Redburn starts coverage and sets a USD 650 target for Lockheed Martin stock
Published on 10/07/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin (ISIN US5398301094) was trading at EUR 451.65 at Lang & Schwarz on October 7, 2026 at 4:00 p.m. CEST, down 0.37 percent versus the prior close of EUR 453.35 on October 6, 2026. On October 6, 2026, Rothschild & Co Redburn initiated coverage with a Buy rating and a USD 650.00 price target, according to Yahoo Finance.
Redburn targets defense demand
The research note frames replenishment of missile inventories and higher military spending as demand drivers for Lockheed Martin. Yahoo Finance said Redburn forecasts compound annual revenue growth of 5.80 percent and earnings-per-share growth of 9.20 percent from fiscal 2026 through fiscal 2030; those are analyst estimates, not company guidance.
Second-quarter sales reached USD 20.1 billion
Lockheed Martin's second-quarter 2026 results supplied a stronger operating base for the new coverage. In its release dated July 23, 2026, Lockheed Martin reported sales of USD 20.1 billion, up 11.00 percent, net earnings of USD 1.8 billion and diluted earnings per share of USD 7.94.
The same release cited USD 3.2 billion in cash from operations, USD 2.9 billion in free cash flow and a record backlog of USD 230.0 billion for the second quarter of 2026. The sales comparison and backlog show why the analyst case depends on both near-term execution and longer-cycle defense procurement.
October 22 sets the next test
Third-quarter 2026 results are scheduled before the market opens on October 22, 2026, with the conference call at 8:30 a.m. ET, according to Lockheed Martin. The report will test whether the second-quarter sales growth and cash generation continue into the next period.
NYSE quote and euro price
On the NYSE, Lockheed Martin was last at USD 504.25 on October 7, 2026 at 10:02 a.m. ET, with a USD 437.25 to USD 692.00 52-week range and a market capitalization of USD 116.4 billion. The euro quote remained the relevant German trading reference for this article. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.
Lockheed Martin stock facts
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 7, 2026, 4:00 p.m. CEST: EUR 451.65
- Change versus prior close: minus 0.37 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 453.35
- Market capitalization: USD 116.4 billion as of October 7, 2026
- Sector / Industry: Industrials / Aerospace and Defense
- Next earnings date: October 22, 2026
