The company reported solid results for the first quarter, emphasizing a robust performance across its operations. During the recent earnings call, the management highlighted their focus on maintaining efficient processes to ensure that initiatives are completed both on schedule and within budget.
A key highlight was the Golden Dome project, which the company regards as a major opportunity for future growth. The potential of this project is being closely watched, and the company is committed to leveraging these opportunities effectively.
Overall, the management appeared optimistic about the company's trajectory, driven by its solid Q1 results and strategic initiatives. Investors and analysts will be watching how these plans unfold in the coming quarters.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Lockheed Martin Corp (LMT, Financial) is $527.62 with a high estimate of $670.00 and a low estimate of $424.00. The average target implies an upside of 16.03% from the current price of $454.72. More detailed estimate data can be found on the Lockheed Martin Corp (LMT) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Lockheed Martin Corp's (LMT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lockheed Martin Corp (LMT, Financial) in one year is $562.55, suggesting a upside of 23.71% from the current price of $454.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lockheed Martin Corp (LMT) Summary page.
