L3Harris Technologies (LHX) In Focus As Middle East Crisis P…

L3Harris Technologies, Inc. (NYSE:LHX) is among the 8 Best Drone Stocks to Buy for the Next 3 Years. The company’s shares have surged over 22% year-to-date and are in focus as the Middle East conflict intensifies.

kirill_makarov/Shutterstock.com

While talking to Yahoo Finance on March 13, Hennion & Walsh CIO Kevin Mahn mentioned that L3Harris’ missiles and missile protection were widely being used in the Iran war. He noted that the stock had a dividend yield of about 1.3% and was trading at about 30 times the forward earnings, which suggests it was neither cheap nor too expensive.

Last week, Trump met with leaders of several defense contractors, including L3Harris Technologies, Inc. (NYSE:LHX), to discuss an increase in production of what the U.S. president described as ‘Exquisite Class’ weaponry.

According to a report on CNBC this Friday, Citigroup analyst John Godyn reiterated the firm’s bullish outlook on companies that deal with mission-critical defense systems. He sees a strong long-term investing case for these stocks, which include L3Harris, Karman Holdings, and RTX Corp, even as the frequency of Iranian attacks slows down.

As of the close on March 13, LHX is a Strong Buy with an average share price upside potential of 10.49%.

L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions that connect the air, land, space, sea, and cyber domains for national security.

[im-yf-promo]

While we acknowledge the potential of LHX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

[/im-yf-promo]

While we acknowledge the risk and potential of LHX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LHX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Aerospace Dividend Stocks to Buy

Disclosure: None. Follow Insider Monkey on Google News.

Generated by RSStT. The copyright belongs to the original author.

Source