Tue Jan 28 13:00:00 UTC 2025: ## Lockheed Martin Stock Soars on Positive Analyst Ratings

**Sioux Falls, SD – January 24, 2024** – Shares of Lockheed Martin (NYSE: LMT) surged 2.9% to $504.74 in midday trading Tuesday, exceeding its previous closing price of $490.32. While trading volume was lower than average (424,172 shares vs. an average of 1,082,789), the increase follows a wave of positive analyst commentary.

Several firms recently adjusted their ratings and price targets for Lockheed Martin. Truist Financial initiated coverage with a “buy” rating and a $579.00 price objective. Conversely, StockNews.com downgraded the stock from “strong-buy” to “buy.” Royal Bank of Canada lowered its price target from $675.00 to $665.00, maintaining an “outperform” rating, while TD Cowen raised its target from $560.00 to $610.00, also with a “buy” rating. Robert W. Baird also boosted its price target, increasing it from $519.00 to $626.00.

Currently, the stock boasts a “Moderate Buy” rating from MarketBeat.com, with an average analyst price target of $577.73. Despite the positive sentiment, MarketBeat notes that other stocks are considered better buys by top analysts.

Lockheed Martin’s recent quarterly earnings report showed $6.84 EPS, exceeding expectations, although revenue slightly missed estimates. The company’s market cap stands at $117.79 billion. Several institutional investors recently purchased new positions in Lockheed Martin stock. MarketBeat’s analysis and this news alert were generated using narrative science technology and financial data.

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