Particle.news
Download on the App Store

Lockheed Martin Shares Hit 52-Week High as Street Splits on 2026 Outlook

Program wins plus a PAC-3 expansion plan lift optimism; consensus targets still trail the rally.

Overview

  • The stock set a 52-week high of $586.85 on January 20 and has gained roughly 18%–20% over the past year, according to Yahoo Finance and Barchart data.
  • Truist upgraded the shares to Buy on January 9 with a $605 target, citing improved execution, lower estimated costs at completion, and anticipated double-digit growth in the Missiles and Fire Control division.
  • UBS raised its target to $580 on January 15 with a Neutral rating, while Jefferies lifted its target to $540 on January 12 and kept Hold, reflecting caution on margins and 2026 guidance.
  • Analyst consensus stood at Hold with a one-year average target of $559.23 as of January 19, implying about 4% downside from recent levels.
  • Operational momentum includes a record 191 F-35 deliveries in 2025, completion of the TR-3 software update, and a seven-year plan to expand PAC-3 MSE capacity to 2,000 units annually pending FY26 appropriations.