RTX (RTX) Stock Forecast & Price Target

$125.75

-0.47 (-0.37%)

(As of 10/17/2024 ET)

RTX - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 16 Analyst Ratings

Sell
1

Hold
10

Buy
5

Based on 16 Wall Street analysts who have issued ratings for RTX in the last 12 months, the stock has a consensus rating of "Hold." Out of the 16 analysts, 1 has given a sell rating, 10 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for RTX.

Consensus Price Target

$162.50
29.22% Upside

According to the 16 analysts' twelve-month price targets for RTX, the average price target is $162.50. The highest price target for RTX is $493.00, while the lowest price target for RTX is $68.00. The average price target represents a forecasted upside of 29.22% from the current price of $125.75.

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RTX Analyst Ratings Over Time

Type	Current Forecast 10/19/23 to 10/18/24	1 Month Ago 9/19/23 to 9/18/24	3 Months Ago 7/21/23 to 7/20/24	1 Year Ago 10/19/22 to 10/19/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)	13 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$162.50	$157.31	$98.33	$90.74
Forecasted Upside	29.22% Upside	33.28% Upside	-4.35% Downside	22.80% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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RTX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RTX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

RTX Stock vs. The Competition

Type	RTX	Aerospace Companies	S&P 500
Consensus Rating Score	2.31	2.64	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	29.22% Upside	39.49% Upside	6.38% Upside
News Sentiment Rating	Neutral News See Recent RTX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/10/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$122.00 ➝ $132.00	+7.71%
10/8/2024	TD Cowen 4 of 5 stars	G. Khanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
10/3/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Upgrade	Sell ➝ Hold	$109.00 ➝ $129.00	+4.00%
7/31/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$110.00 ➝ $140.00	+19.78%
7/30/2024	Alembic Global Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$134.00	+17.09%
7/29/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$94.00 ➝ $104.00	-8.74%
Get the Latest News and Ratings for RTX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for RTX and its competitors with MarketBeat's FREE daily newsletter.
7/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$110.00 ➝ $130.00	+14.09%
7/26/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$102.00 ➝ $115.00	+0.95%
7/26/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Positive ➝ Positive	$119.00 ➝ $140.00	+23.41%
7/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$105.00 ➝ $115.00	+1.38%
7/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Akers Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$491.00 ➝ $467.00	+345.48%
7/24/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$490.00 ➝ $493.00	+369.21%
4/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$90.00 ➝ $100.00	-2.48%
4/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$103.00 ➝ $105.00	+4.79%
11/15/2023	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
10/27/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell	$79.00 ➝ $68.00	-13.67%
10/25/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$83.00 ➝ $86.00	+9.72%
7/31/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$115.00 ➝ $110.00	+5.68%
4/12/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$117.00	+17.33%
1/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$103.00 ➝ $106.00	+5.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:06 AM ET.

Should I Buy RTX Stock? RTX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 14, 2024. Please send any questions or comments about these RTX pros and cons to contact@marketbeat.com.

RTX
Bull Case

Here are some ways that investors could benefit from investing in RTX Co.:

RTX Co. has received positive price target revisions from multiple analysts, indicating potential for stock price appreciation.
Strong institutional investor ownership, with hedge funds holding a significant portion of the company's stock, can provide stability and confidence in the investment.
Recent insider selling activity could be seen as profit-taking, potentially signaling that insiders believe the stock has reached a high valuation.
RTX Co. operates in the aerospace and defense sector, which can be resilient during economic downturns due to government contracts and defense spending.
Analysts have given RTX Co. a consensus rating of "Hold" with an average price target above the current stock price, suggesting room for growth.

RTX
Bear Case

Investors should be bearish about investing in RTX Co. for these reasons:

Recent insider selling of company stock by insiders may raise concerns about their confidence in the company's future performance.
While analysts have provided positive price targets, there is a risk of overvaluation if the stock price has already factored in all positive expectations.
High institutional ownership can sometimes lead to herd behavior in trading, potentially amplifying market volatility for RTX Co.'s stock.
The aerospace and defense industry can be subject to geopolitical risks and government budget cuts, impacting RTX Co.'s revenue and profitability.
With a consensus rating of "Hold" and mixed analyst opinions, there may be uncertainty surrounding the company's future growth prospects.

RTX Forecast - Frequently Asked Questions

: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for RTX is $162.50, with a high forecast of $493.00 and a low forecast of $68.00.
: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RTX in the last twelve months. There is currently 1 sell rating, 10 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" RTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RTX, but not buy additional shares or sell existing shares.
: According to analysts, RTX's stock has a predicted upside of 29.22% based on their 12-month stock forecasts.
: Over the previous 90 days, RTX's stock had 4 upgrades by analysts.
: RTX has been rated by research analysts at Alembic Global Advisors, Bank of America, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Melius Research, Robert W. Baird, Royal Bank of Canada, Susquehanna, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like RTX less than other "aerospace" companies. The consensus rating for RTX is Hold while the average consensus rating for "aerospace" companies is Moderate Buy. Learn more on how RTX compares to other companies.

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This page (NYSE:RTX) was last updated on 10/18/2024 by MarketBeat.com Staff

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