UBS has adjusted its price target for Lockheed Martin (LMT, Financial), increasing it from $481 to $499. This change comes after the company reported what UBS described as a "solid" quarterly performance, highlighted by robust margins.
Despite the positive quarterly results, UBS maintains a Neutral rating on Lockheed Martin shares. The analyst's assessment appeared to affirm confidence in the company's continued adherence to its financial guidance.
Lockheed Martin's recent financial report and reiteration of its guidance have seemingly reinforced investor confidence, prompting the upward adjustment in its target share price by UBS.
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 $525.41 with a high estimate of $670.00 and a low estimate of $424.00. The average target implies an upside of 13.70% from the current price of $462.08. 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 21.74% from the current price of $462.08. 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.
