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Lockheed Martin Stock Rises After Analyst Upgrade
Shares of the aerospace and defense company jump 2.6% following a price target increase.
Published on Mar. 8, 2026
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Shares of Lockheed Martin Corporation (NYSE:LMT) rose 2.6% on Friday after Argus Research upgraded the stock and increased its price target from $530 to $735. The aerospace and defense company's stock traded as high as $672.86 during the day, closing at $672.02.
Why it matters
Lockheed Martin is one of the largest defense contractors in the world, with a diverse portfolio of military aircraft, missile systems, space technologies, and other advanced products. Analyst upgrades and price target increases can signal growing confidence in the company's future performance and outlook.
The details
Argus Research maintained its buy rating on Lockheed Martin and raised the price target, citing the company's strong order book and potential for continued growth. Other analysts have also recently issued reports on the stock, with Morgan Stanley setting a $675 price target and Weiss Ratings upgrading the stock to a 'buy' rating.
- Lockheed Martin's stock rose 2.6% during trading on Friday, March 8, 2026.
The players
Lockheed Martin Corporation
A global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers.
Argus
A research firm that covers Lockheed Martin and raised its price target on the stock.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
The takeaway
The analyst upgrade and price target increase for Lockheed Martin's stock reflects the company's strong position in the defense industry and the potential for continued growth in its business. This news highlights the importance of monitoring analyst sentiment and market reactions for investors following major defense contractors.
