L3Harris Technologies, Inc. (LHX) is a global aerospace and defense contractor, not an exchange-traded fund. Its analyst coverage has been unusually active after a leadership disruption in mid-2026, so the most recent targets are the most relevant.
Eight current, attributable price targets form the basis of this analysis. Goldman Sachs reiterated Buy and cut its target to $361 (October 12, 2026); Susquehanna maintained Buy at $350 (October 7); Bank of America Securities initiated Buy at $325 (September 29); Bernstein maintained Buy and trimmed to $318 (October 14); TD Cowen maintained Buy but lowered its target to $280 (October 9); RBC Capital cut to $265 while holding a Hold rating (October 15); UBS lowered to $264 (September 29); and BNP Paribas moved to $260 while keeping a Neutral stance (October 6).
The arithmetic mean of these eight targets is about $303, rounded to a clean $300 central target. The spread is wide—from $260 to $361—and no single estimate should be treated as more likely than another. Bullish analysts emphasize backlog and defense demand; cautious firms cite governance, supply-chain, and execution concerns.
Shares traded near $253.97 in late October 2026, well below a 52-week high of $379.23 reached earlier in the cycle. Reaching $300 from roughly $254 implies a gain of approximately 18%, a substantial move rather than a marginal one.
The stock de-rated sharply after the August 2026 resignation of Chairman and CEO Christopher Kubasik over conduct described as inconsistent with the company's Code of Conduct, with Sam Mehta named CEO. Despite the reset, the business has continued to log large awards, including multi-billion-dollar propulsion contracts for the THAAD and PAC-3 MSE missile programs, and it is advancing a planned separation and potential initial public offering of its Missile Solutions segment backed by a $1 billion Department of War investment.
The company's positioning across radios, rocket motors, space propulsion, and missile defense aligns with rising global defense budgets and weapons replenishment. Large undefinitized awards from Lockheed Martin—including more than $6 billion over seven years for THAAD propulsion and roughly $4.7 billion for PAC-3 MSE propulsion—point to a strengthening backlog. A successful Missile Solutions IPO in the second half of 2026 could crystallize value and support a higher valuation multiple. Consensus revenue is expected to grow toward roughly $23.6 billion in fiscal 2026, with EPS (earnings per share) projected to rise from about $10.73 to roughly $12.09.
The abrupt CEO change and a related investigation by a law firm into potential securities-law issues remain the clearest overhangs on investor confidence. Several firms—including Jefferies, Deutsche Bank, UBS, Melius Research, and Argus—have shifted to Hold or Neutral ratings, citing leadership turnover, radios supply-chain caution, and uncertainty around the Missile Solutions IPO. A P/E (price-to-earnings) ratio still in the mid-20s on trailing earnings leaves the shares exposed to valuation compression if execution slips or defense sentiment cools. Any delay in the separation or weaker-than-expected margins could keep the stock below $300.
The stock's 52-week range spans roughly $232.34 to $379.23. The $250 area has acted as a psychological and technical anchor, with the recent low near $232–$237 providing a durable support zone. On the upside, the $280 level—a cluster of recent cautious targets—and the $318–$325 zone represent intermediate resistance before the $300 objective and the round-number $350–$361 band. The long-term structure remains below the prior high, indicating the stock must first repair the damage from the August sell-off before a sustained recovery toward $300 is visible.
Analyst price targets generally reflect a roughly 12-month research horizon, though individual firms vary. Near-term catalysts include the company's next earnings release scheduled around October 29, 2026, updated 2026 guidance, and any detail on the Missile Solutions separation and IPO timing. Investors should also track analyst revisions, defense-budget and geopolitical headlines, the status of the securities-law investigation, and supply-chain commentary on the radios segment, all of which could shift the path toward or away from the $300 level.
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The question of whether L3Harris Technologies (LHX) can reach $300 is best understood as a contest between a resilient defense backlog and a credibility-driven valuation reset. The $300 central target, an average of eight recent analyst price targets, sits about 18% above the current price—a substantial but not unprecedented recovery for a stock that traded near $379 earlier in the cycle. Strong contract flow, missile-defense demand, and a potential value-unlocking IPO support the upside case, while the CEO resignation, ongoing investigation, supply-chain caution, and still-elevated multiples present genuine obstacles. Analyst estimates themselves diverge from $260 to $361, underscoring that the outcome is far from settled. Investors should watch earnings, the Missile Solutions separation, and governance developments closely rather than treat $300 as a foregone conclusion.
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A.I.dvisor indicates that over the last year, LHX has been loosely correlated with NOC. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if LHX jumps, then NOC could also see price increases.