FAA Clearance for Launches: Firefly Aerospace has received approval from the Federal Aviation Administration to resume launches of its Alpha rocket following a technical failure in April.
Previous Incident Details: The Alpha rocket experienced a malfunction during its sixth flight, resulting in the crash of a Lockheed Martin satellite into the Pacific Ocean.
Safety Review Findings: An independent review confirmed that Firefly's flight safety system functioned properly throughout the flight and posed no risk to public safety.
Future Plans and Valuation: Firefly is now determining the next launch window for Alpha Flight 7 and has achieved a valuation of $9.84 billion after a significant rise in share prices during its Nasdaq debut.
LMT
$477.06+Infinity%1D
Analyst Views on LMT
Wall Street analysts forecast LMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMT is 544.18 USD with a low forecast of 500.00 USD and a high forecast of 630.00 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 Analyst Rating
Wall Street analysts forecast LMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMT is 544.18 USD with a low forecast of 500.00 USD and a high forecast of 630.00 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.
5 Buy
6 Hold
0 Sell
Moderate Buy
Current: 484.420
Low
500.00
Averages
544.18
High
630.00
Current: 484.420
Low
500.00
Averages
544.18
High
630.00
Morgan Stanley
Kristine Liwag
Overweight -> Equal Weight
downgrade
$630 -> $543
2025-12-16
New
Reason
Morgan Stanley
Kristine Liwag
Price Target
$630 -> $543
2025-12-16
New
downgrade
Overweight -> Equal Weight
Reason
Morgan Stanley analyst Kristine Liwag downgraded Lockheed Martin to Equal Weight from Overweight with a price target of $543, down from $630, 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
Neutral
initiated
$505
2025-12-11
Reason
Citi
Price Target
$505
2025-12-11
initiated
Neutral
Reason
Citi initiated coverage of Lockheed Martin with a Neutral rating and $505 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.
BNP Paribas Exane
Matthew Akers
Outperform
initiated
$550
2025-11-18
Reason
BNP Paribas Exane
Matthew Akers
Price Target
$550
2025-11-18
initiated
Outperform
Reason
BNP Paribas Exane analyst Matthew Akers initiated coverage of Lockheed Martin with an Outperform rating and $550 price target.
UBS
Neutral
maintain
$514 -> $513
2025-10-22
Reason
UBS
Price Target
$514 -> $513
2025-10-22
maintain
Neutral
Reason
UBS lowered the firm's price target on Lockheed Martin to $513 from $514 and keeps a Neutral rating on the shares. Cash flow uncertainty overshadows strong bookings, the analyst tells investors in a research note.
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
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.
