RBC cuts target for Lockheed Martin stock from USD 600 to USD 550

Published on 10/21/2026 at 10:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin stock costs EUR 488.05 on October 21, 2026, 0.44 percent below Xetra. Third-quarter results are due October 22, 2026, before the US open.

Analyst targets and earnings date

Royal Bank of Canada cut its Lockheed Martin target from USD 600.00 to USD 550.00 on October 15, 2026.
Second-quarter revenue reached USD 20.06 billion, up 10.50 percent year over year.
Lockheed Martin stock trades at EUR 488.05 at 10:39 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.44 percent below the Xetra close of October 20, 2026.
Third-quarter 2026 results are scheduled for October 22, 2026, before the US market opens.

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Lockheed Martin (ISIN US5398301094) was trading at EUR 488.05 at Lang & Schwarz on October 21, 2026, at 10:39 a.m. CEST, 0.44 percent below the Xetra close of October 20, 2026 at EUR 490.20. The latest analyst move came from Royal Bank of Canada, which cut its target from USD 600.00 to USD 550.00 on October 15, 2026, according to MarketBeat.

Why the target cut matters

The RBC target is only USD 1.29 above the USD 548.71 primary-exchange quote dated October 20, 2026, a gap of 0.24 percent. RBC maintained a sector perform rating, making the target reduction a measured counterweight to the company's strong second-quarter operating figures.

Lockheed Martin reported second-quarter revenue of USD 20.06 billion, up 10.50 percent from the prior-year quarter, while diluted earnings per share reached USD 7.94 against a USD 7.22 consensus estimate, according to MarketBeat. The result gives the upcoming report a demanding comparison base.

Three dates frame the story

On July 23, 2026, Lockheed Martin reported USD 20.06 billion of second-quarter revenue and USD 7.94 diluted earnings per share, according to MarketBeat. On October 9, 2026, the company introduced PAC-3 Edge, while its Missiles and Fire Control unit held USD 87.90 billion of backlog at the end of June, according to Yahoo Finance. On October 15, 2026, RBC cut its target from USD 600.00 to USD 550.00.

Which dates come next?

Lockheed Martin will publish third-quarter 2026 results before the US market opens on October 22, 2026, and will host its earnings webcast at 8:30 a.m. ET, according to the company's Lockheed Martin. The webcast replay is scheduled to remain available through November 5, 2026.

Stock trades below the Xetra close

The immediate test is whether third-quarter execution can support the missile backlog without reviving concerns about program profitability. The primary-exchange quote was USD 548.71 on October 20, 2026, while the 52-week range was USD 437.25 to USD 692.00.

Lockheed Martin was trading at EUR 488.05 at Lang & Schwarz on October 21, 2026, at 10:39 a.m. CEST, 0.44 percent below the Xetra close of October 20, 2026 at EUR 490.20. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.