.24	$7.07	$7.13	$6.48	$6.58	$6.53	$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	$7.77	$7.63	$7.64	$7.13	$7.35	$7.17	$7.24	$6.72	$6.79	$6.60	$6.46	$5.82	$7.44	$6.77	$6.54	$6.09	$7.52	$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
Low Forecast	$7.44	$7.31	$7.32	$6.83	$7.04	$6.87	$6.94	$6.29	$6.38	$6.46	$6.46	$5.82	$7.10	$6.48	$6.27	$5.84	$7.21	$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
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	1.05%	1.01%	1.03%	1.10%	1.00%	1.01%	0.62%	1.04%	1.05%	1.12%	1.00%	1.04%	1.00%	1.00%	1.02%	1.05%	1.06%	1.14%

According to 9 Wall Street analysts, Lockheed Martin's projected average Quarter EPS for Mar 24 is $5.82, with a low estimate of $5.82 and a high estimate of $5.82. 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	$6.81	$15.64	129.66%	Hold
BA	Boeing Company	$145.60	$201.42	38.34%	Buy
HII	Huntington Ingalls Industries	$191.61	$244.83	27.78%	Hold
GD	General Dynamics	$280.96	$302.14	7.54%	Buy
LHX	L3Harris	$243.58	$253.76	4.18%	Buy
NOC	Northrop Grumman	$491.02	$503.44	2.53%	Hold
LMT	Lockheed Martin	$533.26	$536.06	0.53%	Buy
RTX	RTX	$118.96	$118.40	-0.47%	Hold

LMT Forecast FAQ

Is Lockheed Martin a good buy?

Yes, according to 15 Wall Street analysts, Lockheed Martin (LMT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 8 'Buy' recommendations, accounting for 53.33% of LMT's total ratings.

What is LMT's price target?

Lockheed Martin (LMT) average price target is $536.06 with a range of $401 to $704, implying a 0.53% from its last price of $533.26. The data is based on 15 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 up by 0.53% (from the last price of $533.26 to the average price target of $536.06), up by 32.02% based on the highest stock price target, and down by -24.80% based on the lowest stock price target.

Can Lockheed Martin stock reach $800?

LMT's average twelve months analyst stock price target of $536.06 does not support the claim that Lockheed Martin can reach $800 in the near future.

What is Lockheed Martin's current price target trend?

6 Wall Street analysts forecast a $595.83 price target for Lockheed Martin (LMT) this month, up 11.73% from its last price of $533.26. Compared to the last 3 and 12 months, the average price target increased by 16.14% and increased by 9.03%, 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 $73.99B (high $74.91B, low $72.66B), average EBITDA is $10.87B (high $11B, low $10.67B), average net income is $6.66B (high $6.8B, low $6.47B), average SG&A $338.24M (high $342.45M, low $332.15M), and average EPS is $27.92 (high $28.48, low $27.13). LMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $77.4B (high $78.31B, low $75.75B), average EBITDA is $11.37B (high $11.5B, low $11.13B), average net income is $7.09B (high $7.2B, low $6.9B), average SG&A $353.84M (high $357.97M, low $346.29M), and average EPS is $29.72 (high $30.18, low $28.9).

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 $6.7B by 3.28%. Apple's SG&A was $0, missing the average forecast of $300.11M 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 7.53%. The company's SG&A was $0, missing the average forecast of $82.08M by -100.00%. Lastly, the company's EPS was $7.61, beating the average prediction of $7.27 by 4.63%