BofA raises target for Lockheed Martin stock from USD 600 to USD 620

Published on 10/26/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA flags cash-flow risk after the third-quarter update. Lockheed Martin stock costs EUR 545.60 on October 26, 2026, 2.63 percent above the Xetra close.

Target changes and operating scale

BofA raised its Lockheed Martin target from USD 600.00 to USD 620.00 on October 25, 2026.
Third-quarter 2026 sales reached USD 20.71 billion, up 11.00 percent year over year.
Lockheed Martin stock traded at EUR 545.60 at 12:11 p.m. CET at Lang & Schwarz on October 26, 2026, 2.63 percent above the Xetra close of October 23, 2026.

Lockheed Martin, US5398301094, Illustration mit AI erstellt.

Lockheed Martin (ISIN US5398301094) was trading at EUR 545.60 at Lang & Schwarz on October 26, 2026 at 12:11 p.m. CET, 2.63 percent above the Xetra close of October 23, 2026 at EUR 531.60. According to Markets Insider on October 25, 2026, BofA raised its price target from USD 600.00 to USD 620.00 while retaining a Neutral rating and warning that the cash outlook presents downside risk.

Target rises with cash risk

The BofA change followed Lockheed Martin's third-quarter report, which showed sales of USD 20.71 billion for the third quarter of 2026 versus USD 18.61 billion a year earlier, an 11.00 percent increase. Morningstar reported that net earnings rose to USD 1.845 billion from USD 1.619 billion, while diluted earnings per share increased to USD 7.97 from USD 6.95.

The financial outlook also moved higher. Lockheed Martin guided to 2026 sales of USD 80.00 billion to USD 82.00 billion, compared with USD 79.75 billion to USD 81.75 billion in the July update, and lifted free cash flow guidance to USD 7.80 billion to USD 8.00 billion from USD 7.00 billion to USD 7.20 billion, according to the same October 22 release.

What do the latest events show?

The chronology points to improving demand but also execution exposure. On October 22, 2026, the company reported USD 20.71 billion in third-quarter sales and a record USD 292.00 billion backlog, according to Morningstar. On October 25, 2026, Jefferies lifted its target to USD 615.00 from USD 595.00 while keeping a Hold rating, as reported by Markets Insider. On October 25, 2026, BofA raised its target to USD 620.00 from USD 600.00 and cited cash-flow risk.

Dates for the next review

Lockheed Martin's third-quarter earnings webcast took place on October 22, 2026. The company said in its October 1, 2026 release that the webcast replay would remain available through November 5, 2026, on its investor-relations website, according to Lockheed Martin.

Stock gains remain tied to delivery

The market is weighing the record backlog against contract timing and cash conversion. Lockheed Martin's third-quarter free cash flow was USD 2.999 billion, down from USD 3.347 billion in the prior-year quarter, making the cash-flow warning relevant even as sales and guidance improved.

At 12:11 p.m. CET on October 26, 2026, Lockheed Martin was trading at EUR 545.60 at Lang & Schwarz, 2.63 percent above the Xetra close of October 23, 2026 at EUR 531.60. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.