JP Morgan has downgraded Lockheed Martin Corp (LMT) to Neutral from Overweight, effective December 18, 2025. This change indicates a shift in sentiment towards the aerospace and defense giant, which has a market capitalization of $108.9 billion.
The move underscores increased caution regarding Lockheed Martin's outlook, potentially reflecting concerns about competitive pressures, market conditions, or execution risks that could impact performance. Currently, Lockheed Martin's shares are priced at $482.22.
The company, headquartered in Bethesda, Maryland, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. With a P/E ratio of 25.92 and an EPS of 17.91, Lockheed Martin operates across various segments, including Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.
Upcoming earnings reports are scheduled for July 20, 2026, and April 20, 2026, with estimated EPS of $7.20 and $7.06, respectively. In its recent earnings performance, Lockheed Martin reported an EPS of $6.95 for Q3 2025, surpassing estimates by 8.2%.
Analyst ratings serve as a professional opinion based on extensive research and financial modeling. As of December 1, 2025, the consensus rating for Lockheed Martin stands at Buy, with 5 Strong Buy, 9 Buy, 12 Hold, 1 Sell, and 0 Strong Sell ratings. However, it is essential for investors to consider multiple factors, including company fundamentals and industry trends, when making decisions. Analyst views should be one of many inputs rather than the sole basis for investment choices.