- Lockheed Martin secures a major contract with U.S. Navy worth $244.17 million.
- Analysts predict significant upside potential for Lockheed Martin's stock.
- Consensus indicates an "Outperform" status for Lockheed Martin Corp.
Lockheed Martin (LMT, Financial) has successfully partnered with Northrop Grumman and Peraton to win a significant $244.17 million contract from the U.S. Navy. This partnership will focus on the development of the Relay Ground Station, a pivotal project for the U.S. Space Command. The project's completion is anticipated by April 2030, and it emerged from a competitive bidding process.
Wall Street Analysts' Projections
Lockheed Martin Corp (LMT, Financial) is drawing attention with one-year price targets from 19 analysts. The average target price is set at $527.46, with estimates ranging from a high of $670.00 to a low of $424.00. This average target suggests a potential upside of 12.99% from the current price of $466.81. For a more in-depth analysis, visit the Lockheed Martin Corp (LMT) Forecast page.
Brokerage Firm Recommendations
Among 25 brokerage firms, there is a consensus recommendation for Lockheed Martin Corp (LMT, Financial) as an "Outperform," with an average brokerage recommendation of 2.4. The rating scale ranges from 1, indicating a Strong Buy, to 5, denoting a Sell.
Estimated GF Value
GuruFocus estimates for Lockheed Martin Corp (LMT, Financial) suggest a GF Value of $560.12 in one year. This estimate reflects a promising upside of 19.99% from the current price of $466.81. The GF Value is GuruFocus' evaluation of the stock's fair trading value, calculated from historical trading multiples and anticipated growth. Further details are available on the Lockheed Martin Corp (LMT) Summary page.
