Seaport Global Remains Bullish on Lockheed Martin Corporation (LMT)

Lockheed Martin Corporation (NYSE:LMT) is one of the best low volatility large cap stocks to invest in. On November 23, Seaport Global analyst Richard Safran maintained a Buy rating on Lockheed Martin Corporation (NYSE:LMT) and set a $544 price target.

Separately, Lockheed Martin Corporation (NYSE:LMT) announced on November 19 that with industry partners and the US Air Force, it controlled an uncrewed aerial system from the cockpit of a 5th Gen fighter while in flight. An F-22 Raptor pilot managed to successfully employ an open interface in the cockpit during the flight out of Nellis Air Force Base, Nevada, to send control directions to another airborne UAS.

Management stated that the effort shows Skunk Works driving a “breakthrough in air combat capability, where single-seat aircraft command and control drones with simple and intuitive interfaces in the cockpit”. The F-22 pilot used a pilot vehicle interface to command the drone for the execution of a specific mission profile, with the PVI representing “a flexible system to provide integration-ready capabilities for both current and future platforms”.

Lockheed Martin Corporation (NYSE:LMT) is a global security and aerospace company that designs, develops, researches, manufactures, and integrates technology systems, services, and products. The company operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.

While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.