Lockheed Martin (LMT) Stock Forecast & Price Target

$529.82 -7.39 (-1.38%)

Closing price 03:59 PM Eastern

Extended Trading

$530.84 +1.02 (+0.19%)

As of 07:59 PM Eastern

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

Consensus Rating

Hold

Based on 21 Analyst Ratings

Sell
1

Hold
12

Buy
8

Based on 21 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 21 analysts, 1 has given a sell rating, 12 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for LMT.

Consensus Price Target

$620.68
17.15% Upside

According to the 21 analysts' twelve-month price targets for Lockheed Martin, the average price target is $620.68. The highest price target for LMT is $735.00, while the lowest price target for LMT is $460.00. The average price target represents a forecasted upside of 17.15% from the current price of $529.82.

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 5/29/25 to 5/29/26	1 Month Ago 4/29/25 to 4/29/26	3 Months Ago 2/28/25 to 2/28/26	1 Year Ago 5/29/24 to 5/29/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)	8 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$620.68	$632.58	$612.50	$541.80
Forecasted Upside	17.15% Upside	24.08% Upside	-7.09% Downside	14.39% 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	Aerospace Companies	Broader Market
Consensus Rating Score	2.38	2.49	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	17.15% Upside	31.01% Upside	14.83% 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

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
5/29/2026	Sanford C. Bernstein 4 of 5 stars		Reiterated Rating	Market Perform
5/18/2026	Citigroup 4 of 5 stars	John Godyn Not Rated	Lower Target	Neutral	$675.00 ➝ $571.00	+10.50%
5/14/2026	Weiss Ratings Not Rated		Upgrade	Hold (C+) ➝ Buy (B-)
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
4/26/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sheila Kahyaoglu Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$595.00	+15.94%
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	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Hold	$670.00 ➝ $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	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	Lower Target	Sector Perform	$650.00 ➝ $575.00	+11.41%
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4/24/2026	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	Lower Target	Equal Weight	$675.00 ➝ $653.00	+26.53%
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%
4/1/2026	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	Initiated Coverage	Equal Weight	$650.00	+7.61%
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%
2/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gavin Parsons Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$580.00 ➝ $663.00	+4.52%
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%
1/16/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Arment Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$550.00 ➝ $640.00	+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 Friday at 08:39 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 Wednesday, May 27, 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.:

The current stock price is around $512, which may present a buying opportunity for investors looking for value in the aerospace and defense sector.
Lockheed Martin Co. has a strong return on equity of over 100%, indicating efficient management and profitability, which can attract investors seeking solid financial performance.
The company has recently announced a quarterly dividend of $3.45, translating to an annual yield of approximately 2.6%, providing income for investors.
Despite a recent earnings miss, the company reported a slight year-over-year revenue increase, showcasing resilience in its business operations.
Lockheed Martin Co. has a diverse portfolio of advanced technology systems, catering to both government and commercial customers, which can mitigate risks associated with reliance on a single market segment.

Lockheed Martin
Bear Case

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

Recent target price reductions by multiple analysts, with estimates dropping to as low as $575, may indicate a lack of confidence in the stock's near-term performance.
The company reported earnings per share of $6.44, missing the consensus estimate, which could raise concerns about its growth trajectory.
Lockheed Martin Co. has a relatively high debt-to-equity ratio of 2.74, suggesting that the company is heavily reliant on debt financing, which can be risky in volatile markets.
Analysts have issued a majority of "Hold" ratings, indicating that many believe the stock may not outperform the market in the near future.
With a beta of 0.10, the stock is less volatile than the market, which may not appeal to investors seeking high-growth opportunities.

LMT Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Lockheed Martin is $620.68, with a high forecast of $735.00 and a low forecast of $460.00.

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Lockheed Martin in the last year. There is currently 1 sell rating, 12 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 17.15% 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 Argus, Bank of America, BNP Paribas Exane, Citigroup, Deutsche Bank Aktiengesellschaft, DZ Bank, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank Of Canada, Sanford C. Bernstein, Susquehanna, TD Cowen, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Lockheed Martin less than other "aerospace" companies. The consensus rating score for Lockheed Martin is 2.38 while the average consensus rating score for "aerospace" companies is 2.49. Learn more on how LMT compares to other companies.

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This page (NYSE:LMT) was last updated on 5/29/2026 by MarketBeat.com Staff.

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Lockheed Martin (LMT) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

LMT Analyst Ratings Over Time

LMT Analyst Recommendations By Month

LMT Price Targets by Month

Lockheed Martin Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

Lockheed Martin
Bull Case

Lockheed Martin
Bear Case

LMT Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Lockheed Martin Recommendations

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Lockheed Martin (LMT) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

LMT Analyst Ratings Over Time

LMT Analyst Recommendations By Month

LMT Price Targets by Month

Lockheed Martin Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Lockheed Martin Stock? LMT Pros and Cons Explained

Lockheed Martin Bull Case

Lockheed Martin Bear Case

LMT Forecast - Frequently Asked Questions

What is Lockheed Martin's forecast for 2026?

Should I buy or sell Lockheed Martin stock right now?

Does Lockheed Martin's stock price have much upside?

Has Lockheed Martin been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Lockheed Martin?

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

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Lockheed Martin Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Lockheed Martin
Bull Case

Lockheed Martin
Bear Case