Noah Poponak, an analyst from Goldman Sachs, maintained the Sell rating on Lockheed Martin. The associated price target is $430.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Noah Poponak has given his Sell rating due to a combination of factors impacting Lockheed Martin’s future performance. The company is experiencing strong growth in its Missiles and Fire Control (MFC) segment, driven by increased demand both domestically and internationally, as well as promising opportunities in the Space segment. However, the Aeronautics and Rotary and Mission Systems (RMS) segments are expected to grow at a slower pace in the medium term, which could impact overall company performance.
Noah Poponak also noted potential risks associated with recent write-downs and the Pentagon’s acquisition process changes, which could affect Lockheed Martin’s margins. Additionally, the company anticipates a significant non-operating, non-cash charge related to a pension transaction, which could further impact financial results. Despite these challenges, Lockheed Martin remains optimistic about expanding margins over time, but the combination of these factors has led to a cautious outlook, resulting in the Sell rating.
According to TipRanks, Poponak is a 4-star analyst with an average return of 6.6% and a 52.65% success rate. Poponak covers the Industrials sector, focusing on stocks such as Embraer, Mercury Systems, and Huntington Ingalls.