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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 $603.11 (represents a 25.74% upside from LMT’s last price of $479.66) 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 $603.11 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 $434.00. This represents a potential 25.74% upside from LMT's last price of $479.66.

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Sheila KahyaogluJefferies$580.00$546.806.07%20.92%
Oct 24, 2024Sheila KahyaogluJefferies$590.00$571.103.31%23.00%
Oct 23, 2024Charles MinervinoSusquehanna$695.00$576.9820.45%44.89%
Oct 23, 2024Ken HerbertRBC Capital$665.00$576.9815.26%38.64%
Oct 23, 2024Noah PoponakGoldman Sachs$434.00$576.98-24.78%-9.52%
Oct 23, 2024Scott DeuschleDeutsche Bank$611.00$576.985.90%27.38%
Oct 07, 2024Ken HerbertRBC Capital$675.00$605.1311.55%40.72%
Oct 03, 2024Scott DeuschleDeutsche Bank$620.00$603.792.68%29.26%
Sep 03, 2024Robert SpingarnMelius Research$704.00$568.1023.92%46.77%
Aug 09, 2024Kristine LiwagMorgan Stanley$599.00$551.628.59%24.88%
Aug 05, 2024Ken HerbertRBC Capital$600.00$548.779.34%25.09%
Jul 31, 2024Ronald EpsteinBank of America Securities$635.00$537.6618.10%32.39%
Jul 30, 2024David StraussBarclays$505.00$527.64-4.29%5.28%
Jul 26, 2024Scott DeuschleDeutsche Bank$600.00$526.7213.91%25.09%
Jul 24, 2024Ken HerbertRBC Capital$500.00$503.24-0.64%4.24%
Apr 25, 2024Matthew AkersWells Fargo$480.00$459.144.54%0.07%
Apr 24, 2024Scott DeuschleDeutsche Bank$487.00$459.146.07%1.53%
Apr 15, 2024Sheila KahyaogluJefferies$485.00$453.087.05%1.11%
Feb 07, 2023Scott DeuschleCredit Suisse$510.00$464.519.79%6.33%
Jan 13, 2023Noah PoponakGoldman Sachs$332.00$461.74-28.10%-30.78%
Dec 15, 2022Morgan Stanley$542.00$485.1911.71%13.00%
Dec 12, 2022J.P. Morgan$505.00$482.674.63%5.28%
Aug 30, 2022Ken HerbertRBC Capital$460.00$426.417.88%-4.10%
Jul 30, 2022Charles MinervinoSusquehanna$539.00$413.8130.25%12.37%
Jul 30, 2022Matthew AkersWells Fargo$406.00$413.81-1.89%-15.36%
Jul 20, 2022Matthew AkersWells Fargo$406.00$395.222.73%-15.36%
Jul 20, 2022Kristine LiwagMorgan Stanley$522.00$396.1931.76%8.83%
Jul 12, 2022Morgan Stanley$525.00$416.3726.09%9.45%
Apr 25, 2022Matthew AkersWells Fargo$496.00$445.7911.26%3.41%
Apr 20, 2022John EadeArgus Research$500.00$453.8710.16%4.24%
Mar 20, 2022Myles WaltonUBS$465.00$426.189.11%-3.06%
Mar 12, 2022Sheila KahyaogluJefferies$505.00$439.0415.02%5.28%
Mar 10, 2022Matthew AkersWells Fargo$486.00$444.369.37%1.32%
Mar 05, 2022Michael MaugeriWolfe Research$467.00$458.151.93%-2.64%
Jan 27, 2022Ronald EpsteinBank of America Securities$410.00$386.426.10%-14.52%
Jan 26, 2022Myles WaltonUBS$425.00$391.248.63%-11.40%
Jan 26, 2022Matthew AkersWells Fargo$400.00$391.242.24%-16.61%
Jan 26, 2022Peter ArmentRobert W. Baird$425.00$388.569.38%-11.40%
Jan 26, 2022Charles MinervinoSusquehanna$445.00$388.5614.53%-7.23%
Jan 26, 2022Seth SeifmanJ.P. Morgan$420.00$388.568.09%-12.44%
Jan 26, 2022Douglas HarnedBernstein$401.00$388.563.20%-16.40%
Jan 15, 2022Matthew AkersWells Fargo$379.00$372.621.71%-20.99%
Sep 23, 2021Noah PoponakGoldman Sachs$402.00$339.0418.57%-16.19%
Jul 27, 2021Robert SpingarnCredit Suisse$398.00$366.468.61%-17.02%
Jul 26, 2021Joseph DeNardiStifel Nicolaus$468.00$359.9330.03%-2.43%

