Stock Price & Analysis

Based on the provided data and recent analyst coverage, here's a concise analysis of LHX:

Technical Analysis The stock is currently trading at $218.65, showing neutral RSI (50.77) indicating neither overbought nor oversold conditions. The price is above its 20-day moving average of $212.96, suggesting short-term upward momentum.

Recent Developments LHX recently secured a significant $263 million U.S. Army contract for Enhanced Night Vision Goggles production, demonstrating continued strong government contract momentum.

Analyst Sentiment Recent analyst actions show a predominantly bullish stance:

• JP Morgan maintained Buy rating with $265 target (21.3% upside)
• Truist Securities reiterated Strong Buy with $283 target (31.7% upside)
• Deutsche Bank maintained Hold with $229 target (10.4% upside)

Key Support/Resistance Levels

• Fibonacci support levels: S1: $208.18, S2: $203.67
• Fibonacci resistance levels: R1: $222.77, R2: $227.28
• Current pivot point: $215.47

Recommendation SELL. While analyst sentiment remains largely positive, the stock faces near-term technical resistance around $222-227 range. The recent contract win hasn't generated significant price momentum, and the stock's RSI indicates neutral conditions without strong directional bias. The current price level presents an opportunity to take profits before potential resistance-driven pullback.

Based on the provided data and market analysis, here's the price prediction for LHX stock in 2025:

L3Harris Technologies (LHX) is expected to reach $274.52 by the end of 2025, representing a 30.9% upside potential from current levels. The projection is supported by strong fundamentals including a recent $263 million U.S. Army contract for Enhanced Night Vision Goggles and consistent dividend growth history. The company's focus on operational efficiencies and robust demand has led analysts to project adjusted EPS growth of 9.2% to $14.29 in fiscal 2025.

The S1 support level for LHX Stock is $208.18 ,The R1 resistant level for LHX Stock is $222.77.

As of the end of day on 2025-01-24, the price of LHX Stock was $219.

The target price for LHX Stock according to analyst rating is 274.27, with the highest price target at 324.00 and the lowest at 229.00. Analysts have a Strong Buy rating on LHX Stock overall.

The market cap of LHX is $41.5B.

Based on the provided data and context, let's analyze if LHX is overvalued:

Valuation Analysis The stock shows concerning valuation metrics with a high P/E ratio of 37.12x in Q3 2024, which is significantly above historical averages for defense contractors. The EV/EBITDA ratio of 15.68x also indicates premium valuation compared to industry peers.

Financial Performance Revenue has shown modest sequential growth from $5.21B in Q1 2024 to $5.29B in Q3 2024. Net income has improved from $283M to $400M over the same period, demonstrating improving profitability trends. The net margin expanded from 5.47% to 7.63%, showing operational efficiency gains.

Analyst Sentiment Recent analyst actions suggest mixed views but lean positive. While Raymond James downgraded to Hold citing valuation concerns, JP Morgan and Truist Securities maintain Buy ratings with price targets of $265-283, implying 21-31% upside potential.

Market Position LHX maintains strong competitive positioning in defense technology and space sectors. The company has a record backlog of $34B and secured significant contracts including a $919M Space Development Agency contract, indicating robust future revenue visibility.

Conclusion While LHX shows premium valuation metrics, the improving profitability metrics, strong backlog, and positive analyst outlook suggest the stock is fairly valued rather than overvalued at current levels. The company's strategic position in critical defense technology segments provides justification for the higher multiples.

L3Harris Technologies, Inc. provides end-to-end technology solutions connecting the space, air, land, sea and cyber domains. Its Space & Airborne Systems segment includes space payloads, sensors and full-mission solutions; classified intelligence and cyber; avionics; electronic warfare, and mission networks for air traffic management operations. Its Integrated Mission Systems segment includes passive sensing and targeting; electronic attack; autonomy; power and communications; networks; sensors; aviation products, and pilot training operations. Its Communication Systems segment includes tactical communications with global communications solutions; broadband communications; integrated vision solutions, and public safety radios, system applications and equipment. Aerojet Rocketdyne segment includes missile solutions with propulsion technologies for strategic defense, missile defense, and hypersonic and tactical systems, and space propulsion and power systems for national security space.

Based on the provided data and references, here is a comprehensive analysis for LHX's price prediction for 2030:

L3Harris Technologies (LHX) stock is projected to reach approximately $350-375 by 2030, driven by strong defense sector growth and the company's expanding market position in critical defense technologies. The projection is supported by LHX's robust $34 billion backlog and strategic acquisitions like Aerojet Rocketdyne that strengthen its position in space and missile defense sectors.

This long-term price target is further supported by the company's consistent operational performance, with management expecting to achieve $23 billion in revenue and 16% operating margin by 2026, representing significant growth from current levels.

The company's strong position in resilient communications, space technology, and missile defense, combined with increasing global defense spending and modernization efforts by the U.S. Army and NATO allies, provides a solid foundation for sustained growth through 2030.

LHX has a total of 50000 employees.