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 9/26/25 to 9/26/26	1 Month Ago 8/27/25 to 8/27/26	3 Months Ago 6/28/25 to 6/28/26	1 Year Ago 9/26/24 to 9/26/25
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)	12 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	11.77% Upside	22.30% 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	105.46% Upside	19.21% 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
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
Get the Latest News and Ratings for LMT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Lockheed Martin and its competitors with MarketBeat's FREE daily newsletter.
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 Saturday at 08:46 AM 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, September 22, 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 significant indefinite-delivery, indefinite-quantity contract worth up to $1.2 billion from the U.S. Army for the production of Precision Strike Missile (PrSM) Increment 2, a development that supports long-term revenue growth in the missile sector following successful tests against moving maritime targets.
The company demonstrated strong financial performance in its most recent quarter, reporting earnings per share of $7.94 which beat the consensus estimate of $7.22, alongside revenue of $20.06 billion that exceeded expectations and grew 10.5% year-over-year, indicating robust operational execution.
Lockheed Martin Co. offers a dividend yield of 2.59% with a quarterly payout of $3.45 per share, providing a steady income stream for investors while maintaining a payout ratio of 50.87% that suggests the company retains sufficient earnings for reinvestment and growth.
Global demand for the F-35 Lightning II continues to expand, with the program now selected by 20 nations including a recent milestone involving Germany's first F-35A, which strengthens the company's long-term production, services, and sustainment opportunities in the international market.
At the current stock price of $522.07, Lockheed Martin Co. trades at a price-to-earnings ratio of 19.24, which is below the consensus price target of $637.56, suggesting potential upside for investors who believe the recent sector-wide selling has created a valuation opportunity.

Lockheed Martin
Bear Case

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

Lockheed Martin Co. is facing sector-wide selling pressure due to reports of a potential reopening of the Strait of Hormuz, which has reduced perceived geopolitical tension and led to a decline in aerospace and defense shares despite company-specific contract wins.
The stock has underperformed major market indices in 2026, trading at $522.07 which is significantly below its 52-week high of $692.00 and below its 50-day simple moving average of $556.84, indicating a recent downward trend in investor sentiment.
There are concerns regarding the company's stealth-drone development, as reports indicate the Air Force is not seeking the aircraft and Lockheed Martin Co. is building prototypes without a firm customer commitment, raising questions about the return on development spending.
The company carries a debt-to-equity ratio of 2.34, which is relatively high and may limit financial flexibility, while the current ratio of 1.19 suggests limited short-term liquidity to cover immediate liabilities compared to more liquid peers.
Analyst consensus remains at a Hold rating with a mixed outlook, as one analyst has assigned a Sell rating and nine have issued Hold ratings, reflecting uncertainty about the stock's near-term trajectory despite some Buy ratings from other firms.

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 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 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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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