#4 - RTX (NYSE:RTX)
RTX (NYSE: RTX), formerly known as Raytheon Technologies Corporation, is a leading aerospace and defense company. RTX stock is up 22% in 2024. Most of that boost is ascribed to geopolitical tensions, which create demand for the company’s products and systems. In the company’s earnings presentation, it notes that spending on defense products is up 7% in 2024.
However, the company is also an important name to watch in the areas of robotics and AI. In April 2023, RTX launched RAIVEN, its revolutionary electro-optical intelligent-sensing capability. The technology is designed to “enable pilots to have faster and more precise threat identification.”
The RTX analyst forecast on MarketBeat shows about half a dozen companies boosting their price targets on RTX stock. The most notable of these was Wells Fargo & Co., which boosted its price target from $119 to $141 while maintaining its Overweight rating on the stock.
About RTX
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
Read More - Current Price
- $120.77
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $177.27 (46.8% Upside)
