Morgan Stanley Raises Lockheed Martin (LMT) Price Target to $835
Key Points
- Morgan Stanley increased its price target for Lockheed Martin from $690 to $835, reflecting a significant upgrade in its outlook.
- Morgan Stanley's $835 price target implies 38.20% upside from Lockheed Martin Corporation's ($LMT) current $604.18 share price.
- The stock recently traded at about $604.18, which is below the new target and also below the mean analyst target of $634.52.
- Lockheed Martin has a strong market presence in the aerospace and defense industry, with trailing revenue of $79.1 billion and an impressive return on equity of 80.2%.
Get Lockheed Martin text alerts
We text you when insiders, Congress, analysts or big funds move on $LMT.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Lockheed Martin Corporation alert may contain errors. Disclosures
On October 26, 2026, Morgan Stanley raised its rating on Lockheed Martin Corporation (LMT) to Overweight and set a new price target of $835, up from $690. This change reflects a more positive outlook from the firm, highlighting confidence in the company's future performance.
The new target represents a significant increase in Morgan Stanley's expectations for Lockheed Martin, which recently closed at $604.18 on October 23, 2026. The stock is currently trading below this new target and the mean analyst target of $634.52, suggesting potential upside for investors.
LMT
Lockheed Martin Corporation
Morgan Stanley vs. the S&P 500
Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.
Other Institutional Activity in Lockheed Martin
Washington Trust added 1,126 shares of Lockheed Martin, bringing its total to 28,738 shares worth about $14.6 million. Ascent Wealth Partners opened a new position with 1,393 shares valued at approximately $709,225. Sanders Capital, LLC increased its holdings by 952,519 shares, resulting in a total of over 2 million shares valued at about $1.26 billion.
Lockheed Martin Corporation Stock Up 2.4%
Lockheed Martin's shares are currently trading at $604.18, which is about equal to the closing price on October 23. The stock is above its 50-day moving average by 11.9% and above its 200-day moving average by 6.7%. However, it is 12.7% below its 52-week high of $692.
$LMT price target
Lockheed Martin Corporation daily closes and this analyst's $835 target. Not advice.
Recent Earnings
Lockheed Martin reported trailing twelve-month revenue of $79.1 billion and an earnings per share (EPS) of $28.16. The company has shown a revenue growth of 11.3% year-over-year and a net margin of 8.2%. The next earnings report is scheduled for January 26, 2027.
Dividend
Lockheed Martin pays an annual dividend of $14.40 per share, resulting in a yield of 2.38%. The dividend payout ratio stands at 49%, indicating a balanced approach to returning value to shareholders while retaining earnings for growth.
Insider Buying and Selling at Lockheed Martin Corporation
Since February 2026, several insiders have sold shares. Gregory M. Ulmer, an officer, sold 2,840 shares at an average price of $658.08, totaling about $1.87 million on February 27. Timothy S. Cahill also sold 4,620 shares at $649.47 on March 11 for approximately $3 million. Other officers, Robert M. Lightfoot Jr. and John M. Donovan, sold shares earlier in August, totaling around $3.6 million combined.
Analysts Set New Price Targets
On October 23, 2026, several analysts maintained their ratings on Lockheed Martin. UBS kept its Buy rating with a target of $692, while Citigroup also maintained a Buy rating with a target of $706. RBC Capital retained a Sector Perform rating with a target of $600, and Barclays held an Equal-Weight rating with a target of $560. The consensus recommendation for Lockheed Martin remains a Buy, with an average target price of $634.52.
About Lockheed Martin
Lockheed Martin Corporation is a leading aerospace and defense company based in Bethesda, MD. It specializes in the design, development, and manufacturing of advanced technology systems and services. The company's diverse operations include segments such as Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space, positioning it as a key player in the global defense sector.
Bottom Line
Morgan Stanley's upgrade and new price target for Lockheed Martin highlight the firm's confidence in the company's growth potential. Investors should keep an eye on the upcoming earnings report on January 26, 2027, for further insights into its performance.
Related Filing Alerts
Source: Morgan Stanley's rating change on $LMT (Oct 26, 2026). Written by software, not financial advice. How we make alerts