Lockheed Martin (LMT) Stock Forecast & Price Target

$551.96 +19.32 (+3.63%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$551.60 -0.36 (-0.07%)

As of 10/16/2026 07:58 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

$627.10
13.61% Upside

According to the 22 analysts' twelve-month price targets for Lockheed Martin, the average price target is $627.10. 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 13.61% from the current price of $551.96.

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 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
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)	8 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	12 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	$627.10	$637.56	$607.58	$510.29
Forecasted Upside	13.61% Upside	19.42% Upside	19.32% Upside	3.04% 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	2.31	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	13.61% Upside	136.62% Upside	18.02% 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
10/16/2026	UBS Group 4 of 5 stars	Gavin Parsons 4 of 5 stars	Reiterated Rating	Buy	$653.00	+19.08%
10/15/2026	Royal Bank Of Canada 2 of 5 stars	Ken Herbert 5 of 5 stars	Lower Target	Sector Perform	$600.00 ➝ $550.00	+3.94%
10/14/2026	Sanford C. Bernstein 3 of 5 stars	Douglas Harned Not Rated	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-)
10/9/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Anthony Valentini Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Equal Weight	$554.00	+8.68%
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%
9/2/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Sheila Kahyaoglu Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold
8/13/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	John Godyn Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Buy	$641.00 ➝ $691.00	+13.84%
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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%
5/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Neutral	$680.00 ➝ $605.00	+17.51%
4/30/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Strong-Buy
4/24/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Neutral	$660.00 ➝ $600.00	+16.91%
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 Sunday at 03:55 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 Saturday, October 17, 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. recently announced a $300 million investment in Texas to expand advanced munitions capacity, which includes plans to increase PAC-3 MSE production from approximately 600 units annually to at least 2,000 units over time, positioning the company to capture sustained missile-defense demand.
The company's backlog has grown to $230 billion, with significant growth in the high-margin Missiles and Fire Control segment, signaling strong future revenue and potential for earnings growth to outpace revenue growth as noted by UBS analysts.
Lockheed Martin Co. raised its quarterly dividend by 4.3% to $3.60 per share, extending its dividend-growth streak to 24 years, which reinforces its appeal to income-focused investors seeking consistent payouts.
The stock is currently trading at $551.96, which is below the consensus price target of $627.10, suggesting potential upside as analysts maintain a "Moderate Buy" rating with multiple recent upgrades from firms like Citigroup and Morgan Stanley.
Lockheed Martin Co. delivered a C-130J-30 Super Hercules to the U.S. Navy for the future E-130J Phoenix II TACAMO mission, highlighting continued demand for its strategic-airlift and command-and-control platforms and contributing to its long-term defense frameworks.

Lockheed Martin
Bear Case

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

Investors continue to weigh Lockheed Martin Co.'s elevated debt, with a debt-to-equity ratio of 2.34, along with execution risks on fixed-price programs and the possibility of future contract charges, which Bernstein also cited in maintaining a hold rating.
RBC lowered its price target on Lockheed Martin Co. from $600 to $550 and maintained a "sector perform" rating, signaling limited near-term upside at current valuation levels despite the company's strong fundamentals.
Wall Street Zen downgraded Lockheed Martin Co. from a "strong-buy" rating to a "buy" rating, indicating a slight reduction in enthusiasm from some equity research analysts despite the overall positive consensus.
The company's stock has experienced volatility, with a 52-week low of $437.25 and a recent decline from its 52-week high of $692.00, reflecting market uncertainty and potential overvaluation concerns among some investors.
Lockheed Martin Co. is currently excluded from investment by Norway's sovereign wealth fund due to its involvement in nuclear weapons production, which could limit potential institutional inflows from certain large global investors.

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 $627.10, 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 year. 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 13.61% based on their 12-month stock forecasts.

Over the previous 90 days, Lockheed Martin's stock had 5 upgrades and 1 downgrade by analysts.

Lockheed Martin has been rated by research analysts at Barclays, Citigroup, Jefferies Financial Group, Morgan Stanley, Robert W. Baird, Rothschild & Co Redburn, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, UBS Group, Vertical Research, Weiss Ratings, and Wells Fargo & Company 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 10/16/2026.

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Lockheed Martin (LMT) Stock Forecast & Price Target