Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.
In the last 30 days, Lockheed Martin (NYSE: LMT), in particular, has seen positive stock market action, driven by an impressive earnings report in July, approval of sales of military hardware worth some $20 billion to Israel, continued operations in Ukraine, and the expected retaliation against Israel due to a string of assassinations of high ranking Hezbollah and Iranian commanders, and of the political head of Hamas in Teheran.
Indeed, along with rising 22.65% since 2024 started, the period between July 14 and August 14 has seen LMT shares rocket 19.89% to ensure that Lockheed Martin stock price today, at press time, stands at $556.16 – an all-time high (ATH) for the firm..
LMT stock 30-day price chart. Source: Finbold
Still, such strong rallies are frequently succeeded by significant correction and Finbold, seeking to learn if investors can count on continued upward momentum, decided to consult some of the most advanced artificial intelligence (AI) platforms available about where LMT shares might stand at the end of 2024.
Advanced AI models set LMT stock price target at the end of 2024
OpenAI’s most advanced AI platform, ChatGPT-4o, proved optimistic about Lockheed Martin’s performance in the coming month. The large language model (LLM) estimated that, thanks to expected continued strong demand, the company’s own guidance, and the strong upward momentum, LMT is likely to land near $620 in late December 2024.
ChatGPT-4o sets LMT stock price target for the end of 2024. Source: Finbold and ChatGPT-40
ChatGPT’s more lightweight cousin, ChatGPT-4o mini, proved equally optimistic in its analysis – all the while citing the same factors – but also far more conservative in the price target which it set at $560 – just dollars away from LMT stock’s press time price.
ChatGPT-4o mini sets LMT stock price target for the end of 2024. Source: Finbold and ChatGPT-4o mini
Alphabet’s (NASDAQ: GOOGL) Gemini, on the other hand, focused on Lockheed Martin’s position in the defense industry and the continuously large military budget, as well as on the company’s efforts to boost its margins, as well as on the projected revenue from the F-35 program. The AI, after assessing said factors, concluded LMT shares can hit $625 before the end of 2024.
Gemini sets LMT stock price target for the end of 2024. Source: Finbold and Gemini
Microsoft’s (NASDAQ: MSFT) Copilot likewise focused on Lockheed Martin’s position in the military-industrial complex and its many contracts with U.S. armed forces branches.
Copilot sets LMT stock price target for the end of 2024. Source: Finbold and Copilot
Copilot’s price target, however, proved somewhat more conservative than ChatGPT and Gemini’s, but more optimistic than ChatGPT mini’s, as it was set at exactly $600.
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