Lockheed Can Unlock Significant F-35 Growth Potential With This Clever Pivot: Analyst
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Analyst Rating and Financial Performance: Truist Securities analyst Michael Ciarmoli maintained a Buy rating on Lockheed Martin with a price target of $579, following a strong first-quarter report showing a 4% increase in net sales to $18 billion and GAAP EPS of $7.28, exceeding expectations.
Future Outlook and Growth Potential: Lockheed Martin anticipates FY25 net sales between $73.75 billion and $74.75 billion, while the current geopolitical climate is expected to drive increased defense spending, enhancing demand for their capabilities and potentially alleviating share price uncertainty.
Analyst Views on PPA
Wall Street analysts forecast PPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PPA is USD with a low forecast of USD and a high forecast of 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.
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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.
