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. 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.
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