Key Takeaways:
- Lockheed Martin's new $2.97 billion contract bolsters their position in defense innovation.
- Analyst price targets suggest potential growth, with a high estimate of $670.00 per share.
- GuruFocus values highlight a 20.67% upside, reinforcing the stock’s investment potential.
Lockheed Martin's Landmark Defense Contract
Lockheed Martin's (NYSE: LMT) Rotary and Mission Systems division has secured a noteworthy 10-year contract, boasting a value of up to $2.97 billion. This contract is pivotal for the enhancement of the Aegis ballistic missile defense combat system. Notably, these upgrades will impact the U.S. Navy's fleet of guided missile destroyers and cruisers, alongside various international systems situated in strategic locations such as Guam and Europe.
Analyst Price Target Insights
According to projections from 18 analysts, Lockheed Martin Corp (LMT, Financial) has an average price target of $533.39 over the next year. The highest forecast reaches up to $670.00, whereas the most conservative prediction is set at $408.00. This average target price suggests a promising upside of 14.48% from the current share price of $465.94. For a more comprehensive overview of these estimates, visit the Lockheed Martin Corp (LMT) Forecast page.
Brokerage Recommendations and GF Value Estimate
Examining consensus data from 24 brokerage firms, Lockheed Martin Corp (LMT, Financial) currently maintains an average recommendation rating of 2.3, denoting an "Outperform" status. This rating reflects a scale where 1 represents a Strong Buy and 5 indicates a Sell.
Furthermore, GuruFocus estimates place the projected GF Value for Lockheed Martin Corp (LMT, Financial) at $562.25 in one year's time. This estimation suggests a notable upside of 20.67% from the present price of $465.94. The GF Value is a calculated measure of the fair trading value for the stock, derived from historical trading multiples, past business growth, and anticipated future performance. For more detailed insights, refer to the Lockheed Martin Corp (LMT) Summary page.
