
L3Harris (LHX) Stock Forecast & Price Target
L3Harris (LHX) Analyst Ratings
Bulls say
L3Harris Technologies reported a backlog of $34.2 billion, reflecting a 1.07x book-to-bill ratio in the quarter, which indicates strong demand and future revenue potential. The company achieved fourth-quarter revenues of $5.52 billion, a 3% year-over-year increase, supported by positive contributions from both its Communications Solutions and Aerojet Rocketdyne segments, which saw a 5% revenue growth each. Additionally, L3Harris is enhancing its cost-savings target to $1.2 billion by 2026 after realizing $800 million in 2024, signaling effective expense management and a commitment to improving operational efficiency.
Bears say
The outlook for L3Harris Technologies is negatively influenced by anticipated revenue generation of approximately $600 million in 2026, indicating a potential headwind for growth. Additionally, a 4% year-over-year decline in SAS revenues, coupled with the impact from the divestiture of antenna assets and reduced F-35 volume, raises concerns about the company’s ability to maintain stable earnings. Furthermore, the forecast for 2025 indicates budget timing risks and softness in the Space segment, which may pressure financial performance and lead to downward revisions in earnings per share estimates.
This aggregate rating is based on analysts' research of L3Harris and is not a guaranteed prediction by Public.com or investment advice.
L3Harris (LHX) Analyst Forecast & Price Prediction
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