Are Wall Street Analysts Bullish on Lockheed Martin Stock?

Lockheed Martin Corporation (LMT), headquartered in Bethesda, Maryland, is a security and aerospace firm specializing in the research, design, development, manufacturing, integration, and sustainment of technology systems, products, and services. Valued at a market capitalization of $128.5 billion, the company operates across various sectors, including space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration.

Shares of this aerospace and defense giant have underperformed the broader market considerably over the past year. LMT has gained 20.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 31%. In 2024, LMT stock is up 19.6%, surpassing SPX’s 25.2% rise on a YTD basis.