Summary:
- Lockheed Martin's anticipated F-35 jet contract may be awarded ahead of schedule, impacting near-term cash flow.
- Analysts predict an average target price of $529.00, suggesting a 17.77% upside from current levels.
- The stock boasts an "Outperform" rating based on brokerage firm recommendations.
Lockheed Martin's Contract Update Moves the Needle
Lockheed Martin (LMT, Financial) experienced a 1.8% dip in share price after announcing that an anticipated F-35 fighter jet contract award might occur sooner than expected. This strategic move could lead to the combination of Lots 18 and 19, advancing the delivery schedule of approximately 150 jets. However, investors may see a temporary impact on cash flow due to Lot 18 delays.
Wall Street's Take on Lockheed Martin
According to insights from 19 analysts, the average one-year price target for Lockheed Martin Corp (LMT, Financial) stands at $529.00. This ranges from a high estimate of $670.00 to a low estimate of $408.00. The average target price suggests a promising upside of 17.77% from the current trading price of $449.18. For a deeper dive into these estimates, visit the Lockheed Martin Corp (LMT) Forecast page.
Analyst Recommendations and GF Value
Lockheed Martin Corp (LMT, Financial) currently holds an average brokerage recommendation of 2.4, which reflects an "Outperform" status. This consensus is derived from 25 brokerage firms and spans a rating scale of 1 to 5, where 1 indicates a Strong Buy, and 5 signifies a Sell.
On the valuation front, GuruFocus estimates place the GF Value for Lockheed Martin Corp (LMT, Financial) at $559.14 within the next year. This projection points to a potential upside of 24.48% from the current price of $449.18. GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and anticipated future performance. Additional details can be accessed on the Lockheed Martin Corp (LMT) Summary page.
