63/100BLockheed Martin stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Lockheed Martin is 638.22, 7.4% above the current price of 594.17. Their targets range from 560.00 to 835.00.
Of the 13 firms that rated Lockheed Martin in the past 12 months, 5 rate it buy or strong buy, 7 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 560.00 to 835.00, with an average of 638.22.
| Buy | 5 | |
| Hold | 7 | |
| Sell | 1 |
12-month price target
| Highest target | 835.00 |
| Average target | 638.22 |
| Lowest target | 560.00 |
| Current price | 594.17 |
Lockheed Martin price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Lockheed Martin price target and rating?
How analysts rate Lockheed Martin, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
5 of 13 firms rate it buy now, against 3 of 14 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Lockheed Martin analyst upgrades, downgrades and price targets
The latest rating change came on 26 October 2026, when Morgan Stanley upgraded Lockheed Martin from Equal Weight to Overweight. The most recent new target came from UBS on 26 October 2026: 620.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | UBS | — | 692.00 → 620.00 | -10.4% | 604.18 |
| 26 Oct 2026 | Morgan Stanley | Upgraded · Equal Weight → Overweight | — | — | — |
| 25 Oct 2026 | Morgan Stanley | — | 690.00 → 835.00 | +21.0% | 604.18 |
| 25 Oct 2026 | Jefferies Sheila Kahyaoglu | — | 575.00 → 615.00 | +7.0% | 604.18 |
| 23 Oct 2026 | UBS | Reiterated · Buy | 653.00 → 692.00 | +6.0% | 594.05 |
| 23 Oct 2026 | Barclays Anthony Valentini | Reiterated · Equal Weight | 554.00 → 560.00 | +1.1% | 589.91 |
| 16 Oct 2026 | UBS Gavin Parsons | — | 674.00 → 653.00 | -3.1% | 548.07 |
| 14 Oct 2026 | Bernstein | Reiterated · Market Perform | 654.00 → 564.00 | -13.8% | 504.02 |
| 14 Oct 2026 | Vertical Research Robert Stallard | — | 600.00 | — | 504.02 |
| 8 Oct 2026 | Barclays | — | 554.00 | — | 507.89 |
| 6 Oct 2026 | Redburn Partners | — | 650.00 | — | 506.63 |
| 8 Sept 2026 | UBS Gavin Parsons | Upgraded · Neutral → Buy | 581.00 → 674.00 | +16.0% | 525.28 |
| 27 Jul 2026 | Wells Fargo | — | 575.00 → 600.00 | +4.3% | 582.65 |
| 24 Jul 2026 | UBS Gavin Parsons | — | 663.00 → 581.00 | -12.4% | 578.53 |
| 24 Jul 2026 | Robert W. Baird | — | 550.00 → 700.00 | +27.3% | 568.59 |
| 24 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 653.00 → 690.00 | +5.7% | 568.59 |
| 8 Jul 2026 | Wells Fargo | — | 575.00 | — | 535.38 |
| 1 Jul 2026 | Citigroup | Upgraded · Neutral → Buy | — | — | — |
| 25 Jun 2026 | Jefferies | — | 595.00 → 575.00 | -3.4% | 504.95 |
| 26 Apr 2026 | Jefferies Sheila Kahyaoglu | — | 630.00 → 595.00 | -5.6% | 513.10 |
| 24 Apr 2026 | Susquehanna | Reiterated · Positive | 660.00 → 700.00 | +6.1% | 509.78 |
| 24 Apr 2026 | Morgan Stanley Kristine Liwag | Reiterated · Equal Weight | 675.00 → 653.00 | -3.3% | 512.62 |
| 24 Apr 2026 | RBC Capital | Reiterated · Sector Perform | 650.00 → 575.00 | -11.5% | 529.79 |
| 6 Feb 2026 | Bernstein Douglas Harned | — | 586.00 → 654.00 | +11.6% | 620.27 |
| 4 Feb 2026 | Morgan Stanley Kristine Liwag | — | 543.00 → 675.00 | +24.3% | 628.26 |
| 2 Feb 2026 | Goldman Sachs | Reiterated · Sell | 517.00 | — | 634.22 |
| 2 Feb 2026 | UBS | Reiterated · Neutral | 580.00 → 663.00 | +14.3% | 634.22 |
| 1 Feb 2026 | Jefferies | — | 540.00 → 630.00 | +16.7% | 634.22 |
| 30 Jan 2026 | Truist Financial | — | 605.00 → 695.00 | +14.9% | 635.24 |
| 30 Jan 2026 | RBC Capital | Reiterated · Sector Perform | 480.00 → 650.00 | +35.4% | 629.08 |
| 22 Jan 2026 | Seaport Global | — | 664.00 | — | 587.68 |
| 15 Jan 2026 | Susquehanna | — | 590.00 → 660.00 | +11.9% | 568.75 |
| 15 Jan 2026 | UBS | Reiterated · Neutral | 513.00 → 580.00 | +13.1% | 565.80 |
| 12 Jan 2026 | Jefferies | Reiterated · Hold | 540.00 | — | 548.24 |
| 12 Jan 2026 | Bernstein | — | 551.00 → 586.00 | +6.4% | 549.78 |
| 9 Jan 2026 | Truist Financial | Upgraded · Hold → Buy | 500.00 → 605.00 | +21.0% | 518.44 |
| 19 Dec 2025 | JP Morgan | Downgraded · Overweight → Neutral | — | — | — |
| 16 Dec 2025 | Morgan Stanley Kristine Liwag | Downgraded · Overweight → Equal Weight | 630.00 → 543.00 | -13.8% | 484.42 |
Lockheed Martin EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Lockheed Martin's EPS to grow 18.9% a year until 2028. Over the last 5 years it fell 2.4% a year, and over the last 3 years it fell 0.3%.
