Jefferies Analyst Sets New Price Target for Lockheed Martin (NYSE: LMT) Amid Defense Contract Wins

Font: Financial Modeling Prep  • Jun 25, 2026

• Analyst Optimism & Price Target: Jefferies sets a $575.00 price target for Lockheed Martin, indicating a 13.87% potential upside from its current trading price of $504.95.
• Major Defense Contract Wins: Lockheed Martin secured $43.50 billion in new defense contracts, including significant awards for THAAD and PrSMs, which positively impacted its stock performance.
• Mixed Financial Outlook: Despite contract successes, Lockheed Martin's stock has shown recent weakness, with analysts projecting a 2.74% decrease in EPS but a 6.90% increase in revenue for the upcoming report.

An analyst at Jefferies sets a new price target for Lockheed Martin (NYSE: LMT) at $575.00. Lockheed Martin is a global aerospace and defense company that provides advanced technology systems and products. Based on its trading price of $504.95, this new target suggests a potential upside of 13.87% for the stock.

This optimistic outlook follows Lockheed Martin securing new defense contracts worth a combined $43.50 billion. As highlighted by Fool.com, these include a $35.30 billion award for Terminal High Altitude Area Defense (THAAD) Interceptors and an $8.20 billion contract for Precision Strike Missiles (PrSMs). This news contributed to a 2.80% increase in Lockheed Martin's stock on Thursday.

The THAAD contract is a significant seven-year agreement valued at up to $35.00 billion, as reported by PR Newswire. This long-term procurement deal is designed to quadruple the production of the missile defense interceptors. Such agreements provide Lockheed Martin with a predictable and stable stream of revenue over several years.

Despite this positive development, Lockheed Martin's stock has shown recent weakness. It closed a recent session at $491.64, a 2.39% drop that lagged the S&P 500, as noted by Zacks. Over the past month, the shares have fallen 5.49%, underperforming the Aerospace sector's 3.09% gain during the same period.

Investors are now watching for Lockheed Martin's next earnings report. Analysts expect Lockheed Martin to report earnings of $7.09 per share, a 2.74% decrease year-over-year. However, revenue is projected to increase by 6.90% to $19.41 billion, showing mixed expectations for the company's upcoming financial performance.