- Lockheed Martin (LMT, Financial) secures a $250 million enhancement to its U.S. Navy contract for the F-35 logistics system.
- Analysts predict an average price target of $533.39, suggesting a notable upside potential.
- Current brokerage recommendations indicate an "Outperform" rating, reflecting positive sentiment.
Lockheed Martin Corp (NYSE: LMT) continues to strengthen its position in the defense sector by securing a substantial contract enhancement. The U.S. Navy has increased its order by $250 million, aimed at advancing the production capabilities of the F-35 logistics information system. This project will primarily be executed in Orlando, Florida, and Fort Worth, Texas, with an anticipated completion date set for August 2027.
Wall Street Analysts' Forecast
Investors following Lockheed Martin Corp (LMT, Financial) should take note of the price targets set by analysts. With inputs from 18 financial analysts, the average target price is forecasted at $533.39. These projections suggest a high estimate of $670.00 and a low of $408.00, indicating an optimistic market outlook.
The current average price target implies a projected upside of 16.36% from Lockheed Martin's recent trading price of $458.39. For a more comprehensive analysis, viewers can explore the detailed estimates on the Lockheed Martin Corp (LMT, Financial) Forecast page.
Brokerage Recommendations and GF Value
Wall Street's confidence in Lockheed Martin is further supported by the consensus recommendation from 24 brokerage firms, which positions the stock with an average recommendation of 2.3. This rating characterizes the shares as "Outperform," where the scale spans from 1 (Strong Buy) to 5 (Sell).
According to GuruFocus, the estimated GF Value for Lockheed Martin Corp (LMT, Financial) stands at $560.52 for the next year. This calculation points to a potential upside of 22.28% from the current trading price of $458.39. The GF Value reflects the stock's fair trading value, taking into account historical trading multiples, past business growth, and future performance estimates. Interested investors can delve deeper into these metrics on the Lockheed Martin Corp (LMT) Summary page.
