Wall Street Analysts' Target Price for Lockheed Martin Stock
Lockheed Martin (LMT) has outperformed both the S&P 500 Index ($SPX) and its sector ETF, PPA, with a strong year-to-date return of 16.5%. The company's recent second-quarter results exceeded expectations, driven by robust demand for defense platforms and munitions, resulting in $20.06 billion in revenue and earnings per share (EPS) of $7.94—up significantly from the prior-year period. Following this momentum, Lockheed Martin raised its full-year 2026 guidance to a sales range of $79.75–81.75 billion and EPS between $29.95–30.65. Analysts expect LMT's EPS for the fiscal year ending in December 2026 to grow by 6.6% year-over-year, with a consensus rating of 'Moderate Buy'. The mean price target is currently at $637.04, representing a potential upside of around 13%, while the highest target stands at $775. Citi analyst John Godyn recently raised his price target for LMT to $691 and reiterated a 'Buy' rating, citing improved momentum in defense stocks following Q2 results.
Topics: aerospace defense stock performance Wall Street analysts