Analysts expect Lockheed Martin's revenue to grow 7.4% a year until 2028, faster than over the last 5 years (2.8% a year) and the last 3 years (4.4%).
Revenue
EPS
Does Lockheed Martin beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 19.6% off the result, either way, and their revenue estimate 3.3%, over the last 12 quarters.
- EPS beats
- 118 / 136
- Revenue beats
- 95 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -8.1%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 22 Oct 2026 | 7.52 | 7.97 | +6.0% | 20.48B | 20.71B | +1.1% |
| Q2 FY2026 | 23 Jul 2026 | 7.19 | 7.94 | +10.4% | 19.34B | 20.06B | +3.7% |
| Q1 FY2026 | 23 Apr 2026 | 6.74 | 6.44 | -4.5% | 18.22B | 18.02B | -1.1% |
| Q4 FY2025 | 29 Jan 2026 | 7.07 | 5.80 | -18.0% | 18.72B | 20.32B | +8.6% |
| Q3 FY2025 | 21 Oct 2025 | 6.38 | 6.95 | +8.9% | 18.55B | 18.61B | +0.3% |
| Q2 FY2025 | 22 Jul 2025 | 6.52 | 1.46 | -77.6% | 18.57B | 18.16B | -2.2% |
| Q1 FY2025 | 22 Apr 2025 | 6.34 | 7.28 | +14.8% | 17.78B | 17.96B | +1.0% |
| Q4 FY2024 | 28 Jan 2025 | 6.61 | 2.22 | -66.4% | 18.87B | 18.62B | -1.3% |
| Q3 FY2024 | 22 Oct 2024 | 6.50 | 6.80 | +4.6% | 17.38B | 17.10B | -1.6% |
| Q2 FY2024 | 23 Jul 2024 | 6.46 | 6.85 | +6.0% | 17.04B | 18.12B | +6.4% |
| Q1 FY2024 | 23 Apr 2024 | 5.82 | 6.39 | +9.8% | 16.04B | 17.20B | +7.2% |
| Q4 FY2023 | 23 Jan 2024 | 7.26 | 7.88 | +8.5% | 17.97B | 18.87B | +5.1% |
Lockheed Martin stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Lockheed Martin's earnings grow at the 18.9% a year analysts expect to FY2028, then 15.0% a year, it would earn about 47.75 a share in FY2030. At the P/E it has traded at over the last five years (15.6 to 22.4) that is 742.76 to 1,071.28 a share, or 950.92 at its average P/E of 19.9. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 30.67 | 476.98 | 610.66 | 687.95 |
| FY2027 | 33.29 | 517.82 | 662.93 | 746.85 |
| FY2028 | 36.11 | 561.63 | 719.03 | 810.04 |
| FY2029 (extrapolated) | 41.52 | 645.88 | 826.88 | 931.55 |
| FY2030 (extrapolated) | 47.75 | 742.76 | 950.92 | 1,071.28 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (15.6, 19.9, 22.4).
Is Lockheed Martin stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Lockheed Martin's P/E of 21.0 is around the middle of its 5-year range (14.5 to 33.2, median 20.5). It is in line with its own history. Growing 18.9% a year, Lockheed Martin earns a P/E of 18.9 at a PEG of 1 (at most 25): × the next twelve months' EPS of 32.95, a fair value of 622.16, close to the price of 594.17. Its forward P/E, on the consensus for FY2026, is 19.4.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 14.2 and 23.6). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 21.02
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 20.47
- Five-year P/E range
- 14.5 – 33.2
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 19.38
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.11
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +7.4%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.