L3Harris Technologies Inc (LHX) has seen its stock price surge by 12.01% in pre-market trading, reaching a 52-week high.
The significant catalyst for this movement is the announcement of a $1 billion investment from the U.S. Department of Defense aimed at boosting the production capacity of solid rocket motors. This investment is expected to enhance missile capabilities for the U.S. and its allies, and L3Harris plans to take its Missile Solutions unit public in 2026, which will further strengthen its market position. CEO Christopher Kubasik emphasized the strategic importance of this investment in reinforcing the defense industrial base.
This investment not only provides a substantial financial boost but also positions L3Harris favorably in the defense sector, likely attracting more investor interest as the company prepares for its upcoming IPO.
Wall Street analysts forecast LHX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LHX is 253.50 USD with a low forecast of 212.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast LHX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LHX is 253.50 USD with a low forecast of 212.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 356.020
Low
212.00
Averages
253.50
High
280.00
Current: 356.020
Low
212.00
Averages
253.50
High
280.00
Seaport Research
Buy
maintain
$324 -> $443
2026-01-22
Reason
Seaport Research
Price Target
$324 -> $443
AI Analysis
2026-01-22
maintain
Buy
Reason
Seaport Research raised the firm's price target on L3Harris Technologies to $443 from $324 and keeps a Buy rating on the shares. The firm believes Defense spending growth will be "far bigger and last longer" than expected, the analyst tells investors.
Truist
Buy
maintain
$353 -> $364
2026-01-09
Reason
Truist
Price Target
$353 -> $364
2026-01-09
maintain
Buy
Reason
Truist raised the firm's price target on L3Harris Technologies to $364 from $353 and keeps a Buy rating on the shares. Despite a strong 2025, the Aerospace & Defense sector remains broadly bullish for 2026, with rising aircraft production and sustained aftermarket demand supporting both OE and AM segments, the analyst tells investors in a research note. Defense may see fewer catalysts, but recapitalization, geopolitical tensions, and replenishment needs should sustain demand, making stock selection critical amid elevated valuations, particularly for SMID defense tech names, the firm adds.
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Morgan Stanley
Equal Weight -> Overweight
upgrade
$350 -> $367
2025-12-16
Reason
Morgan Stanley
Price Target
$350 -> $367
2025-12-16
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded L3Harris Technologies to Overweight from Equal Weight with a price target of $367, up from $350, as part of its 2026 outlook for aerospace and defense. The firm sees aerospace and defense as attractive going into 2026, saying demand continues to outpace supply growth. The defense sector offers good value as the stocks are not reflecting the growth in U.S. defense budget, the analyst tells investors in a research note.
Citi
initiated
$331
2025-12-11
Reason
Citi
Price Target
$331
2025-12-11
initiated
Reason
Citi initiated coverage of L3Harris Technologies with a Buy rating and $331 price target. The firm launched coverage on 24 stocks in the aerospace and defense sector, saying the group faces a "number of megatrends" across commercial aerospace, defense, shipbuilding, and space. Citi sees these trends creating at least one trillion-dollar market cap company in the coming years. GE Aerospace could get there in as little as five years, Citi contends. The firm calls RTX "the Marquee Megatrend stock" and believes Boeing is an "unusually attractive mega-cap turnaround" story. The analyst expects improving trends in Q4 and continued momentum in Q1 for the sector.
About LHX
L3Harris Technologies, Inc. provides end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Its segments include Space & Airborne Systems (SAS), Integrated Mission Systems (IMS), Communication Systems (CS), and Aerojet Rocketdyne (AR). The SAS segment supplies full mission solutions as a prime and subsystem integrator in the space, airborne and cyber domains. The IMS segment delivers differentiated mission capabilities and prime systems integration to support intelligence, reconnaissance and surveillance (ISR), passive sensing and targeting, electronic attack, autonomy, power and communications, networks and sensors. CS enables warfighters across all domains with solutions critical to mission success even in the contested environments. The AR segment provides propulsion, power and armament products and systems to the U.S. Government, including the DoD, NASA and various aerospace and defense prime contractors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
