Vertical Research upgraded Lockheed Martin stock to Buy at USD 600.00

Published on 10/20/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin will publish third-quarter results on October 22, 2026. Lockheed Martin stock costs EUR 489.50, 0.14 percent below the Xetra close of EUR 490.20.

Defense demand meets funding risk

Vertical Research upgraded Lockheed Martin to Buy with a USD 600.00 target on October 14, 2026.
Second-quarter revenue reached USD 20.06 billion and diluted earnings per share were USD 7.94.
Lockheed Martin stock trades at EUR 489.50 at 10:38 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.14 percent below the Xetra close of October 19, 2026.
Third-quarter results are scheduled for October 22, 2026.

Isometrische Illustration einer Rüstungsproduktion von Design bis Lieferung — Isometrische 3D-Grafik der Wertschöpfungskette von Lockheed Martin, ISIN US5398301094, von Rohstoff bis Auslieferung, Illustration mit AI erstellt.

Lockheed Martin stock (ISIN US5398301094) was trading at EUR 489.50 at Lang & Schwarz on October 20, 2026, at 10:38 a.m. CEST, 0.14 percent below the Xetra close of October 19, 2026, at EUR 490.20. The immediate catalyst is a split analyst view before the company's third-quarter report.

Vertical Research sees USD 600

On October 14, 2026, Vertical Research upgraded Lockheed Martin from Hold to Buy and set a USD 600.00 price target, as reported by Markets Insider. The same report said analyst Robert Stallard expected the missile division to grow by about 11 percent annually through the end of the decade.

The counterweight came from Bernstein. On October 14, 2026, the firm cut its target from USD 629.00 to USD 564.00 and kept a Market Perform rating, according to Markets Insider. The disagreement centers on missile demand versus delays in U.S. defense funding.

What does the backlog mean?

The latest reported quarter provides a high operating baseline. Lockheed Martin posted USD 20.06 billion of revenue and diluted earnings per share of USD 7.94 in the second quarter of 2026, according to MarketBeat. Revenue was up 10.50 percent year over year, while the consensus estimate for earnings per share was USD 7.22.

Three dates shape the setup

On September 21, 2026, Lockheed Martin won a potential USD 1.20 billion U.S. Army framework contract for Precision Strike Missile upgrades, reported by MarketScreener. On October 9, 2026, the company declared a fourth-quarter dividend of USD 3.60 per share, up USD 0.15, according to Lockheed Martin. On October 14, 2026, Vertical Research made the USD 600.00 target and Buy upgrade the latest major analyst event.

Results arrive October 22

Lockheed Martin will publish third-quarter 2026 results before the market opens on October 22, 2026, followed by an earnings call at 8:30 a.m. ET, according to Lockheed Martin. The next dated shareholder event is December 1, 2026, the record date for the USD 3.60 dividend.

Funding risk meets missile demand

The stock's narrow 0.14 percent gap below the Xetra close leaves the upcoming report as the next test of whether second-half growth can convert the company's defense backlog into revenue. Investors will have to weigh the USD 600.00 bullish target against Bernstein's USD 564.00 caution.

Lockheed Martin was trading at EUR 489.50 at Lang & Schwarz on October 20, 2026, at 10:38 a.m. CEST, 0.14 percent below the Xetra close of October 19, 2026, at EUR 490.20. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.