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 20.92% increase from LMT last price ($479.66).

Lockheed Martin Price Target by Period

1M3M12M
# Anlaysts-818
Avg Price Target-$608.75$581.39
Last Closing Price$479.66$479.66$479.66
Upside/Downside-100.00%26.91%21.21%

In the current month, the average price target of Lockheed Martin stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lockheed Martin's last price of $479.66. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 24, 2024JefferiesHoldHoldHold
Oct 23, 2024Cowen & Co.BuyBuyHold
Oct 23, 2024SusquehannaPositivePositiveHold
Oct 23, 2024Goldman SachsSellSellHold
Oct 11, 2024BernsteinMarket PerformMarket PerformHold
Oct 10, 2024CitigroupBuyBuyHold
Oct 07, 2024RBC CapitalOutperformOutperformHold
Oct 03, 2024Deutsche BankBuyBuyHold
Aug 09, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 05, 2024RBC CapitalSector PerformOutperformUpgrade
Jul 30, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 26, 2024Deutsche BankHoldBuyUpgrade
Jul 25, 2024Seaport GlobalBuyBuyHold
Jul 24, 2024RBC CapitalSector PerformSector PerformHold
Jul 24, 2024Deutsche BankHoldHoldHold
Jul 24, 2024SusquehannaPositivePositiveHold
Jul 24, 2024UBSNeutralNeutralHold
Jul 24, 2024Wells FargoEqual-WeightEqual-WeightHold
Jul 24, 2024Cowen & Co.BuyUpgrade
Jun 27, 2024BernsteinMarket PerformMarket PerformHold
Apr 25, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 24, 2024Deutsche BankHoldHoldHold
Apr 15, 2024JefferiesHoldHoldHold
Apr 19, 2023Credit SuisseOutperformOutperformHold
Apr 19, 2023Wells FargoUnderweightUnderweightHold
Feb 07, 2023Credit SuisseUnderperformOutperformUpgrade
Jan 15, 2023Goldman SachsSellReduceDowngrade
Jan 13, 2023Goldman SachsSellDowngrade
Dec 15, 2022Morgan StanleyOverweightEqual-WeightDowngrade
Dec 05, 2022JefferiesHoldHoldHold
Oct 19, 2022Wells FargoUnderweightUnderweightHold
Oct 19, 2022RBC CapitalOutperformUpgrade
Oct 19, 2022SusquehannaPositivePositiveHold
Oct 19, 2022Credit SuisseUnderperformUnderperformHold
Sep 28, 2022Wells FargoUnderweightBuyDowngrade
Sep 28, 2022Wells FargoEqual-WeightUnderweightDowngrade
Jul 30, 2022SusquehannaPositivePositiveHold
Jul 20, 2022Wells FargoEqual-WeightEqual-WeightHold
Jul 19, 2022Morgan StanleyOverweightOverweightUpgrade
Jul 12, 2022Morgan StanleyOverweightOverweightHold
Apr 25, 2022Wells FargoEqual-WeightEqual-WeightHold
Mar 20, 2022UBSBuyBuyHold
Mar 12, 2022JefferiesHoldHoldHold
Mar 10, 2022Wells FargoEqual-WeightEqual-WeightHold
Mar 05, 2022Wolfe ResearchOutperformUpgrade
Jan 15, 2022Wells FargoEqual-WeightEqual-WeightHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$17.38B$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$20.47B$19.45B$19.90B$18.68B$19.88B$18.47B$18.84B$17.82B$18.93B$17.44B$17.04B$16.04B$18.18B$16.97B$16.15B$15.26B$18.54B$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$19.63B$18.66B$19.09B$17.92B$19.07B$17.72B$18.07B$17.53B$18.82B$17.31B$17.03B$16.04B$17.72B$16.28B$15.49B$14.63B$17.78B$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
# Analysts444433381085911558444755107999988
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433381085911558444755107999988
