Are Wall Street Analysts Predicting L3Harris Technologies Stock Will Climb or Sink?

Melbourne, Florida-based L3Harris Technologies, Inc. (LHX) is a global defense technology company. It develops mission-critical systems, communications, sensors, electronic warfare, space, and surveillance technologies for government and defense customers, supporting national security, civil services, transportation safety, and other complex missions worldwide. The company has a market capitalization of approximately $49.7 billion.

Despite the rising geopolitical conflicts, shares of this defense technology giant have significantly underperformed the broader market over the past year. LHX has plunged 3.4% over this period, while the broader S&P 500 Index ($SPX) has rallied 20.5%. LHX has also declined 9.1% so far this year, well behind the S&P 500’s 12.1% year-to-date gain.