Morgan Stanley upgrades Lockheed Martin stock to Overweight
Published on 10/27/2026 at 11:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and operating scale
- Morgan Stanley raised its target from USD 690 to USD 835 on October 26, 2026.
- Third-quarter 2026 sales reached USD 20.7 billion versus USD 18.6 billion a year earlier.
- Lockheed Martin stock was trading at EUR 567.70 at 11:34 a.m. CET at Lang & Schwarz on October 27, 2026, 1.67 percent above the Xetra close of October 26, 2026.
- Backlog reached USD 292.0 billion in the third quarter of 2026.
Lockheed Martin (ISIN US5398301094) was trading at EUR 567.70 at Lang & Schwarz on October 27, 2026 at 11:34 a.m. CET, up 1.67 percent versus the Xetra close of October 26, 2026. Yahoo Finance reported that Morgan Stanley upgraded the stock to Overweight and raised its price target from USD 690 to USD 835 on October 26, 2026. The upgrade puts the defense contractor's latest operating figures against a more optimistic view of long-term demand.
Morgan Stanley changes the frame
The analyst case is tied to the F-35 program and a planned decade of production at 156 aircraft per year, according to Yahoo Finance. The report said a new agreement covering 850 F-35 aircraft reduces a key production risk. It also highlighted missile growth, with Missiles and Fire Control revenue rising 24 percent year over year in the cited analysis.
JPMorgan raised its target from USD 620 to USD 665 on October 26, 2026 while retaining a Neutral rating, MarketScreener reported. That target is below Morgan Stanley's USD 835 view, showing a wide spread in analyst assumptions.
Why does the backlog matter?
Lockheed Martin reported third-quarter 2026 sales of USD 20.7 billion, compared with USD 18.6 billion in the third quarter of 2025. Net earnings reached USD 1.8 billion, or USD 7.97 per share, versus USD 1.6 billion, or USD 6.95 per share, a company release dated October 22, 2026 said. The release is available from Lockheed Martin.
Three events shape the stock
On October 22, 2026, Lockheed Martin reported USD 20.7 billion in third-quarter sales. On October 23, 2026, BNP Paribas lifted its price target from USD 560 to USD 670, as listed by MarketScreener. On October 26, 2026, Morgan Stanley raised its target to USD 835 from USD 690.
Dates investors can track
The official earnings webcast notice gives October 22, 2026 as the third-quarter results date and November 5, 2026 as the end of the replay period, according to Lockheed Martin.
Stock trades above the Xetra close
On the NYSE, the stock last stood at USD 635.20 at 4:00 p.m. ET on October 26, 2026. The current euro quote places Lockheed Martin above its Xetra reference close as investors weigh backlog visibility against differing analyst targets.
Lockheed Martin was trading at EUR 567.70 at Lang & Schwarz on October 27, 2026 at 11:34 a.m. CET, 1.67 percent above the Xetra close of October 26, 2026 at EUR 558.40. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.
Lockheed Martin stock facts
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 27, 2026, 11:34 a.m. CET): EUR 567.70
- Change versus Xetra close: plus 1.67 percent
- Xetra close (October 26, 2026): EUR 558.40
- Market capitalization: USD 146.7 billion (as of October 26, 2026)
- 52-week range: USD 437.25-692.00 (as of October 26, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
Market context: Market report S&P 500.
