- The U.S. Congress proposes a $150 billion defense budget, with $27 billion earmarked for the Golden Dome missile defense, favoring Lockheed Martin (LMT, Financial).
- Wall Street analysts provide an average price target for LMT of $529.83, suggesting a potential increase of 12.58%.
- The consensus recommendation indicates Lockheed Martin is currently rated as "Outperform" with a GF Value estimate offering a 19.12% upside.
A recent $150 billion defense initiative presented in U.S. Congress includes a significant allocation of $27 billion specifically for the Golden Dome missile defense shield. This allocation is poised to benefit Lockheed Martin (LMT), with specified funds directed towards expanding missile interceptors and Terminal High Altitude Area Defense systems. This budget proposal is set for reconciliation, heightening its chances of approval.
Wall Street Analysts Forecast
Wall Street experts have shared their one-year price targets for Lockheed Martin Corp (LMT, Financial), with 19 analysts predicting an average target price of $529.83. This projection features a high estimate of $670.00 and a low estimate of $424.00, indicating a potential upside of 12.58% from the current trading price of $470.62. To explore more detailed forecasts, visit the Lockheed Martin Corp (LMT) Forecast page.
The consensus recommendation among 25 brokerage firms places Lockheed Martin Corp (LMT, Financial) at an average rating of 2.4, aligning with an "Outperform" status. On a scale where 1 stands for Strong Buy and 5 means Sell, this rating suggests positive market sentiment.
According to GuruFocus estimates, the projected GF Value for Lockheed Martin Corp (LMT, Financial) in the coming year is $560.58. This represents a potential upside of 19.12% compared to the current price of $470.62. The GF Value is derived from historical trading multiples, past business growth, and projections of future performance. More in-depth insights can be found on the Lockheed Martin Corp (LMT) Summary page.
