Wall Street analysts maintain upside projections for LMT despite recent price target cuts following Q1 earnings miss.
Lockheed Martin Corporation (LMT) shares are poised for a 27% increase, according to Wall Street analysts, despite a mixed first-quarter performance. The defense contractor reported $18 billion in revenue, flat year-over-year and below the $18.24 billion forecast, while earnings per share fell to $6.44 from $7.28, missing estimates by 28 cents.
Morgan Stanley lowered its price target to $653 from $675 on April 24, adjusting its full-year EPS estimate to $29.90 from $30.05. Susquehanna also trimmed its target to $700 from $740 post-earnings, though it maintained a Positive rating. The company recently secured a U.S. Space Force contract for missile defense technology.
Lockheed Martin remains a key player in defense and aerospace, specializing in advanced technology systems and military hardware.