TD Cowen Issues Positive Forecast for Lockheed Martin (NYSE:LMT) Stock Price

Posted by Danessa Lincoln on Jan 30th, 2026

Lockheed Martin (NYSE:LMT – Get Free Report) had its price target increased by stock analysts at TD Cowen from $600.00 to $670.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. TD Cowen’s target price would indicate a potential upside of 5.10% from the company’s previous close.

A number of other research firms also recently weighed in on LMT. Truist Financial upped their target price on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research note on Friday. The Goldman Sachs Group raised their target price on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. UBS Group boosted their price target on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $543.00 target price (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $577.29.

View Our Latest Stock Report on LMT

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $15.01 during trading hours on Friday, reaching $637.52. 167,505 shares of the stock were exchanged, compared to its average volume of 2,155,466. The firm has a market capitalization of $147.52 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.71 and a beta of 0.24. The stock’s fifty day simple moving average is $506.21 and its 200 day simple moving average is $479.69. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin has a 52 week low of $410.11 and a 52 week high of $645.67.

Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $20.32 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the company earned $7.67 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts predict that Lockheed Martin will post 27.15 EPS for the current year.

Institutional Investors Weigh In On Lockheed Martin

A number of institutional investors have recently modified their holdings of the company. Carnegie Investment Counsel raised its stake in shares of Lockheed Martin by 11.4% during the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock valued at $14,796,000 after acquiring an additional 3,031 shares during the last quarter. VCI Wealth Management LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $3,075,000. DAVENPORT & Co LLC lifted its position in Lockheed Martin by 22.4% during the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock valued at $12,688,000 after buying an additional 4,652 shares during the period. Farther Finance Advisors LLC grew its position in shares of Lockheed Martin by 29.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock worth $5,010,000 after buying an additional 2,270 shares during the period. Finally, Laffer Tengler Investments Inc. lifted its position in Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after acquiring an additional 5,781 shares during the period. 74.19% of the stock is owned by institutional investors.

Key Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

Positive Sentiment: Huge order backlog and Pentagon demand: Lockheed reported a record backlog (~$194B) and highlighted sustained demand for fighters and missiles, supporting multi-year revenue visibility. Lockheed Martin Reports Fourth Quarter and Full Year 2025 Financial Results
Positive Sentiment: THAAD production ramp — meaningful revenue/capacity boost: Lockheed and the U.S. government signed a framework to roughly quadruple THAAD interceptor output (to ~400/year), which drives near‑term production revenue and longer-term program scale. Lockheed Martin and U.S. Department of War Sign Framework Agreement to Quadruple THAAD Interceptor Production Capacity
Positive Sentiment: Quarterly revenue and cash flow strength: Q4 revenue was ~$20.3B (≈+9% y/y) and operating cash flow jumped, supporting capex plans and dividends/repurchases. Strong segment deliveries (including F‑35) underpin near-term growth. Lockheed Martin (LMT) Releases Q4 2025 Earnings: Revenue and EPS Beat, Strong Cash Flow
Positive Sentiment: Momentum-driven rally/analyst support: Coverage and commentary point to the strongest monthly performance in decades as investors price in defense buildup; several analysts maintain buy/overweight views and elevated price targets. Lockheed Martin’s stock is having its best month in half a century. Thanks, President Trump.
Neutral Sentiment: Updated FY‑2026 guidance (1/30): LMT set EPS guidance of 29.350–30.250 and revenue $77.5B–$80.0B (consensus EPS ~29.46; revenue consensus ~$77.8B). The range is roughly in line on revenue but the EPS midpoint sits close to/just below some estimates — investors will watch margins and execution.
Neutral Sentiment: Mixed quarter vs. street estimates: Management announced Q4 EPS of $5.80 and revenue $20.32B — revenue beat estimates while EPS was below some consensus figures but above a few alternative estimates; the mixed print reflects higher costs/program timing despite margin improvements. Lockheed’s Q4 Earnings Miss Estimates, Sales Increase Year Over Year
Negative Sentiment: Recent insider selling and execution risks: Some senior executives have sold shares recently; combined with program scale‑up (THAAD, munitions) this raises watch‑items around execution, supply chain and short‑term margin pressure. Lockheed Martin (LMT) Releases Q4 2025 Earnings: Revenue and EPS Beat, Strong Cash Flow

About Lockheed Martin

(Get Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.