Lockheed Martin (LMT) Stock Forecast & Price Target

$637.60 -5.99 (-0.93%)

Closing price 10/30/2026 03:59 PM Eastern

Extended Trading

$636.80 -0.80 (-0.13%)

As of 10/30/2026 07:59 PM Eastern

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Lockheed Martin - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 22 Analyst Ratings

Sell
1

Hold
10

Buy
11

Based on 22 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 22 analysts, 1 has given a sell rating, 10 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$638.05
0.07% Upside

According to the 22 analysts' twelve-month price targets for Lockheed Martin, the average price target is $638.05. The highest price target for LMT is $735.00, while the lowest price target for LMT is $517.00. The average price target represents a forecasted upside of 0.07% from the current price of $637.60.

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.

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LMT Analyst Ratings Over Time

Type	Current Forecast 10/31/25 to 10/31/26	1 Month Ago 10/1/25 to 10/1/26	3 Months Ago 8/2/25 to 8/2/26	1 Year Ago 10/31/24 to 10/31/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	11 Hold rating(s)	13 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$638.05	$637.56	$626.33	$513.47
Forecasted Upside	0.07% Upside	26.11% Upside	7.36% Upside	4.35% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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	Industrials Companies	Broader Market
Consensus Rating Score	2.50	2.30	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	0.07% Upside	55.65% Upside	15.64% Upside
News Sentiment Rating	Positive News See Recent LMT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/26/2026	Bank of America 4 of 5 stars		Reiterated Rating	Neutral	$620.00	+2.50%
10/26/2026	JPMorgan Chase & Co. 3 of 5 stars	Seth Seifman 4 of 5 stars	Boost Target	Neutral	$620.00 ➝ $665.00	+6.53%
10/25/2026	Jefferies Financial Group 3 of 5 stars	Sheila Kahyaoglu 3 of 5 stars	Reiterated Rating	Hold	$615.00	+1.68%
10/23/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Gavin Parsons Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$653.00 ➝ $692.00	+16.45%
10/23/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Ken Herbert Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sector Perform	$550.00 ➝ $600.00	+0.96%
10/23/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	John Godyn Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$691.00 ➝ $706.00	+19.94%
10/23/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Anthony Valentini Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$554.00 ➝ $560.00	-4.86%
10/14/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Douglas Harned Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Market Perform	$629.00 ➝ $564.00	+11.97%
10/14/2026	Vertical Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Robert Stallard Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Buy	$600.00	+19.11%
10/9/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold (C+) ➝ Buy (B-)
Get the Latest News and Ratings for LMT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lockheed Martin and its competitors with MarketBeat's FREE daily newsletter.
10/9/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Gautam Khanna Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Hold	$600.00 ➝ $570.00	+11.98%
10/6/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings		Initiated Coverage	Buy	$650.00	+28.28%
7/27/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	David Strauss Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$600.00	+2.96%
7/24/2026	Robert W. Baird Subscribe to MarketBeat All Access to unlock brokerage rankings		Set Target		$700.00	+20.24%
7/24/2026	Morgan Stanley Subscribe to MarketBeat All Access to unlock brokerage rankings	Kristine Liwag Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Equal Weight	$653.00 ➝ $690.00	+21.35%
4/30/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
4/24/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$770.00 ➝ $680.00	+31.76%
4/24/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Hold	$615.00 ➝ $575.00	+11.41%
4/24/2026	Susquehanna Subscribe to MarketBeat All Access to unlock brokerage rankings	Charles Minervino Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Positive	$740.00 ➝ $700.00	+32.01%
3/6/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$530.00 ➝ $735.00	+9.37%
2/2/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Noah Poponak Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Sell	$464.00 ➝ $517.00	-18.49%
1/30/2026	Truist Financial Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Ciarmoli Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$605.00 ➝ $695.00	+10.04%
8/28/2025	Alembic Global Advisors Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Overweight
3/24/2025	Melius Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:07 PM 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, October 29, 2026. 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. reported quarterly earnings of $7.97 per share, which exceeded the consensus estimate of $7.52, while revenue reached $20.71 billion, marking an 11.3% year-over-year increase that reinforces confidence in the company's operating outlook.
Management disclosed a record backlog of $292 billion, providing significant multiyear revenue visibility and positioning the company as a leading beneficiary of sustained U.S. and allied defense demand.
A 10-year F-35 agreement with the Pentagon, described as one of the largest defense deals in years, improved visibility for the company's most important program and prompted Morgan Stanley to raise its price target and upgrade the stock to Overweight.
The company successfully tested redirecting an in-flight GMLRS rocket, highlighting progress in precision-strike and joint-fires capabilities that supports its position in advanced missile systems.
Lockheed Martin Co. shares are currently trading at $643.62, reflecting a 2.2% jump during mid-day trading on Thursday, which signals strong investor momentum following recent positive developments.

Lockheed Martin
Bear Case

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

The rapid advance in the stock price has increased the risk of profit-taking, as investors may seek to lock in gains after the recent surge.
Analysts have noted quietly declining margins, which could pressure profitability despite strong revenue growth.
There is potential for F-35 contract pressure, which could impact future revenue streams from the company's flagship program.
Lockheed Martin Co. reported negative free cash flow in one quarter, raising concerns about the company's ability to generate cash from its operations.
A potentially large pension expense is expected ahead of the next earnings update, which could negatively impact the company's financial results.

LMT Forecast - Frequently Asked Questions

According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $638.05, with a high forecast of $735.00 and a low forecast of $517.00.

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last twelve months. There is currently 1 sell rating, 10 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" LMT shares.

According to analysts, Lockheed Martin's stock has a predicted upside of 0.07% based on their 12-month stock forecasts.

Over the previous 90 days, Lockheed Martin's stock had 4 upgrades and 1 downgrade by analysts.

Lockheed Martin has been rated by research analysts at Bank of America, Barclays, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Rothschild & Co Redburn, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, UBS Group, Vertical Research, and Weiss Ratings in the past 90 days.

Analysts like Lockheed Martin more than other "industrials" companies. The consensus rating for Lockheed Martin is Moderate Buy while the average consensus rating for "industrials" companies is Hold. Learn more on how LMT compares to other companies.

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MarketBeat monitors more than a dozen sources for Lockheed Martin analyst ratings, with the most recent rating issued on 10/26/2026.

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Lockheed Martin (LMT) Stock Forecast & Price Target