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Lockheed Martin (LMT) Stock Forecast & Price Target

$474.92
-1.08 (-0.23%)
(As of 07/19/2024 ET)

Lockheed Martin - Analysts' Recommendations and Stock Price Forecast (2024)

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.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Lockheed Martin in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 1 has given a sell rating, 6 have given a hold rating, and 3 have given a buy rating for LMT.

Consensus Price Target

$485.40
2.21% Upside
High Forecast$540.00
Average Forecast$485.40
Low Forecast$377.00

According to the 10 analysts' twelve-month price targets for Lockheed Martin, the average price target is $485.40. The highest price target for LMT is $540.00, while the lowest price target for LMT is $377.00. The average price target represents a forecasted upside of 2.21% from the current price of $474.92.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
2 Sell rating(s)
Consensus Price Target$485.40$485.40$486.78$499.43
Forecasted Upside2.21% Upside8.81% Upside12.81% Upside5.83% Upside
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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.
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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.
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Lockheed Martin Stock vs. The Competition

TypeLockheed MartinAerospace CompaniesS&P 500
Consensus Rating Score
2.20
2.62
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside2.21% Upside61.72% Upside10.04% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/25/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$460.00 ➝ $480.00+3.80%
4/25/2024Deutsche Bank Aktiengesellschaft
2 of 5 stars
 Boost TargetHold ➝ Hold$467.00 ➝ $487.00+6.07%
4/24/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$508.00 ➝ $525.00+13.98%
4/24/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$482.00 ➝ $499.00+8.74%
4/23/2024The Goldman Sachs Group
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 Lower TargetSell ➝ Sell$380.00 ➝ $377.00-19.33%
4/15/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$475.00 ➝ $518.00+15.01%
1/24/2024Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$513.00 ➝ $503.00+16.31%
1/24/2024Susquehanna
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 Lower TargetPositive ➝ Positive$550.00 ➝ $540.00+24.44%
1/24/2024Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$475.00 ➝ $470.00+7.73%
10/4/2023Jefferies Financial Group
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 Lower TargetHold$505.00 ➝ $455.00+13.85%
4/20/2023Sanford C. Bernstein
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 Boost TargetMarket Perform$478.00 ➝ $496.00+0.17%
4/19/2023Credit Suisse Group
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 Boost TargetOutperform$510.00 ➝ $550.00+9.69%
4/12/2023Robert W. Baird
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 DowngradeOutperform ➝ Neutral$513.00+5.16%
1/30/2023DZ Bank
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 UpgradeHold ➝ Buy$523.00+13.79%
1/6/2023Vertical Research
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 DowngradeBuy ➝ Hold$491.00+2.92%
10/19/2022Susquehanna Bancshares
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 Lower TargetPositive$539.00 ➝ $510.00+18.10%
10/10/2022Wolfe Research
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 Initiated CoveragePeer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 05:39 PM ET.

LMT Forecast - Frequently Asked Questions

What is Lockheed Martin's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $485.40, with a high forecast of $540.00 and a low forecast of $377.00.

Should I buy or sell Lockheed Martin stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There is currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LMT, but not buy additional shares or sell existing shares.

Does Lockheed Martin's stock price have much upside?

According to analysts, Lockheed Martin's stock has a predicted upside of 8.81% based on their 12-month stock forecasts.

What analysts cover Lockheed Martin?

Lockheed Martin has been rated by research analysts at Citigroup, Deutsche Bank Aktiengesellschaft, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Lockheed Martin more than its competitors?

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


This page (NYSE:LMT) was last updated on 7/20/2024 by MarketBeat.com Staff

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