L3Harris Technologies, the Industrials sector company, was revisited by a Wall Street analyst on February 25. Analyst Noah Poponak from Goldman Sachs maintained a Buy rating on the stock and has a $405.00 price target.
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Noah Poponak has given his Buy rating due to a combination of factors, notably L3Harris’s plan for revenue to expand faster than large defense peers while sustaining superior profitability. Management’s 2028 targets call for solid organic growth, segment sales and operating income at or above current expectations, and particularly strong projected cash generation even as the company funds elevated capital spending.
Poponak also highlights the attractive positioning of key segments, with Space & Mission Systems and Communication & Spectrum Dominance both guided modestly above street forecasts and maintaining robust margin profiles. In Missile Solutions, L3Harris is committing substantial investment to scale solid rocket motor capacity, supporting a sizable revenue ramp and paving the way for capex to normalize after 2028, which together underpin a favorable long-term risk‑reward in the shares.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LHX in relation to earlier this year.