Lockheed Martin (LMT – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Ronald Epstein from Bank of America Securities maintained a Hold rating on the stock and has a $485.00 price target.
Ronald Epstein’s rating is based on Lockheed Martin’s recent financial performance and future outlook. The company reported strong earnings per share (EPS) of $7.28 for the first quarter of 2025, surpassing expectations from both Bank of America and Bloomberg. Additionally, Lockheed Martin’s revenue increased by 4% year-over-year, and its operating margin of 13.2% exceeded prior estimates, indicating robust performance in its Rotary and Mission Systems and Space Systems segments.
Despite these positive results, Epstein maintains a Hold rating due to certain uncertainties in the company’s outlook. While Lockheed Martin reaffirmed its full-year 2025 guidance, this outlook assumes funding levels that align with the current Continuing Resolution, and it does not account for potential impacts from tariffs, the loss of the Next Generation Air Dominance program, or executive orders. These factors contribute to a cautious stance, justifying the Hold rating despite the company’s strong quarterly performance.
Epstein covers the Industrials sector, focusing on stocks such as Boeing, Rocket Lab USA, and Aercap Holdings. According to TipRanks, Epstein has an average return of 12.0% and a 59.19% success rate on recommended stocks.
In another report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $480.00 price target.