UBS Raises Lockheed Martin (LMT) Price Target to $692
Key Points
- UBS reaffirmed its Buy rating on Lockheed Martin Corporation on October 23, 2026, pushing its price target higher from $653.00 to $692.00.
- UBS's $692 price target implies 14.50% upside from Lockheed Martin Corporation's ($LMT) current $604.38 share price.
- Lockheed Martin recently traded around $604.38, holding well above its 50-day and 200-day moving averages.
- Wall Street tracks the aerospace and defense company with a consensus Buy recommendation across 21 analyst opinions.
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UBS reaffirmed its Buy rating on Lockheed Martin Corporation on October 23, 2026, and raised its price target to $692.00 from $653.00. The research note highlights the firm's positive outlook for the aerospace and defense contractor.
LMT
Lockheed Martin Corporation
UBS vs. the S&P 500
Hypothetical returns from UBS's disclosed trades, not real profit or advice. How we model this.
UBS's Call on Lockheed Martin
On October 23, 2026, UBS kept a Buy rating on Lockheed Martin while lifting its target by $39.00 to $692.00. Other firms weighed in on the same day, including Citigroup maintaining a Buy rating with a $706.00 target, Barclays maintaining an Equal-Weight rating with a $560.00 target, and RBC Capital maintaining a Sector Perform rating with a $600.00 target following an earlier October 15 note at $550.00.
Other Institutional Activity in Lockheed Martin
Foster Victor Wealth Advisors grew its holdings by 1,735 shares, ending with 35,024 shares worth about $19,201,196. Sanders Capital, LLC increased its stake by 952,519 shares, concluding the period with 2,093,533 shares valued at roughly $1,234,995,995.
Lockheed Martin Corporation Stock Up 9.6%
Lockheed Martin recently traded around $604.38 as of October 23, 2026, sitting close to its event-day close of $604.18.
$LMT price target
Lockheed Martin Corporation daily closes and this analyst's $692 target. Not advice.
Recent Earnings
Lockheed Martin reported trailing twelve month revenue of $79,116,001,280 and earnings of $28.16 per share. The next earnings report is scheduled for January 26, 2027.
Dividend
The company provides an annual dividend rate of $14.40 per share.
Insider Buying and Selling at Lockheed Martin Corporation
Company insiders completed several stock sales earlier in the year ahead of the autumn rating updates. Gregory M Ulmer sold 2,840 shares on February 27, 2026, at an average price of $658.08 for a total value of $1,868,947. Timothy S Cahill sold 4,620 shares on March 11, 2026, at $649.47 per share, totaling $3,000,551. Later, Robert M Lightfoot Jr sold 2,606 shares on August 12, 2026, valued at $1,565,583, and John M Donovan sold 3,378 shares on August 13, 2026, worth $2,022,373.
Analysts Set New Price Targets
The broader analyst community maintains a consensus Buy recommendation on the stock from 21 analysts with an average price target of $632.90.
About Lockheed Martin Corporation
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation operates as a global aerospace and defense contractor. The firm builds advanced technology systems, aircraft, and defense products through four core segments covering aeronautics, missiles, rotary systems, and space operations.
Bottom Line
UBS's revised target aligns with higher expectations for the defense sector as markets monitor upcoming corporate earnings. Investors will look toward the next financial report on January 26, 2027, for further updates on operational delivery.
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Source: UBS's rating change on $LMT (Oct 23, 2026). Written by software, not financial advice. How we make alerts