Why did Lockheed Martin stock move lower today?

Goldman Sachs reiterated a Sell with a US$430 target, implying roughly 16% downside from today’s price. That cautious view overshadowed optimism from the seven-year PAC-3 MSE production ramp. The stock also looked overbought on technicals, which can trigger profit-taking after strong runs.

Is Lockheed Martin stock a buy right now for Canadians?

It depends on risk and time horizon. Valuation is rich at 27.8x earnings and technicals look stretched. If you want exposure, consider scaling in on weakness or waiting for the January 29 results. Hold in an RRSP for dividend efficiency and plan for USD/CAD currency effects.

What does the PAC-3 MSE Patriot contract change?

It adds multi-year revenue visibility for the Missiles and Fire Control segment and supports backlog growth. However, fixed-price and cost dynamics can cap margins, so the key is whether scale improves profitability. Watch management’s 2026 margin and free cash flow guidance to gauge the true earnings impact.

What technical levels matter most now?

Resistance is near the 52-week high at US$538.73. Initial support is today’s low around US$503, followed by the 50-day moving average at US$472.73 and the 200-day at US$466.55. Overbought readings suggest waiting for a pullback toward moving averages before adding shares.

How should Canadian investors manage currency and taxes with LMT?

The shares trade in U.S. dollars. RRSPs generally avoid the 15% U.S. dividend withholding tax, while TFSAs and taxable accounts do not. Use limit orders in USD and consider whether unhedged exposure fits your goals, since USD/CAD moves will influence total returns.

Global Market Insights

LMT Stock Today: January 7 — Goldman Reiterates Sell at $430 Target

ByDanny Kontos January 8, 2026January 8, 2026

Lockheed Martin stock slipped 2.0% to US$511.57 today after Goldman Sachs reiterated a Sell with a US$430 target. The call arrives days after a seven-year PAC-3 MSE Patriot missile production pact, giving revenue visibility but raising margin questions. For Canadians, the stock trades in U.S. dollars, so FX will affect returns. Volume topped 1.98 million shares versus a 1.37 million average. We review valuation, technicals, and what matters before the January 29 earnings date for LMT.