Bernstein Cuts L3Harris Technologies (LHX) Price Target to $318

Bernstein has reiterated its Outperform rating on L3Harris Technologies, lowering the price target to $318, a 29.95% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 2:09 PM EDT

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Bernstein cut its price target on L3Harris Technologies, Inc. ($LHX) to $318 from $346 on October 14, 2026, and rates the stock "Outperform".

Since the rating, $LHX is up 4.6% to date (from the $237.50 close on Oct 14, 2026).

LHX L3Harris Technologies, Inc.

$248.51 -17.37% year to date

Daily close · Oct 16, 2026

Key Points

On October 14, 2026, Bernstein reiterated its Outperform rating on L3Harris Technologies (LHX) with a new price target of $318, down from $346.
Bernstein's $318 price target implies 29.95% upside from L3Harris Technologies, Inc.'s ($LHX) current $244.71 share price.
The stock recently traded around $244.71, which is about 23% below Bernstein's new price target.
L3Harris Technologies is set to report its next earnings on October 29, 2026, following a recent revenue growth of 8.4% year-over-year.

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Bernstein reiterated its Outperform rating on L3Harris Technologies, Inc. (NYSE: LHX) on October 14, 2026, while lowering its price target to $318 from $346. The stock is currently trading around $244.71, which places it about 23% below Bernstein's new target.

Analyst rating track record

Bernstein vs. the S&P 500

YTD return -2.58% hypothetical

All-time return -2.58% S&P 500 +4.58%

vs. S&P 500 -7.16% behind the index

Hypothetical returns from Bernstein's disclosed trades, not real profit or advice. How we model this.

Other Institutional Activity in L3Harris Technologies

Among other institutional investors, Blackrock Inc. holds 19,015,816 shares of L3Harris, valued at approximately $4.73 billion, after adding 1,138,768 shares recently. Vanguard Capital Management LLC owns 12,163,586 shares worth about $3.02 billion, having increased its stake by 27,912 shares. Additionally, Vanguard Portfolio Management LLC has 9,604,027 shares valued at around $2.39 billion after a small increase of 54,433 shares. State Street Corporation holds 9,097,353 shares, worth about $2.26 billion, with a recent increase of 252,950 shares. However, Capital World Investors reduced its holdings by 4,403,587 shares, now owning 6,608,133 shares valued at about $1.64 billion.

L3Harris Technologies, Inc. Stock Down 1.0%

L3Harris Technologies closed without an available price on the event date. However, the stock has recently traded around $244.71, which is significantly below Bernstein's new price target of $318. This suggests a potential upside if the market responds positively to the company's upcoming earnings report.

12-month forecast

$LHX price target

L3Harris Technologies, Inc. daily closes and this analyst's $318 target. Not advice.

Recent Earnings

L3Harris Technologies reported a trailing twelve-month revenue of approximately $22.93 billion and an earnings per share (EPS) of $9.89. The company has a net margin of 8.2% and a return on equity (ROE) of 9.3%. The next earnings report is scheduled for October 29, 2026.

Dividend

L3Harris Technologies pays an annual dividend of $5.00 per share, with a payout ratio of 49.5%.

Insider Buying and Selling at L3Harris Technologies, Inc.

Recent insider transactions include Jon Rambeau, an officer, who sold 5,528 shares on March 2, 2026, valued at approximately $2.05 million, and Samir Mehta, also an officer, who sold the same amount for the same value on the same date. Additionally, Melanie Rakita sold 3,129 shares on March 2, 2026, valued at about $1.09 million, and another 2,180 shares on May 5, 2026, valued at approximately $676,781.

Analysts Set New Price Targets

On October 14, 2026, Bernstein maintained its Outperform rating on L3Harris Technologies with a new price target of $318, down from $346. Earlier, on October 12, Goldman Sachs also maintained a Buy rating, lowering its target to $361. The consensus among analysts indicates a generally positive outlook for L3Harris, despite recent target reductions.

About L3Harris Technologies

L3Harris Technologies, Inc. provides critical solutions for government and commercial clients around the globe. The company operates in three main areas: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions, focusing on integrating advanced technology for defense and civil government projects.

Bottom Line

Investors will be watching for L3Harris's next earnings report on October 29, 2026, to see how the company performs amid changing analyst expectations and market conditions. Bernstein's recent target adjustment signals a cautious yet optimistic view of the company's future prospects.