LMT Price Prediction Next Week
Lockheed Martin (LMT) Stock Price Prediction
Based on the analysis of recent news and technical indicators, the price of Lockheed Martin (L. T. M. T. (LMT)) is expected to drop in the next trading week. The loss of the U.S. Air Force fighter jet contract to Boeing, along with the technical indicators showing a downtrend, suggests a bearish outlook.
Price Prediction: 430.00
Recommendation: Sell
The stock is expected to drop to approximately 430.00 in the next trading week. The technical indicators, including a low RSI and a downtrend in the price, support this prediction. The loss of the significant contract further supports the negative outlook.
Thus, the recommendation is to sell Lockheed Martin (LMT) at this time.
LMT Similar Chart Price Prediction
The price of LMT is predicted to go up 6%, based on the high correlation periods with MGRB. The similarity of these two price pattern on the periods is 96.1%.
LMT
MGRB
Up: 6%Similarity: 96.1%
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LMT VS S&P500
Lockheed Martin's prime contractor role on the F-35, the largest weapon program in history, should deliver stable revenue for decades through procurement and maintenance.
Geopolitical tensions have increased considerably due to the Russia-Ukraine war. Defense budgets are partially a function of geopolitical conflict, and we expect the US will increase defense spending to deter further conflict.
Defense prime contractors operate in an acyclical business, which could offer some protection if the US enters a recession.
LMT Analyst's Forecast
Ken Herbert
RBC Capital
Buy → Hold
2025-03-27
Price Target
$550 → $480
Upside
+8.53%
After the White House and the Department of Defense announced they have selected Boeing (BA) for the Next Generation Air Dominance contract to develop the Air Force's sixth-generation fighter to be referred to as the F-47, RBC Capital believes the contract award is "a bit of a surprise for investors." The firm views the award as a signal from the U.S. Air Force that it wants to ensure at least two fighter companies in the industrial base, with Lockheed Martin (LMT) for the F-35, now Boeing for the F-47, and Northrop Grumman (NOC) as the prime contractor for the B-21. For Lockheed, the firm believes the USAF is signaling that the company's focus needs to remain on the F-35 in the near-term, says the analyst, who also believes this award will now make Northrop the favorite for the Navy's F/A-XX award. RBC has Outperform ratings on Lockheed and Boeing and a Sector Perform rating on Northrop Grumman.
Matthew Akers
Wells Fargo
Hold
2025-03-07
Price Target
$468 → $476
Upside
+0.5%
Matthew Akers
Wells Fargo
Hold
2025-01-30
Price Target
$500 → $497
Upside
+8.13%
