Lockheed Martin (LMT) Stock Forecast & Price Target

$519.07 -4.63 (-0.88%)

Closing price 09/25/2026 03:59 PM Eastern

Extended Trading

$519.78 +0.71 (+0.14%)

As of 09/25/2026 07:57 PM Eastern

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

Consensus Rating

Hold

Based on 19 Analyst Ratings

Sell
1

Hold
10

Buy
8

Based on 19 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 19 analysts, 1 has given a sell rating, 10 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$637.56
22.83% Upside

According to the 19 analysts' twelve-month price targets for Lockheed Martin, the average price target is $637.56. 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 22.83% from the current price of $519.07.

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 9/27/25 to 9/27/26	1 Month Ago 8/28/25 to 8/28/26	3 Months Ago 6/29/25 to 6/29/26	1 Year Ago 9/27/24 to 9/27/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	13 Hold rating(s)	13 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$637.56	$632.39	$619.63	$494.00
Forecasted Upside	22.83% Upside	12.16% Upside	23.30% Upside	1.33% Upside
Consensus Rating	Hold	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	2.42	2.30	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	22.83% Upside	103.30% Upside	19.20% Upside
News Sentiment Rating	Positive News See Recent LMT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/24/2026	Weiss Ratings 5 of 5 stars		Downgrade	Buy (B-) ➝ Hold (C+)
9/8/2026	UBS Group 4 of 5 stars	Gavin Parsons 4 of 5 stars	Upgrade	Neutral ➝ Buy	$581.00 ➝ $674.00	+28.48%
9/2/2026	Jefferies Financial Group 3 of 5 stars	Sheila Kahyaoglu 3 of 5 stars	Reiterated Rating	Hold
8/13/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Godyn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$641.00 ➝ $691.00	+13.84%
7/27/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Strauss Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$600.00	+2.96%
7/24/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ken Herbert Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sector Perform	$575.00 ➝ $600.00	+2.94%
7/24/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$700.00	+20.24%
7/24/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kristine Liwag Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$653.00 ➝ $690.00	+21.35%
7/13/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gautam Khanna Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$600.00 ➝ $560.00	+8.08%
5/29/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
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5/5/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Neutral	$680.00 ➝ $605.00	+17.51%
4/30/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
4/24/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Neutral	$660.00 ➝ $600.00	+16.91%
4/24/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$770.00 ➝ $680.00	+31.76%
4/24/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$615.00 ➝ $575.00	+11.41%
4/24/2026	Susquehanna Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Charles Minervino Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Positive	$740.00 ➝ $700.00	+32.01%
3/6/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$530.00 ➝ $735.00	+9.37%
2/2/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Noah Poponak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Sell	$464.00 ➝ $517.00	-18.49%
1/30/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Ciarmoli Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$605.00 ➝ $695.00	+10.04%
8/28/2025	Alembic Global Advisors Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
7/22/2025	Vertical Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Stallard Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$460.00	+9.16%
3/24/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/6/2025	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Equal Weight	$565.00 ➝ $515.00	+9.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:36 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, September 26, 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 secured a $1.2 billion U.S. Army contract for its Precision Strike Missile, which serves as a significant catalyst for production expansion and backlog growth, potentially driving future revenue increases as the company scales its missile portfolio.
The company is benefiting from multiyear Pentagon framework agreements that aim to substantially increase the production of PAC-3 MSE and THAAD interceptors, supporting a long-term missile-defense backlog that provides revenue stability and growth visibility for investors.
Lockheed Martin Co. reported strong quarterly earnings in July 2026, with earnings per share of $7.94 beating analyst estimates of $7.22, and revenue of $20.06 billion exceeding expectations, demonstrating the company's ability to deliver above-consensus financial results.
International demand for the company's aircraft and defense systems is reinforced by recent developments, including a $10 million commitment to launch Canada’s integrated defense ecosystem, Mexico’s expansion of its C-130J Super Hercules fleet, and a delivery milestone for Germany’s F-35A program.
With the current stock price at $519.07, the valuation may be attractive to investors given the company's strong backlog and recent contract wins, as some analysts argue the stock is undervalued in the context of a long defense restocking cycle.

Lockheed Martin
Bear Case

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

The consensus recommendation from nineteen brokerages covering Lockheed Martin Co. is "Hold," with ten analysts issuing a hold rating and only seven giving a buy recommendation, suggesting that the current price may already reflect most of the positive news and that further upside is limited in the near term.
Lockheed Martin Co. has a debt-to-equity ratio of 2.34, which is relatively high and could limit the company's financial flexibility or increase its cost of capital, potentially impacting future investment capacity or dividend sustainability.
Recent institutional activity shows mixed signals, with Envestnet Asset Management Inc. reducing its stake in Lockheed Martin Co. by 11.7% in the second quarter, indicating that some large investors are taking profits or adjusting their portfolios away from the stock.
The company's payout ratio is currently 50.87%, which, while sustainable, leaves less room for aggressive dividend growth or share buybacks compared to companies with lower payout ratios, potentially limiting total shareholder return in a stagnant earnings environment.
Lockheed Martin Co. faces potential risks from fixed-price contracts and program charges, as noted by some analysts, which could erode profit margins if costs overrun or if there are delays in program execution, impacting the company's ability to meet its FY 2026 EPS guidance of $29.95 to $30.65.

LMT Forecast - Frequently Asked Questions

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $637.56, with a high forecast of $735.00 and a low forecast of $517.00.

19 Wall Street equities 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, 7 buy ratings and 1 strong buy rating 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.

According to analysts, Lockheed Martin's stock has a predicted upside of 22.83% based on their 12-month stock forecasts.

Over the previous 90 days, Lockheed Martin's stock had 4 upgrades and 2 downgrades by analysts.

Lockheed Martin has been rated by research analysts at Citigroup, Jefferies Financial Group, Morgan Stanley, Robert W. Baird, Royal Bank Of Canada, TD Cowen, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Lockheed Martin more than other "industrials" companies. The consensus rating score for Lockheed Martin is 2.42 while the average consensus rating score for "industrials" companies is 2.30. Learn more on how LMT compares to other companies.

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Brokerages With Lockheed Martin Recommendations

MarketBeat monitors more than a dozen sources for Lockheed Martin analyst ratings, with the most recent rating issued on 9/24/2026.

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Lockheed Martin (LMT) Stock Forecast & Price Target