Lockheed Martin stock trades at EUR 451.80 after UBS target lift
Published on 09/30/2026 at 10:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Lockheed Martin stock was trading at EUR 451.80 at Lang & Schwarz on September 30, 2026 at 10:02 a.m. CEST, down 0.30 percent from the EUR 453.15 prior close. The central investor debate is whether the defense contractor can turn missile demand and a record backlog into sustained earnings growth.
UBS sees missile earnings
On September 8, UBS upgraded Lockheed Martin from Neutral to Buy and lifted its price target from USD 581.00 to USD 674.00, according to CNBC. The bank's thesis centers on a 9.00 percent annual revenue growth rate through 2028, led by missiles, munitions and F-35 sustainment.
At the Lang & Schwarz price, the UBS target is 49.23 percent above the euro reference price only as a cross-currency comparison is not valid, so the target remains a separate USD valuation point. The more useful signal is the gap between the company's operating delivery and the production capacity required to meet demand.
Quarterly numbers support thesis
Lockheed Martin reported USD 20.06 billion in second-quarter 2026 revenue, up 10.50 percent year over year, and adjusted earnings of USD 7.94 per share versus a USD 7.22 consensus estimate, according to MarketBeat. The revenue beat and the 10.50 percent growth rate give the missile-led expansion a recent operating reference.
Fiscal 2026 adjusted EPS guidance stands at USD 29.95-30.65, while the cited analyst consensus is USD 30.44, according to MarketBeat. That narrow range makes execution and margin recovery more important than a single contract headline.
Backlog meets execution risk
Lockheed Martin's backlog reached a record USD 230.0 billion at the end of the second quarter, up 38.30 percent year over year, with USD 65.0 billion in quarterly orders, MarketBeat reported. The Pentagon also awarded an USD 871.0 million modification to an F-35 support contract, adding near-term program work while the broader backlog represents longer-term demand.
Stock remains below yearly high
Lockheed Martin stock was trading at EUR 451.80 at Lang & Schwarz on September 30, 2026 at 10:02 a.m. CEST, versus the EUR 453.15 prior close. The company had a USD 118.2 billion market capitalization and a USD 437.25 to USD 692.00 52-week range as of September 29, 2026, placing the reference price in a market context shaped by both strong order visibility and production execution.
Lockheed Martin stock facts
- Company: Lockheed Martin Corporation
- ISIN: US5398301094
- Ticker: LMT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of September 30, 2026, 10:02 a.m. CEST): EUR 451.80
- Change versus prior close: minus 0.30 percent
- Prior close Lang & Schwarz (September 29, 2026): EUR 453.15
- Market capitalization: USD 118.2 billion (as of September 29, 2026)
- 52-week range: USD 437.25-692.00 (as of September 29, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
