Are Wall Street Analysts Predicting L3Harris Technologies Stock Will Climb or Sink?

Wall Street analysts are divided on whether L3Harris Technologies stock will rise or fall. The company's market capitalization stands at approximately $49.7 billion. Over the past year, shares of L3Harris Technologies have lagged behind the broader S&P 500 Index, falling 3.4%, while the S&P 500 has risen 20.5%. This year, LHX has declined 9.1%, against the S&P 500's 12.1% gain.

Despite this underperformance, L3Harris Technologies reported solid Q2 FY2026 earnings on July 29. Revenue increased by 8.4% to $5.88 billion, driven by growth across all segments and strong execution against a record backlog. The company's EPS rose 28.3% to $3.13, and free cash flow surged 37.4% to $771 million. Orders totaled $7.3 billion, maintaining a 1.2x book-to-bill ratio and pushing the total backlog to a record $42 billion.

Analysts project LHX's diluted EPS to grow 10.7% to $11.88 for the current fiscal year. The mean price target of $366.78 implies a 37.5% upside from the current share price, while the Street-high target of $443 suggests a 66.1% upside. The consensus rating among the 19 analysts covering LHX stock is Moderate Buy, based on 13 Strong Buy ratings and six Hold ratings.

Deutsche Bank analyst Scott Deuschle recently lowered L3Harris Technologies' price target to $268 from $285, maintaining a Hold rating after an update to the firm's model after the Q2 report and CEO change. The company's configuration is more bearish than it was a month ago, when it had 14 Strong Buy recommendations.