Key Insights for Investors:
- Lockheed Martin (LMT, Financial) stock receives a positive outlook following a strong quarterly performance.
- Analysts project a potential upside for LMT with a target price exceeding current levels by over 13%.
- GuruFocus estimates suggest an even more significant upside, predicting a 21% increase in value.
Lockheed Martin (LMT) recently garnered attention in the financial markets after Baird upgraded its rating to "Outperform." This upgrade followed the company's announcement of a 4% increase in first-quarter sales, reaching an impressive $18 billion. This achievement surpassed Wall Street's average projection of $17.8 billion, ensuring investor interest remains heightened. Despite these promising developments, LMT's stock held steady during Wednesday's morning trading session.
Wall Street Analysts Forecast
Currently, insights from 19 analysts reveal that the average one-year price target for Lockheed Martin Corp (LMT, Financial) is $525.41. Analysts set a high estimate of $670.00 and a low of $424.00. These projections suggest an expected upside of 13.02% from the stock's current trading price of $464.89. For more comprehensive analyst forecasts, visit the Lockheed Martin Corp (LMT) Forecast page.
Delving deeper into expert opinions, 25 brokerage firms have collectively rated Lockheed Martin Corp (LMT, Financial) with an average recommendation of 2.4, solidly placing it in the "Outperform" category. This rating is part of a broader scale ranging from 1 (Strong Buy) to 5 (Sell).
Beyond Wall Street, GuruFocus data indicates that the anticipated GF Value for Lockheed Martin Corp (LMT, Financial) over the next year is $562.54. This estimate implies a notable 21% potential increase from its current price of $464.89. The GF Value represents GuruFocus' assessment of fair market value, derived from the stock's historical trading multiples, past business growth, and future performance expectations. For a deeper dive into these details, visit the Lockheed Martin Corp (LMT) Summary page.
