Bernstein Lifts Lockheed Martin Corporation (LMT)’s Price Target, Citing Strong Top-line Growth Outlook

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Largest Defense Stocks in 2025. On October 20, Bernstein lifted the stock’s price target to $545 from $497 and maintained a Market Perform rating.

Bernstein Lifts Lockheed Martin Corporation (LMT)'s Price Target, Citing Strong Top-line Growth Outlook

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The adjustment came a day ahead of the company’s Q3 2025 earnings call and represented an upside potential of 8% from Monday’s close. The firm noted that Lockheed Martin Corporation (NYSE:LMT) has a strong top-line growth outlook, driven by substantial orders for F-35, PAC-3, CH-53K, and other programs.

However, the firm also highlighted the defense contractor’s operational challenges in the Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control segments, which have led to recent charges.

Lockheed Martin Corporation (NYSE:LMT) declared financial results for the third quarter on October 21, with total revenue rising 8.8% year-over-year to $18.61 billion, surpassing analysts’ estimates of $18.56 billion. Earnings per share came in at $6.95, also beating expectations of $6.36.

The company announced it would raise its 2025 revenue and profit forecasts, amid sustained demand for fighter jets and munitions stemming from escalating geopolitical conflicts in Europe and the Middle East.

Lockheed Martin Corporation (NYSE:LMT) is one of the largest defense contractors in the world. It is famed for manufacturing notable fighter jets, including the F-35. The company also delivers advanced autonomous solutions to the US military to support its most demanding missions.

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