Lockheed Martin (LMT) PT Raised to $640 at Jefferies

Jefferies analyst Sheila Kahyaoglu raised the price target on Lockheed Martin (NYSE: LMT) to $640.00 (from $630.00) while maintaining a Hold rating.

The analyst commented, "Q1 revs likely ~flat with EPS est of $6.61, 2% below cons on one less week in Q1:26 and tough margin comps with $0.75/sh benefit from one-time profit adjustments in Q1:25. 2026 guidance likely maintained given history and Q1 unlikely to derisk the full year outlook as revs and margins ramp through the year with our '26 EPS of $29.80 (cons. $29.85) vs guide of $29.35-30.25. LMT trades at ~14X cons FY27 EBITDA, a 8% prem to 3 yr avg and 11% prem to mkt... PT of $640 Based on 13.7X 2027 EBITDA. LMT shares have recovered from 2025's underperformance +30% YTD (S&P Aero +4%, S&P 500 -3%) driven by ~2X multiple expansion w/ FY27 cons EPS ests +2%. Blended PT of $640 (prior $630) based on 13.7X EBITDA (14% prem to mkt) and 19.5X PE (14% prem to mkt) on 2027, ~in line w/ current relative premiums to market of 10% on P/E and 11% on EV/EBITDA."

You May Also Be Interested In

• Lockheed Martin bids for NATO modeling and simulation contract
• Outdoor Holding (POWW) PT Raised to $2.75 at Roth/MKM, reiterates Top Pick
• Bernstein SocGen Group Reiterates Outperform Rating on UnitedHealth Group (UNH)