TD Cowen Lifts L3Harris (LHX) Price Target, Keeps Buy Rating

On Friday, May 30, TD Cowen analyst Gautam Khanna increased the price target on L3Harris Technologies, Inc. (NYSE:LHX) from $240 to $270 and maintained a “Buy” rating. This adjustment reflects the firm’s growing confidence in the company to achieve its 2026 targets. TD Cowen’s analysis noted improved order momentum and progress on previously delayed programs.

Khanna is confident in L3Harris Technologies, Inc.’s (NYSE:LHX) 2026 financial targets, which include $23 billion in sales, $2.8 billion in free cash flow, and a 16% margin. According to the analyst, these targets now seem to be more achievable compared to earlier skepticism.

A military jetfighter against a deep blue sky with the sun behind it.

The analyst also highlighted the Golden Dome theme as part of L3Harris Technologies, Inc.’s (NYSE:LHX) investment appeal. Although details about the Golden Dome program remain unclear, Khanna sees the stock as a viable option for investors interested in engaging with this theme.

L3Harris Technologies, Inc. (NYSE:LHX) is an American aerospace and defense technology company. In the interest of national security, it delivers a wide range of solutions across various domains like air, land, sea, space, and cyber.

While we acknowledge the potential of 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’ a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.