Lockheed Martin’s Growth Potential ‘Not Priced Into The Stock,’ UBS Says — Analyst Sees About 15% Upside Potential In LMT Shares
Lockheed Martin (LMT) saw multiple analysts raise price targets post-Q3 results. UBS targets $692, RBC $600, Barclays $560, and Citi $706. Q3 revenue rose 11% YoY to $20.71B, beating estimates. EPS increased to $7.97. LMT raised 2026 revenue outlook to $80B-$82B and EPS to $30.35-$30.75. Backlog hit $292B, up 27%.
How this was made
The 30-second read
Why it matters
The earnings beat and guidance raise expectations for continued revenue growth, likely supporting a price rally.
Market read
First‑report earnings and guidance lift for a large defense firm, creating a clear trading catalyst.
What to watch
Potential budget constraints in key government customers could temper long‑term growth.
Background
Lockheed Martin posted a strong Q3 beat and raised its full‑year outlook, prompting multiple analysts to lift price targets.
Ticker impact
Lockheed Martin reported Q3 revenue of $20.71B, EPS $7.97 beating estimates, and raised FY2026 revenue outlook to $80‑$82B and FY2026 EPS to $30.35‑$30.75.
likely upward pressure as the market prices in higher revenue and earnings forecasts.
The earnings beat and guidance lift are fresh primary disclosures for a large defense contractor.
Market effects
Defense and aerospace sector may see broader rally on improved backlog and bookings.
U.S. defense stocks could benefit, with potential spill‑over to European defense peers.
Higher U.S. defense spending outlook supports global defense supply chains.
Counterpoint
If the market has already priced in the guidance lift, the stock may face limited upside.
Key entities
- companyLockheed Martin
U.S. defense contractor (ticker LMT).
- analystUBS
Raised price target to $692, citing accelerated growth.
