RBC cuts Lockheed Martin target from USD 600 to USD 550 for Lockheed Martin stock

Published on 10/22/2026 at 11:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC cut its target from USD 600 to USD 550 on October 15, 2026. Lockheed Martin stock costs EUR 496.95 on October 22, 2026 before third-quarter results.

Analyst target and earnings date

RBC Capital cut its Lockheed Martin target from USD 600 to USD 550 on October 15, 2026.
Second-quarter sales reached USD 20.06 billion on July 23, 2026, up 10.50 percent year over year.
Lockheed Martin stock trades at EUR 496.95 at 11:44 a.m. CEST at Lang & Schwarz on October 22, 2026.

Isometrische Illustration einer Rüstungsproduktion von Design bis Lieferung — Isometrische 3D-Grafik der Wertschöpfungskette von Lockheed Martin, ISIN US5398301094, von Rohstoff bis Auslieferung, Illustration mit AI erstellt.

Lockheed Martin stock (ISIN US5398301094) was trading at EUR 496.95 at Lang & Schwarz on October 22, 2026 at 11:44 a.m. CEST. Benzinga reported on October 15, 2026 that RBC Capital maintained a Sector Perform rating while cutting its Lockheed Martin target from USD 600 to USD 550.

The target cut meets earnings day

The analyst revision arrived shortly before Lockheed Martin's third-quarter report. The company had scheduled publication before the market opened on October 22, 2026, followed by an 8:30 a.m. ET webcast, according to Lockheed Martin on October 1, 2026.

The chronology is clear. On July 23, 2026, Lockheed Martin reported second-quarter sales of USD 20.06 billion, up 10.50 percent year over year. On October 15, 2026, RBC Capital reduced its target from USD 600 to USD 550. On October 21, 2026, the company entered the scheduled third-quarter reporting window with a record backlog and updated full-year expectations, as FT.com reported.

What does the earnings setup contain?

The second-quarter report supplied a substantial operating base: backlog stood at USD 230 billion, while management raised 2026 sales guidance to USD 79.75 billion to USD 81.75 billion from USD 77.50 billion to USD 80.00 billion. Diluted earnings-per-share guidance rose to USD 29.95 to USD 30.65 from USD 29.35 to USD 30.25, according to FT.com on October 21, 2026.

That combination gives the October report two measurable tests: whether revenue can build on the USD 20.06 billion second-quarter level and whether the raised guidance remains credible. Market expectations before the release were USD 20.48 billion of revenue and USD 7.52 of earnings per share for the third quarter, according to Investing.com on October 21, 2026.

Dates investors are tracking

October 22, 2026 is the substantiated reporting date for the third-quarter results and the accompanying webcast. The next dated operating reference is the newly published third-quarter report itself, which will show whether the USD 230 billion backlog is converting into sales and cash flow.

Stock stays tied to execution

For investors, the target reduction places more weight on the earnings figures than on a broad defense narrative. The current EUR quote is a German-market indication, while the cited analyst targets and operating figures are in USD, so the currencies should not be combined into one return calculation.

Lockheed Martin was trading at EUR 496.95 at Lang & Schwarz on October 22, 2026 at 11:44 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.