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L3Harris Technologies, Inc. (LHX) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$348.29

Change

+1.77%

Market Cap

$65.16B

Avg Volume

1.4M

Company Overview

L3Harris Technologies, Inc. provides critical technology solutions primarily for government and commercial sectors. Headquartered in Melbourne, Florida, the company operates in the Aerospace and Defense space, offering products and services across three main segments: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions. Their customers range from the U.S. Department of Defense to international governmental bodies and various commercial enterprises. Key products include satellite systems, tactical radios, advanced missile technologies, and battlefield communications equipment.

L3Harris is a market leader in the defense sector, enjoying a robust position due to its extensive portfolio of advanced technology and strong government contracts. The company’s edge comes from its innovative solutions in communications and missile systems, as well as its ongoing investments in hypersonic technologies. However, it faces threats from competitors like Raytheon Technologies and Northrop Grumman, which also vie for lucrative defense contracts and are rapidly advancing their own technological capabilities.

Currently, L3Harris is in a phase of growth and strategic realignment, post its merger that created the company in 2019. Recent milestones include the expansion of their satellite capabilities and enhanced product offerings in tactical communications systems. The company is focusing on streamlining its operations and exploring new markets, positioning itself well for future contracts amid increased defense spending expected in the coming years.

Key Financials

Market Cap

$65.16B

Revenue

$21.87B

EBITDA

$3.84B

Gross Margin

25.7%

Profit Margin

7.3%

Revenue Growth

2.3%

Total Cash

$1.07B

Total Debt

$10.44B

Free Cash Flow

$3.40B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

40.88

Forward P/E

25.63

Beta

0.64

52-Week High

$369.59

52-Week Low

$193.09

EPS

$8.52

50-Day Avg

$311.31

200-Day Avg

$277.10

Price/Book

3.32

Technical Analysis

The 52-week stock chart for L3Harris Technologies, Inc. (LHX) shows a strong upward trend, with the price increasing from around $200 to the current price of $348.29, reflecting a robust 71.0% change. Key support is established around the $200 level, while resistance appears near the $350 mark, which has proven significant over the past few months. Notable price patterns include a series of higher highs and higher lows, indicating bullish momentum, especially evident in the January to February period where the price surged rapidly. Recent momentum has been slightly volatile, with a peak just above $349 in early February before settling around the current level. The current price is near the high end of the 52-week range, suggesting that it is pushing against resistance territory and may indicate potential further upside if it breaks through this level.

Recent News and Developments

Here’s a summary of the latest news and developments for L3Harris Technologies, Inc

(LHX) stock in the past week:

### 1

L3Harris Technologies Receives “Moderate Buy” Consensus and Provides Strong 2026 Guidance

Market Update

L3Harris Technologies (LHX) has garnered a consensus “Moderate Buy” rating from analysts, with an average 12-month price target of approximately $315.73. The company reported a mixed fourth quarter 2025, beating EPS estimates at $2.86 but falling short on revenue with $5.65 billion, which management attributed to timing issues from a U.S. government shutdown. Looking ahead, L3Harris initiated stro

Market Sentiment and Analyst Recommendations

Bull Case

L3Harris is firing on all cylinders right now. The 7% organic growth guidance for 2026 crushes the recent 2.3% revenue growth trend, signaling real acceleration in core operations. That record backlog is the ammunition magazine here — it de-risks revenue for years and shows customers are committed. The Red Wolf contract win is exactly the type of high-margin precision weapons business that drives earnings leverage in the defense sector. Management is projecting $23-23.5B in 2026 revenue, which beats consensus and validates the growth narrative. The Missile Solutions IPO in H2 2026 could unlock value by letting the market separately value a faster-growing, higher-margin business unit. At a 40.88 P/E against 7% growth, the stock trades at a reasonable multiple for a defense prime with secular tailwinds from geopolitical tension and military modernization spending.

Bear Case

The valuation is not cheap. A 40.88 P/E ratio demands flawless execution on that 7% guidance, and the company already missed revenue in Q4 due to a government shutdown — a reminder that defense contractors live at the mercy of federal budget timing. The debt load is $10.44B against only $1.07B in cash, leaving limited financial flexibility if growth disappoints or interest rates stay elevated. The stock is already up 71% in 52 weeks and is trading near the top of its range at $348, which means much of the upside is priced in. CEO Kubasik’s planned share sales between May and October 2026 suggest insider confidence is not absolute, even if the company frames it as routine. Revenue growth of just 2.3% last year to $21.87B shows the company is not a growth machine yet — it’s still largely dependent on defense budget appropriations that can shift with political winds.

What to Watch

Monitor the Q1 2026 earnings report for actual execution against that 7% organic growth target. Any miss or guidance cut would crater the stock given the elevated P/E and recent momentum. Track the Missile Solutions IPO timeline and valuation in H2 2026 — if that business commands a premium valuation, it validates the separation thesis and could re-rate the parent. Watch for additional large defense contract wins similar to the Red Wolf award, as these are the clearest sign that L3Harris is winning in competitive bids. Pay attention to operating cash flow trends; the company reported a 21% increase, so sustaining that or improving further would support the growth narrative. Monitor debt reduction progress and free cash flow conversion, since the $10.44B debt load limits strategic flexibility. Finally, track analyst price target revisions over the next two quarters — the current $380-385 consensus could move sharply based on execution, and any downgrades would signal cracks in the growth story.

Analyst Consensus

BUY

Based on 19 analyst opinions

Low Target

$283.00

Mean Target

$380.58

High Target

$443.00

Earnings and Financial Data

Sector

Industrials

Industry

Aerospace & Defense

Employees

N/A

Earnings & Dividends

Next Earnings

Apr 30, 2026

EPS (Trailing)

$8.52

Dividend Yield

146.0%

Payout Ratio

56.3%

Frequently Asked Questions

Is LHX a good stock to buy?

Yes, L3Harris Technologies, Inc. is currently rated as a BUY by analysts with a target price of $380.58. The stock’s robust position in the aerospace and defense sector, combined with its growth potential, supports this positive outlook.

What is LHX’s price target?

Analysts have set a price target of $380.58 for L3Harris Technologies. This target indicates an upside potential of about 9.2% from the current price of $348.29.

Does LHX pay a dividend?

Yes, L3Harris has a unique situation with a dividend yield of 146.0%. However, it’s important to verify if this yield reflects a stable payout history as such high yields can often indicate volatility.

What is LHX’s P/E ratio?

L3Harris has a P/E ratio of 40.88 and a forward P/E of 25.63. This suggests that while the stock is currently expensive based on earnings, future earnings growth may justify the valuation.

What is LHX’s 52-week range?

LHX’s stock has traded between $193.09 and $369.59 over the last year. This substantial range reflects both the volatility and growth potential within the aerospace and defense industry.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.