L3Harris Technologies rises after defense budget proposal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: Fool
L3Harris Technologies Inc. saw a price increase of 7.48%, reaching a 52-week high amid mixed market conditions, with the Nasdaq-100 up 0.10% and the S&P 500 down 0.32%.
This surge is attributed to Trump's proposal to increase the U.S. defense budget for 2027 from $1 trillion to $1.5 trillion, which has led to a positive sentiment in defense stocks. L3Harris Technologies experienced a 6.29% rise, reflecting investor optimism about the defense sector's outlook and potential future investments.
The implications of this proposal suggest a robust future for defense contractors, as increased government spending may lead to more contracts and growth opportunities in the sector.
Analyst Views on LHX
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
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
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.
