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Lockheed Martin rated buy with $650 target amid strong defense growth outlook

Analyst Insights
08 Oct 2026
Seeking Alpha
View Source
Bullish
Lockheed Martin rated buy with $650 target amid strong defense growth outlook

Rothschild Redburn initiated a buy rating on Lockheed Martin, setting a $650 price target due to its strong growth prospects in the defense sector amid rising geopolitical risks. The analyst forecasts annual revenue growth of 5.8% and EPS growth of 9.2% from 2026 to 2030. While political decisions influence defense budgets, Lockheed Martin's leadership is key to delivering essential military capabilities, making it a compelling investment opportunity.

Lockheed Martin (LMT) trades at USD 505.90 on Pluang as of Oct 08, 2026 21:02 WIB, which is closer to its 52-week low of USD 439.19 than its high of USD 676.70. Despite this, the stock shows positive momentum with a 1-day gain of 1.34% and a dividend yield of 2.76%. The market cap stands at $115.22 billion, reflecting substantial investor interest even as order activity on Pluang is nearly balanced between selling (51%) and buying (49%).

More News (LMT)

Lockheed Martin shifts to stable growth with $230B backlog, driven by missiles, F-35, and radar projects.

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Lockheed Martin remains a buy despite recent pullback, with strong long-term demand and attractive valuation.

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Lockheed Martin's stock has pulled back 11% since July, but it remains a buy due to strong long-term demand and a discounted valuation compared to its historical average and industry peers. The company expects sales growth to accelerate in 2026 after...

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