TD Cowen cuts target for Lockheed Martin stock to USD 570
Published on 10/13/2026 at 11:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- TD Cowen cut its Lockheed Martin price target from USD 600 to USD 570 on October 9, 2026, while maintaining a Hold rating.
- Lockheed Martin reported second-quarter 2026 sales of USD 20.06 billion, up 10.50 percent year over year, and earnings per share of USD 7.94.
- The stock was trading at EUR 460.10 at Lang & Schwarz on October 13, 2026, at 11:03 a.m. CEST.
- Lockheed Martin declared a fourth-quarter 2026 dividend of USD 3.60 per share and scheduled third-quarter results for October 22, 2026.
Lockheed Martin stock was trading at EUR 460.10 at Lang & Schwarz on October 13, 2026, at 11:03 a.m. CEST. Yahoo Finance reported that TD Cowen cut its Lockheed Martin price target from USD 600 to USD 570 on October 9, 2026, while maintaining a Hold rating.
Target cut sets a 5.00 percent gap
The TD Cowen move reduced the target by USD 30, or 5.00 percent versus the previous USD 600 target. The revised USD 570 target remains a dated analyst assessment rather than a company forecast.
For investors tracking the defense contractor, the target change arrives before the company's next quarterly report. The lower valuation reference contrasts with Lockheed Martin's recent operating figures and its large defense program backlog.
Second-quarter sales reached USD 20.06 billion
Lockheed Martin reported USD 20.06 billion in sales for the second quarter of 2026, up 10.50 percent from USD 18.16 billion in the same quarter of 2025. The company also reported earnings per share of USD 7.94, compared with USD 6.33 a year earlier, according to MarketBeat.
The same quarter produced USD 3.2 billion in operating cash flow and lifted the reported backlog to USD 230.4 billion. Those figures give the target revision a concrete operating counterpoint, although they do not determine the next quarter's result.
Three dated milestones shape the setup
On July 23, 2026, Lockheed Martin reported second-quarter sales of USD 20.06 billion and earnings per share of USD 7.94, according to Lockheed Martin. On September 21, 2026, the company secured a U.S. Army Precision Strike Missile Increment 2 contract worth up to USD 1.20 billion, as reported by MarketScreener. On October 9, 2026, the board declared a fourth-quarter dividend of USD 3.60 per share, up USD 0.15 from the previous quarter, according to Lockheed Martin.
When are the next results?
Lockheed Martin scheduled its third-quarter 2026 earnings webcast for October 22, 2026, at 8:30 a.m. ET, according to Lockheed Martin. The release will put the USD 570 target into a new test against sales growth, cash generation and delivery execution.
EUR 460.10 in afternoon trading
The stock was trading at EUR 460.10 at Lang & Schwarz on October 13, 2026, at 11:03 a.m. CEST. The quote provides the German-market reference for the session, while the NYSE listing and USD analyst targets remain separate currency perspectives.
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 13, 2026, 11:03 a.m. CEST): EUR 460.10
- Market capitalization: USD 118.1 billion (as of October 13, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
- Index membership: S&P 500
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
