L3Harris upgraded to Buy after 30% price drop, citing strong defense demand and 26.5% upside potential.

L3Harris Technologies has been upgraded to a Buy rating following a 30% decline in its stock price, presenting a compelling entry point for investors. The company benefits from sustained long-term demand in the defense sector, NATO modernization efforts, and increased missile production amid global geopolitical tensions. A discounted cash flow analysis values the stock at $297.19, suggesting a 21% margin of safety and a potential upside of 26.5% from current prices. However, investors should consider risks related to slower free cash flow growth and the need for strong project execution.

L3Harris Technologies trades at USD 233.71 on Pluang as of Oct 08, 2026 18:43 WIB, near its 52-week low of USD 233.63. The stock shows a slight 1-day gain of 0.03% with a market cap of USD 43.51 billion. Pluang investors hold the stock for an average of 55 days, with all current orders being buys, reflecting strong interest in this defense sector name.