
Lockheed Martin (LMT) Stock Forecast & Price Target
Lockheed Martin (LMT) Analyst Ratings
Bulls say
Lockheed Martin reported a significant year-over-year revenue increase of 10.6% in its Missiles and Fire Control (MFC) segment, driven by heightened demand for precision-guided munitions, indicating solid momentum in defense-related spending. The Aeronautics segment also demonstrated resilience with a revenue increase of 1.9%, primarily attributed to escalated production volumes of the F-35 Joint Strike Fighter, reinforcing its position as a leader in high-end military aircraft. Overall, a strong performance in key segments, coupled with expectations of continued growth in MFC, presents a favorable outlook for Lockheed Martin's financial future.
Bears say
Lockheed Martin has significantly reduced its FY26 free cash flow guidance to approximately $6 billion, indicating a year-over-year decline and reflecting a departure from earlier projections of low single-digit to mid-single-digit growth. A poor performance in the second quarter of 2025, highlighted by approximately $1.6 billion in program losses, resulted in a 2% revenue miss and a staggering 71% drop in segment operating income, contributing to a 78% miss in earnings per share. The company's operational margins across key segments have also worsened, with aeronautics margins sinking to -1.3% and rotary and mission systems margins collapsing to -4.3%, further eroding investor confidence in Lockheed Martin's program execution capabilities.
This aggregate rating is based on analysts' research of Lockheed Martin and is not a guaranteed prediction by Public.com or investment advice.
Lockheed Martin (LMT) Analyst Forecast & Price Prediction
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