JPMorgan and Citigroup raised price targets on L3Harris Technologies, Inc. (LHX) to $395 and $418, respectively, citing a transformation within the company. Morgan Stanley also raised its price target to $390 after a Q4 earnings beat. LHX is rated a Strong Buy with an average upside potential of 11.24%.

L3Harris Technologies, Inc. (NYSE:LHX) reported a non-GAAP diluted EPS of $2.86 for Q4, up 10% from the previous year, beating Wall Street expectations by 10 cents. The company has a record backlog of $38 billion heading into 2026, with revenue expectations in line with analysts’ estimates.

Despite a positive outlook, LHX faces potential revenue squeeze in 2026 due to divesting a 60% stake in its space propulsion and power systems business. The company provides technology solutions for national security across various domains.

While LHX shows promise as an investment, some AI stocks may offer greater upside potential with less downside risk. For more information on a potentially undervalued AI stock, see our free report. No disclosures related to L3Harris Technologies, Inc. were made.

Read more at Yahoo Finance: JPMorgan and Citigroup Lift Price Targets on L3Harris Technologies, Inc. (LHX)