
Lockheed Martin (LMT) Stock Forecast & Price Target
Lockheed Martin (LMT) Analyst Ratings
Bulls say
Lockheed Martin is the largest, most liquid U.S. defense stock and viewed as a proxy for defense sentiment. The company's 4Q25 standout cash flow generated a pre-fund of C26's pension requirement, a 10%+ increase to C25/26 FCF guidance, and no charges on the classified Aeroprogram. With the potential for federal debt reduction agreement and the forthcoming C27 DoW budget request, the stock's upward re-rating may continue.
Bears say
Lockheed Martin is a strong and reliable company with a dominant position in the defense industry. However, the loss of the Next Generation Air Dominance (NGAD) program and lack of involvement in a 6th generation fighter jet have raised concerns about its long-term growth outlook. Additionally, the company's execution on large programs, the uncertainty surrounding the F-35, and their reliance on government contracts and security clearances pose significant risks. Market saturation and potential budget cuts may also impact future defense spending, which could have a negative impact on Lockheed's revenue. As a result, we believe that while Lockheed's current financials are strong, its future growth potential is limited, leading to our negative outlook on the stock.
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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