Lockheed Martin (LMT) Stock Forecast & Price Target

$516.25 -4.16 (-0.80%)

Closing price 05/15/2026 03:59 PM Eastern

Extended Trading

$516.87 +0.62 (+0.12%)

As of 05/15/2026 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

$628.63
21.77% Upside

According to the 21 analysts' twelve-month price targets for Lockheed Martin, the average price target is $628.63. 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 21.77% from the current price of $516.25.

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 5/17/25 to 5/17/26	1 Month Ago 4/17/25 to 4/17/26	3 Months Ago 2/16/25 to 2/16/26	1 Year Ago 5/17/24 to 5/17/25
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	$628.63	$645.79	$612.50	$541.80
Forecasted Upside	21.77% Upside	9.17% Upside	-6.12% Downside	15.88% 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	2.52	2.52
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	21.77% Upside	48.37% Upside	17.90% 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
5/14/2026	Weiss Ratings Not Rated		Upgrade	Hold (C+) ➝ Buy (B-)
5/5/2026	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral	$680.00 ➝ $605.00	+17.51%
4/30/2026	DZ Bank 5 of 5 stars		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%
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%
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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%
4/21/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Market Perform	$654.00 ➝ $661.00	+15.82%
4/1/2026	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	Neutral	$673.00 ➝ $675.00	+9.14%
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 Sunday at 10:14 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 Tuesday, May 12, 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 market presence with a market capitalization exceeding $118 billion, indicating stability and investor confidence.
The company reported a slight increase in quarterly revenue compared to the same period last year, suggesting resilience in its business operations.
Lockheed Martin Co. has set ambitious earnings guidance for FY 2026, projecting earnings per share between 29.350 and 30.250, which could signal future growth potential.
With a return on equity of over 101%, Lockheed Martin Co. demonstrates effective management and profitability, which are attractive traits for investors.

Lockheed Martin
Bear Case

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

The company recently missed earnings expectations, reporting $6.44 EPS against a consensus estimate of $6.79, which may raise concerns about its short-term performance.
Lockheed Martin Co. has a relatively high debt-to-equity ratio of 2.74, indicating that it relies significantly on debt financing, which could pose risks in a rising interest rate environment.
Analysts have recently downgraded their target prices for the stock, with several firms reducing their price targets, which may reflect a bearish outlook on the company's future performance.
Despite a slight increase in revenue, the company’s net margin is only 6.38%, which may suggest limited profitability compared to its peers.
With a consensus rating of "Hold" from analysts, there may be a lack of strong bullish sentiment surrounding the stock, indicating potential caution for new investors.

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 $628.63, 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 twelve months. 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 21.77% 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 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.

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This page (NYSE:LMT) was last updated on 5/17/2026 by MarketBeat.com Staff.

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Lockheed Martin (LMT) Stock Forecast & Price Target