Key Takeaways:
- Lockheed Martin (LMT, Financial) achieves $18.2 billion in Q2 sales, buoyed by missile programs and F-35 production.
- Analyst consensus indicates a potential 28.94% upside with an "Outperform" rating.
- GuruFocus estimates a 36.91% upside based on GF Value calculations.
Lockheed Martin (LMT) delivered a robust performance in the second quarter, reporting sales of $18.2 billion. This figure not only matches the year-over-year performance but also marks an increase from the first quarter. The growth trajectory was primarily driven by strong showings in missile programs and the production of F-35 aircraft, despite a $1.8 billion loss tied to legacy programs. Looking ahead, the company is targeting the delivery of 170-190 F-35s by 2025.
Wall Street Analysts Forecast
According to the latest insights from 18 industry analysts, Lockheed Martin Corp (LMT, Financial) has an average one-year price target of $529.61. The projections range from a high of $670.00 to a low of $406.00. This average target price translates into a significant potential upside of 28.94% from the current share price of $410.74. For a more comprehensive analysis, visit the Lockheed Martin Corp (LMT) Forecast page.
The consensus among 24 brokerage firms currently positions Lockheed Martin Corp (LMT, Financial) as an "Outperform," with an average brokerage recommendation of 2.4. This rating is based on a scale of 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
Moreover, GuruFocus's proprietary metrics, specifically the estimated GF Value for Lockheed Martin Corp (LMT, Financial), are projecting the stock's fair trading value at $562.33 in one year. This estimate, which is grounded in historical trading multiples and future business performance forecasts, indicates a promising upside of 36.91% from the current market price of $410.74. For investors seeking detailed insights, additional data is available on the Lockheed Martin Corp (LMT) Summary page.
