Bernstein Raises L3Harris Technologies (LHX) Price Target to $273, Keeps Outperform Rating

On May 29, 2025, Bernstein bumped up its price target for L3Harris Technologies, Inc. (NYSE:LHX) to $273 from $267 and maintained an ‘Outperform’ rating on the shares.

Even though L3Harris won a big U.S. government contract, analysts say this wasn’t the main reason for the change. The company’s focus on new technology and contracts is helping it grow in the defense industry. Bernstein raised its price target after analyzing financial data and market trends, expecting L3Harris to keep delivering value to its investors.

A security guard patrolling a defense facility, protecting critical technologies.

One of the strengths is L3Harris’ lead in securing communication devices. This expertise has seen the US government recently contract the company to develop a next-generation security processor to secure communication devices around the world. According to the press release, this new project will enhance security and management infrastructure for communication hardware, including protecting weapons systems against current and future cyber threats.

L3Harris Technologies, Inc. (NYSE:LHX) is a defense and aerospace technology company. It provides mission-critical solutions for government and commercial customers worldwide. Some of its leading products include tactical radios, avionics, surveillance systems, and night vision equipment.

While we acknowledge the potential of L3Harris Technologies (NYSE:LHX) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LHX and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.