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L3Harris Technologies (LHX-N)
NYSE:LHX
206.75
1.68
(0.81%) 1d
Financials
Technical Analysis
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L3Harris Technologies (LHX) is currently facing some challenges, primarily due to the potential government shutdown, which has created a negative sentiment around defense spending. Expert insights suggest that recent plans from former President Trump to enhance government efficiency could further impact military-related contracts, including those of LHX. Nevertheless, analysts remain optimistic about the company's future, especially regarding margin expansion, hinting that it could be a good long-term investment opportunity. With a diversified portfolio in defense technology and aerospace, LHX is seen as a leader within its sector, and analysts have set a price target of $248.82 for the coming year, indicating potential for price appreciation despite recent market weaknesses. Investors are advised to accumulate shares within specific price ranges to maximize potential returns.
The defence department is a natural place to cut back when there's a threat of a shutdown of the federal government. Hence, the current weakness in this stock.
$213.360
Unknown
It is mainly (probably) Trump related. His 'Department Of Government Efficiency' is deisgned to cut costs and unnecessary spending in the government. This includes military spending and the money allocated towards contractors such as LHX. Whether this will actually a meaningful is unclear. We think LHX looks good however, and analysts have been bullish on margin expansion in future years.
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Another Trump-tech trade. Defense technology provider. From tactical radios to applications to hardware. Also involved in space and aerospace, and you'll find that LHX is the leader in ETFs that cover that sector. 12-month price target of $273. Buy a third here around $240, add in the mid-$220s, and again at the $215 level. Reports next week. Yield is 1.9%.
(Analysts’ price target is $248.82)Cheap at 14x PE 2024. A good defence contractor.
Is seeing an amazing decline. LHX makes exactly the high tech that the government wants all its military to adopt. At 15x PE, it's too cheap.
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L3Harris Technologies(LHX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 1
L3Harris Technologies(LHX-N) Frequently Asked Questions
What is L3Harris Technologies stock symbol?
L3Harris Technologies is a American stock, trading under the symbol LHX-N on the New York Stock Exchange (LHX). It is usually referred to as NYSE:LHX or LHX-N
Is L3Harris Technologies a buy or a sell?
In the last year, 1 stock analyst published opinions about LHX-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for L3Harris Technologies.
Is L3Harris Technologies a good investment or a top pick?
L3Harris Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for L3Harris Technologies.
Why is L3Harris Technologies stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is L3Harris Technologies worth watching?
1 stock analyst on Stockchase covered L3Harris Technologies In the last year. It is a trending stock that is worth watching.
What is L3Harris Technologies stock price?
On 2025-02-11, L3Harris Technologies (LHX-N) stock closed at a price of $206.75.
