
L3Harris (LHX) Stock Forecast & Price Target
L3Harris (LHX) Analyst Ratings
Bulls say
L3Harris Technologies reported a robust backlog of $34.2 billion, reflecting a sequential increase of 1.2% and a year-over-year growth of 3.6%, indicating a solid business-to-business demand environment. The company's quarterly revenue of $5.52 billion demonstrated a 3% year-over-year growth while aligning with expectations, supported by a 5% uptick in both Communications Systems (CS) and Aerojet Rocketdyne revenues. Additionally, L3Harris is targeting $1.2 billion in cost savings by 2026, following successful cost realizations of $800 million in 2024, further enhancing its operational efficiency and profit margins.
Bears say
The analysis indicates a negative outlook for L3Harris Technologies due to anticipated revenue challenges, with projections suggesting approximately $600 million in revenue for 2026, which may pose a significant headwind. Furthermore, the company's recent performance reflects a 4% decline in SAS revenues, attributed to a notable antenna divestiture and reduced demand related to the F-35 program. Additionally, concerns regarding timing risks in the 2025 budget and softness within the Space segment contribute to an expectation of downward revisions in earnings per share, impacting overall financial stability.
This aggregate rating is based on analysts' research of L3Harris and is not a guaranteed prediction by Public.com or investment advice.
L3Harris (LHX) Analyst Forecast & Price Prediction
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