Goldman Sachs Cuts LHX Price Target to $361

Goldman Sachs has reiterated its Buy rating on L3Harris Technologies, Inc. (NYSE: LHX) and set a new price target of $361, down from the previous target of $405. This announcement was made on October 12, 2026. The stock is currently trading at about $244.71, which is approximately 32.2% below the new target price.

Other Institutional Activity in L3Harris Technologies

Several other institutional investors have also adjusted their positions in L3Harris Technologies. Blackrock Inc. increased its stake by 1,138,768 shares, bringing its total to 19,015,816 shares valued at about $4.73 billion. Vanguard Capital Management LLC added 27,912 shares, resulting in a total of 12,163,586 shares worth about $3.02 billion. Vanguard Portfolio Management LLC slightly raised its holdings by 54,433 shares, ending with 9,604,027 shares valued at approximately $2.39 billion. State Street Corporation also raised its stake by 252,950 shares, totaling 9,097,353 shares worth about $2.26 billion. However, Capital World Investors reduced its holdings by 4,403,587 shares, leaving it with 6,608,133 shares valued at roughly $1.64 billion.

L3Harris Technologies, Inc. Stock Down 1.0%

L3Harris Technologies shares have recently traded around $244.71, which is significantly below the new price target of $361 set by Goldman Sachs. The stock's current price is well below its potential, suggesting that it might be undervalued based on the analyst's outlook.

Recent Earnings

L3Harris Technologies reported trailing twelve-month revenue of approximately $22.9 billion, with a net margin of 8.2% and a return on equity of 9.3%. The company is set to announce its next earnings on October 29, 2026. The revenue growth year-over-year stands at 8.4%, indicating solid performance in its operations.

Insider Buying and Selling at L3Harris Technologies, Inc.

Recent insider trading activity shows that several officers sold shares of L3Harris Technologies. Jon Rambeau and Samir Mehta each sold 5,528 shares at an average price of $370.32 on March 2, 2026, with total values around $2,047,129. Additionally, Melanie Rakita sold 2,180 shares at an average price of $310.45 on May 5, 2026, bringing in about $676,781. These sales occurred before the recent analyst rating changes and do not necessarily indicate a negative outlook.

Analysts Set New Price Targets

On October 12, 2026, Goldman Sachs maintained its Buy rating on L3Harris Technologies with a revised price target of $361, down from $405. This change reflects the firm's updated view on the stock's potential. Other analysts have also weighed in recently; UBS maintained a Neutral rating with a target of $298, while Guggenheim initiated coverage with a Buy rating and a target of $365. Bernstein maintained an Outperform rating but lowered its target from $365 to $346, and TD Cowen kept its Buy rating with a target of $280.

About L3Harris Technologies

L3Harris Technologies, Inc. is a major player in the aerospace and defense industry, providing mission-critical solutions for both government and commercial customers globally. The company operates through three main segments: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions. This diversified approach helps L3Harris address various defense and civil government needs.

Bottom Line

As L3Harris Technologies prepares for its upcoming earnings report on October 29, 2026, investors should monitor any further developments in analyst ratings and institutional activity. Goldman Sachs' recent adjustment to its price target reflects ongoing assessments of the company's growth potential in a competitive market.