Bernstein cuts target for Lockheed Martin stock to USD 564
Published on 10/15/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst split and company milestones
- Bernstein lowered its target from USD 629 to USD 564 on October 14, 2026.
- Lockheed Martin generated USD 20.1 billion in revenue during the second quarter of 2026.
- Lockheed Martin stock trades at EUR 468.75 at 11:10 a.m. CEST at Lang & Schwarz on October 15, 2026.
- Third-quarter results are scheduled for October 22, 2026, followed by the December 1, 2026, dividend record date.
Lockheed Martin (ISIN US5398301094) was trading at EUR 468.75 at Lang & Schwarz on October 15, 2026, at 11:10 a.m. CEST. On October 14, 2026, Markets Insider reported that Bernstein lowered its price target from USD 629 to USD 564 while maintaining a Market Perform rating.
Bernstein flags budget uncertainty
The target reduction gives the latest analyst view a cautious edge before Lockheed Martin's third-quarter report. The cited concern is delayed defense funding while the fiscal 2027 budget remains unresolved, a risk that could affect program timing and investor expectations.
The counterpoint came from Vertical Research. Yahoo Finance reported that the firm upgraded Lockheed Martin from Hold to Buy and set a USD 600 target on October 14, 2026, citing valuation and expected missile demand.
Three milestones shape the story
Lockheed Martin's recent chronology starts on July 23, 2026, when second-quarter revenue reached USD 20.06 billion and diluted earnings per share were USD 7.94, according to MarketBeat. On October 13, 2026, Lockheed Martin and Avio announced a cooperation agreement covering solid rocket motor production. On October 14, 2026, Bernstein cut its target to USD 564 from USD 629.
What dates matter for investors?
The next scheduled dates are October 22, 2026, for third-quarter results, and December 1, 2026, for the record date of a USD 3.60 quarterly dividend, both listed by MarketBeat. The earnings release is the nearer test of revenue, cash flow and delivery execution.
Stock price and investor context
The euro quotation places Lockheed Martin below the USD 600 and USD 629 analyst reference points when viewed across currencies, but those values are not directly comparable. The more useful near-term signal is the contrast between Bernstein's caution on defense funding and Vertical Research's valuation-based upgrade.
Lockheed Martin was trading at EUR 468.75 at Lang & Schwarz on October 15, 2026, at 11:10 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.
Lockheed Martin stock at a glance
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 11:10 a.m. CEST): EUR 468.75
- Market capitalization: USD 120.5 billion (as of October 14, 2026)
- 52-week range: USD 437.25-692.00 (as of October 14, 2026)
Market context: Market report S&P 500.
