Are Wall Street Analysts Bullish on Leidos Holdings Stock?

Leidos Holdings, Inc. (LDOS), headquartered in Reston, Virginia, provides a range of services and solutions across defense, intelligence, civil, and health sectors. It offers national security systems, technology, analytics for various U.S. and international clients, civil systems integration and IT solutions, health services, and information management and research. LDOS is valued at $20.01 billion by market cap. 

LDOS' shares have significantly outperformed the broader market over the past 52 weeks. LDOS has gained 52.9% over this time frame, while the broader S&P 500 Index ($SPX) rallied 26.1%. In 2024 alone, the stock has gained 36.8% compared to SPX’s 16.5% returns on a YTD basis. 

Zooming in further, the stock has also outperformed the Global X Defense Tech ETF (SHLD) this year, with SHLD gaining 31.9%. 

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After its Q2 results on Jul. 30, Leidos’ stock was down by 4.6%. The company’s adjusted profit of $2.63 per share for the quarter was higher than the Wall Street expectations of $2.26 per share. Revenue of $4.13 billion also beat the consensus estimate of $4.04 billion. The company expects full-year earnings in the range of $8.60 to $9 per share. 

For the current fiscal year, ending in December, analysts expect LDOS’ EPS to increase 22.9% to $8.97. The company’s earnings surprise history is impressive. It surpassed the consensus estimate in each of the last four quarters.

Among the 14 analysts covering LDOS stock, the consensus rating is a “Strong Buy,” with 12 “Strong Buys” and two “Holds.” 

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On Aug. 15, Argus Research analyst John Eade maintained a “Buy” rating on Leidos Holdings. 

The mean price target of $168.92 represents a 14.1% premium to LDOS’ current price levels. The Street-high price target of $190 suggests an upside potential of 28.4%.

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On the date of publication, Rashmi Kumari did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.