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Stocks•1 July 2026•

1 min read

Citigroup Cuts Leidos Price Target to $138

Key Facts

1Citigroup cut its price target for Leidos from $178 to $138 while maintaining a 'buy' rating.

2Leidos reported better-than-expected quarterly earnings of $3.13 per share on $4.40 billion in revenue.

In a sign of growing caution in the defense and technology sector, Citigroup cut its price target for Leidos (LDOS) to $138 from $178, while maintaining a 'buy' rating. The revision came despite the company reporting better-than-expected quarterly earnings of $3.13 per share on revenue of $4.40 billion.

The stock currently trades at $102.97 as of the June 30 close, implying a roughly 34% upside to the new price target. The earnings beat offered some support, but the target cut reflects a more conservative stance from Citigroup amid broader market headwinds.

Investors will watch for any updates from management on future guidance, with the maintained buy rating providing a positive anchor. No near-term catalysts are on Leidos's calendar, making the next quarterly report a key event to gauge the stock's trajectory.