L3Harris Technologies, Inc. (NYSE:LHX) is among the 10 best American defense stocks to buy according to Wall Street analysts.
On February 5, JPMorgan raised its price target on the stock to $395 from $340 while reiterating an Overweight rating. The firm noted that the company was in the midst of a transformation. On the same day, Citigroup also raised its price target to $418 from $389 and kept a Buy rating.
These updates come after Morgan Stanley’s adjustment on LHX earlier in the week on February 2, following the company’s earnings beat in Q4. The firm noted an attractive risk-to-reward scenario for the stock and raised its price target to $390 from $367, maintaining an Overweight rating.
As of the close of business on February 5, L3Harris Technologies, Inc. (NYSE:LHX) is a Strong Buy with an average share price upside potential of 11.24%.
While the defense contractor missed revenue estimates for the fourth quarter due to a prolonged government shutdown, its non-GAAP diluted EPS stood at $2.86, up 10% from a year ago and beating Wall Street’s expectations by 10 cents.
L3Harris Technologies, Inc. (NYSE:LHX) is heading into 2026 with a record backlog of over $38 billion and a book-to-bill of 1.3. The company anticipates revenue between 23 billion and $23.5 billion, which is largely in line with analysts’ expectations.
However, the outlook for 2026 includes figures for its space propulsion and power systems business, in which it divested a 60% stake earlier this year. The deal could squeeze the company’s revenue after it closes in the second half of 2026.
L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.
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