L3Harris Technologies

LHX · NYSE

$248.77+$4.93 (+2.02%)TodayMarket closed · Oct 20, 7:54 PM ET

Prev close $243.84

LHX analyst rating

BuyConsensus of 12 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy8
Hold4
Underperform0
Sell0

12-month price target · 20 analysts

Average $363.88 (+46.3% upside)

Low: $266.64
Now: $248.77
High: $465.15

Upgrades and downgrades

The latest rating actions, newest first

LHX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 15, 2026	Maintains	Sector Perform	$310.00 → $265.00	59%
Bernstein	Oct 14, 2026	Maintains	Outperform	$346.00 → $318.00	39%
Goldman Sachs	Oct 12, 2026	Maintains	Buy	$405.00 → $361.00	56%
TD Cowen	Oct 9, 2026	Maintains	Buy	$370.00 → $280.00	63%
Bernstein	Sep 23, 2026	Maintains	Outperform	$365.00 → $346.00	39%
Guggenheim	Sep 15, 2026	Initiates	Buy	$365.00	71%
Jefferies	Aug 26, 2026	Initiates	Buy → Hold	$315.00	55%
UBS	Aug 3, 2026	Maintains	Neutral	$312.00 → $298.00	67%
Susquehanna	Jul 31, 2026	Maintains	Positive	$410.00 → $350.00	56%
BNP Paribas	Jul 30, 2026	Maintains	Neutral	$330.00 → $310.00	0%

The case for and against

Updated Jan 12, 2026

Bull case

L3Harris Technologies has demonstrated strong financial performance, particularly within its Aerojet segment, which reported organic sales growth of approximately 12% and robust adjusted operating margins of 13.3%. The company has also raised its 2025 revenue guidance by $100 million for both the Integrated Mission Systems (IMS) and Space and Airborne Systems (SAS) sectors, reflecting an overall strengthening of its market position. Additionally, free cash flow guidance for FY25 has been increased by $200 million to $2.65 billion, exceeding consensus expectations by 9%, highlighting the company's solid financial health and operational efficiency.

Bear case

L3Harris Technologies reported a decline in operating margins for its SAS segment, falling by 30 basis points year-over-year to 12.3%, primarily due to adverse product mix and end-of-life asset sales. The company's Integrated Mission Systems performance also experienced a 3% year-over-year decrease, indicating challenges in maintaining growth, although organic growth was noted at 6%. Furthermore, the 2025 outlook raises concerns with budget timing risks and evident softness in the Space segment, compounded by unfavorable Earned Value Management adjustments linked to project underutilization.

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