Citigroup Holds Lockheed Martin Price Target at $673 After Q4 Beat
Citigroup analyst John Godyn retained a Neutral rating on Lockheed Martin and kept the price target at $673 after raising it from $572 on February 5. The reaffirmation follows Lockheed’s Q4 revenue of $20.3 billion (up 9%), $5.80 EPS and a deal to boost THAAD interceptor output to 400 units annually.
1. Analyst Rating Maintained
Citigroup analyst John Godyn maintained a Neutral rating on Lockheed Martin on February 18, retaining a price target of $673 after raising it from $572 on February 5. This marks the third consecutive target increase following the company’s profit-sharing deal with the U.S. government.
2. Q4 Financial Performance
Lockheed Martin reported Q4 revenue of $20.3 billion, up 9% year over year, and diluted EPS of $5.80, more than doubling last year’s $2.22. Management forecasted 2026 revenue and profit above consensus, reinforcing confidence in its defense segment outlook.
3. Expanded Production Agreements
Lockheed expanded its THAAD interceptor production agreement to 400 units per year from 96 and secured a seven-year DoD contract to triple PAC-3 missile output. These deals underpin the analyst’s positive view on sustained cash flows and potential profit-sharing upside.