LMT

Lockheed Martin Corp

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Advanced Chart

430.750

-4.1(-0.943%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

434.850

Open

430.430

VWAP

430.68

Vol

1.49M

Mkt Cap

100.57B

Low

428.050

Amount

641.71M

EV/EBITDA(TTM)

12.45

Total Shares

237.94M

121.87B

EV/OCF(TTM)

24.03

P/S(TTM)

1.43

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.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

18.46B

+2.78%

6.989

-3.99%

19.66B

+5.59%

6.895

-10.57%

18.46B

+7.95%

6.344

-7.26%

Estimates Revision

The market is revising Downward the revenue expectations for Lockheed Martin Corporation (LMT) for FY2025, with the revenue forecasts being adjusted by -0.11% over the past three months. During the same period, the stock price has changed by -8.61%.

Revenue Estimates for FY2025

Revise Downward

-0.11%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-20.16%

In Past 3 Month

Stock Price

Go Down

-8.61%

In Past 3 Month

14 Analyst Rating

21.02% Upside

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 521.29 USD with a low forecast of 472.00 USD and a high forecast of 600.00 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.

6 Buy

8 Hold

0 Sell

Moderate Buy

21.02% Upside

Current: 430.750

Low

472.00

Averages

521.29

High

600.00

21.02% Upside

Current: 430.750

Low

472.00

Averages

521.29

High

600.00

Morgan Stanley

Overweight

downgrade

$575 -> $530

2025-07-23

Reason

Morgan Stanley

Price Target

$575 -> $530

2025-07-23

downgrade

Overweight

Reason

Morgan Stanley lowered the firm's price target on Lockheed Martin to $530 from $575 and keeps an Overweight rating on the shares. Lockheed recognizing $1.8B in charges across multiple programs this quarter "took the market by surprise," the analyst tells investors. Despite the charges compounding "already-low sentiment," the firm argues that valuation for the largest U.S. Defense pure-play at a time when global budgets are accelerating has "become too cheap to ignore."

UBS

Neutral

downgrade

$498 -> $453

2025-07-23

Reason

UBS

Price Target

$498 -> $453

2025-07-23

downgrade

Neutral

Reason

UBS lowered the firm's price target on Lockheed Martin to $453 from $498 and keeps a Neutral rating on the shares. UBS says it is hard to gain confidence that Lockheed Martin is out of the woods on its challenged fixed-price programs, and coupled with the pension headwind and classified cash drag, the firm sees limited free cash flow growth over the near-term, the analyst tells investors in a research note. At the same time, the guidance update could ultimately prove to be a reset, with new CFO Evan Scott also getting ahead of the 2026 free cash flow conversation and finally baselining pension contributions into the guide, the firm says.

Baird

Outperform

NULL

downgrade

$540 -> $500

2025-07-23

Reason

Baird

Price Target

$540 -> $500

2025-07-23

downgrade

Outperform

NULL

Reason

Baird lowered the firm's price target on Lockheed Martin to $500 from $540 and keeps an Outperform rating on the shares. The firm updated its model following Q2 results as the company's execution woes lead to shaken confidence and a rest risk profile.

RBC Capital

Ken Herbert

Sector Perform

downgrade

$480 -> $440

2025-07-23

Reason

RBC Capital

Ken Herbert

Price Target

$480 -> $440

2025-07-23

downgrade

Sector Perform

Reason

RBC Capital analyst Ken Herbert lowered the firm's price target on Lockheed Martin to $440 from $480 and keeps a Sector Perform rating on the shares. Lockheed Martin's Q2 results were "soft," with $1.6B of program losses driving a 78% miss in EPS, the analyst tells investors in a research note. The path to free cash flow growth over the next few years is challenged, the firm says.

Susquehanna

Charles Minervino

Positive

downgrade

$550 -> $490

2025-07-23

Reason

Susquehanna

Charles Minervino

Price Target

$550 -> $490

2025-07-23

downgrade

Positive

Reason

Susquehanna analyst Charles Minervino lowered the firm's price target on Lockheed Martin to $490 from $550 and keeps a Positive rating on the shares. The firm updated its estmates following Q2 results and the lower target reflects a lower multiple on 2026 estimates.

Truist

Buy

Hold

downgrade

$554 -> $440

2025-07-22

Reason

Truist

Price Target

$554 -> $440

2025-07-22

downgrade

Buy

Hold

Reason

Truist downgraded Lockheed Martin to Hold from Buy with a price target of $440, down from $554. The charges of $1.8B that materialized in the quarter were far larger and broader in scope than expected, and while this may be a \"kitchen sink\" type of quarter as a result of the recent CFO change, Truist believes future charges across existing programs may materialize in the coming periods, the analyst tells investors in a research note. The firm added that the charges incurred will likely weigh on out-period free cash flow, potentially out-period margins, and could make the achievement of the upper-end of the multi-year growth framework harder to achieve.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Lockheed Martin Corp (LMT.N) is 15.83, compared to its 5-year average forward P/E of 16.17. For a more detailed relative valuation and DCF analysis to assess Lockheed Martin Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

16.17

Current PE

15.83

Overvalued PE

18.24

Undervalued PE

14.11

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

12.28

Current EV/EBITDA

11.18

Overvalued EV/EBITDA

13.67

Undervalued EV/EBITDA

10.89

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

1.62

Current PS

1.33

Overvalued PS

1.78

Undervalued PS

1.46