Wall Street equity research analyst consensus ratings for Lockheed Martin (NYSE: LMT) lean toward a Moderate Buy to Hold, with 12-month average price targets hovering around $647.29. Analysts highlight its dominant market position as a premier global defense contractor, robust free cash flow, and steady government backlog contracts, though programmatic risks and defense budget caps remain key variables. What is your specific investment time horizon, risk profile, and portfolio allocation strategy? Consulting a licensed financial advisor is recommended before trading.