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To be a shareholder in L3Harris Technologies, you need confidence in the ongoing demand for advanced defense technologies and missile systems, supported by significant U.S. and international defense investments. The recent expansion in rocket motor manufacturing could help address evolving missile defense needs and support revenue from large programs, though risks like U.S. government budget constraints in the space sector remain significant catalysts and hurdles for the stock in the near term.
The groundbreaking of the Arkansas Advanced Propulsion Facilities is especially relevant as it uniquely aligns with the company’s focus on scalable missile manufacturing, providing flexibility to meet changing client demand. This expansion complements L3Harris’s other growth areas, such as new spacecraft manufacturing capabilities, positioning the company to respond quickly to shifts in customer and market priorities.
However, investors should be aware that while demand may be rising, budget constraints within the U.S. government could...
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L3Harris Technologies' outlook anticipates $24.9 billion in revenue and $2.7 billion in earnings by 2028. Achieving this would require a 5.2% annual revenue growth rate and an earnings increase of $1.0 billion from the current $1.7 billion.
Uncover how L3Harris Technologies' forecasts yield a $334.16 fair value, a 21% upside to its current price.
Two estimates from the Simply Wall St Community place L3Harris’s fair value between US$334 and US$383 per share. As investors weigh these differences, the risk of tighter U.S. defense budgets could influence the outlook in ways not yet reflected here.
Explore 2 other fair value estimates on L3Harris Technologies - why the stock might be worth just $334.16!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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