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$3.01B$2.86B$2.92B$2.74B$2.92B$2.71B$2.77B$2.62B$2.78B$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$2.88B$2.74B$2.80B$2.63B$2.80B$2.60B$2.65B$2.57B$2.76B$2.54B$2.50B$2.35B$2.60B$2.39B$2.28B$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433381085911558444755107999988
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$1.55B$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$1.86B$1.83B$1.83B$1.71B$1.76B$1.72B$1.73B$1.58B$1.61B$1.56B$1.54B$2.42B$1.78B$1.62B$1.57B$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$1.76B$1.73B$1.73B$1.62B$1.67B$1.63B$1.64B$1.52B$1.52B$1.54B$1.54B$1.62B$1.69B$1.54B$1.48B$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433381085911558444755107999988
SG&A------------------------------
Avg Forecast$92.25M$87.68M$89.70M$84.21M$89.59M$83.23M$84.89M$80.54M$86.10M$79.44M$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$93.57M$88.93M$90.99M$85.41M$90.87M$84.42M$86.10M$81.45M$86.51M$79.74M$77.91M$73.33M$83.13M$77.58M$73.83M$69.74M$84.75M$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$89.76M$85.31M$87.28M$81.93M$87.16M$80.98M$82.59M$80.12M$86.01M$79.15M$77.86M$73.32M$80.98M$74.42M$70.82M$66.90M$81.30M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433381085911558444755107999988
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$6.50$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$7.80$7.66$7.67$7.15$7.37$7.20$7.27$6.63$6.76$6.55$6.46$5.82$7.44$6.79$6.57$6.11$7.55$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$7.39$7.25$7.26$6.78$6.98$6.82$6.88$6.36$6.38$6.44$6.46$5.82$7.10$6.43$6.22$5.79$7.15$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HIIHuntington Ingalls Industries$193.49$244.8326.53%Hold
GDGeneral Dynamics$265.22$334.0025.93%Buy
LHXL3Harris$218.45$274.5725.69%Buy
LMTLockheed Martin$490.61$603.1122.93%Buy
NOCNorthrop Grumman$480.29$548.7014.24%Hold
RTXRTX$117.42$131.6012.08%Hold
BABoeing Company$173.03$191.3110.56%Buy
SPCEVirgin Galactic$6.57$6.50-1.07%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 $603.11 with a range of $434 to $704, implying a 25.74% from its last price of $479.66. 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 25.74% (from the last price of $479.66 to the average price target of $603.11), up by 46.77% based on the highest stock price target, and down by -9.52% based on the lowest stock price target.

Can Lockheed Martin stock reach $700?

LMT's highest twelve months analyst stock price target of $704 supports the claim that Lockheed Martin can reach $700 in the near future.

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 $75B, low $72.38B), average EBITDA is $10.87B (high $11.02B, low $10.63B), average net income is $6.66B (high $6.79B, low $6.45B), average SG&A $338.24M (high $342.84M, low $330.86M), and average EPS is $27.92 (high $28.47, low $27.05). LMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $77.4B (high $78.51B, low $75.31B), average EBITDA is $11.37B (high $11.53B, low $11.06B), average net income is $7.09B (high $7.22B, low $6.84B), average SG&A $353.84M (high $358.9M, low $344.27M), and average EPS is $29.72 (high $30.28, low $28.68).

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%