In a report released today, Peter Arment from Robert W. Baird upgraded Lockheed Martin (LMT – Research Report) to a Buy, with a price target of $540.00.
Peter Arment has given his Buy rating due to a combination of factors that highlight Lockheed Martin’s strong position in the defense sector. The company has shown impressive performance in the first quarter of 2025, with management expressing optimism across various segments, particularly in missile and missile defense platforms. This is driven by a robust global demand and the successful handling of previous concerns, such as F-35 headline risks and MFC charges, which now pose minimal downside risk for the year.
Furthermore, Lockheed Martin’s missile production is set to experience significant growth, supported by a substantial contract win and participation in the Golden Dome project. The company’s F-35 program continues to perform well, with delivery expectations exceeding production rates through 2027. Financially, the company maintains solid guidance for 2025, with stable sales and earnings projections, leading to an increase in EPS estimates for both 2025 and 2026. These factors collectively contribute to the positive outlook and the Buy rating for Lockheed Martin’s stock.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $500.00 price target.
Based on the recent corporate insider activity of 20 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 LMT in relation to earlier this year.