Lockheed Martin stock gains support after UBS upgrade and fresh Navy torpedo contract
Published on 09/10/2026 at 17:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin Corporation stock (ISIN US5398301094) is drawing renewed investor attention after a recent UBS upgrade to Buy with a higher 12-month price target of USD 674 as of September 8, 2026, while a fresh USD 257.3 million US Navy torpedo contract disclosed on September 9, 2026 expands the company’s backlog and highlights ongoing demand for its defense systems.
UBS lifts price target on missile demand
According to Yahoo Finance on September 8, 2026, UBS raised its 12-month price target for Lockheed Martin stock from USD 581 to USD 674 and upgraded the shares from Neutral to Buy, citing strong missile demand and a robust backlog as key drivers for its more positive stance.
TheStreet reported on September 9, 2026 that the new UBS target of USD 674 implies about 26 percent upside from Lockheed Martin’s closing price of USD 524.48 on September 4, 2026, underlining how the bank sees a structural shift in the company’s earnings profile as missile programs and sustainment activities grow.
Navy torpedo contract reinforces backlog
As Ad-hoc news reported on September 10, 2026, the US Department of Defense announced on September 9, 2026 a USD 257.3 million modification to an existing US Navy contract for MK 48 heavyweight torpedo components in which Lockheed Martin plays a key role, adding to the company’s undersea warfare backlog.
The same report highlights that the torpedo contract reinforces Lockheed Martin’s status as a major US defense supplier and provides incremental revenue visibility in the undersea systems segment, which complements the company’s larger missile and aviation programs in its long-term portfolio.
Latest analyst consensus and valuation context
According to MarketBeat on September 9, 2026, one analyst currently rates Lockheed Martin stock Strong Buy, eight have Buy ratings, nine rate it Hold and one rates it Sell, resulting in an average rating of Hold and a consensus target price of USD 637.56.
TheStreet also noted on September 9, 2026 that Jefferies reiterated its Hold rating on Lockheed Martin shares and kept a USD 595 price target, providing a more cautious counterpoint to UBS’s higher USD 674 target and illustrating that views on the stock’s upside potential remain divided among major houses.
Valuation metrics from GuruFocus on September 9, 2026 show a GF Value estimate of USD 562.18 for Lockheed Martin versus a recent market price of USD 524.46, suggesting the shares were about 6.7 percent undervalued relative to that intrinsic value gauge at the time of the analysis.
Recent financial performance and dividend profile
While the most recent full quarterly figures are not detailed in this week’s sources, the valuation work summarized by GuruFocus on September 9, 2026 points to a GF Score of 85 out of 100 for Lockheed Martin, with profitability rated 9 out of 10 and valuation 9 out of 10, indicating strong underlying margins and earnings power supporting the stock’s dividend and capital return profile.
The same GuruFocus overview notes a financial strength score of 6 out of 10 and growth of 7 out of 10, suggesting that Lockheed Martin combines solid balance sheet metrics and moderate growth prospects, which many long-term investors see as fitting for a large defense contractor with significant government contracts and a stable cash flow base.
Stock price and trading perspective
Recent trading data indicate that Lockheed Martin stock closed at USD 525.28 on the New York Stock Exchange on September 4, 2026, down 1.44 percent or USD 7.67 from the prior session, with a pre-market indication of USD 531.20 early on the following trading day, according to Nasdaq real-time price information referenced by Yahoo Finance on September 9, 2026.
In addition, price comparisons to valuation references show that the September 4, 2026 closing level of around USD 525 is modestly below the GF Value estimate of USD 562.18 outlined by GuruFocus on September 9, 2026, underscoring how the shares are trading at a discount of about 6.7 percent to that intrinsic value benchmark.
Lockheed Martin stock and investor takeaway
For investors, the combination of UBS’s price target increase from USD 581 to USD 674 as of September 8, 2026 and the USD 257.3 million Navy torpedo contract announced on September 9, 2026 offers a visible mix of analyst optimism and incremental backlog support, while the broader analyst consensus around a USD 637.56 target and Hold rating highlights that the stock’s risk-reward profile is still viewed as balanced by much of the market.
Lockheed Martin stock key data
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Trading venue: NYSE
- Price (as of September 4, 2026): 525.28 USD
- Market capitalization: 524.46 USD price basis used for GF Value comparison (as of September 4, 2026)
- Sector / Industry: Aerospace and Defense
- Index membership: S&P 500
