RTX

RTX · NYSE

$193.34+$1.23 (+0.64%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $192.11

RTX analyst rating

BuyConsensus of 13 analysts over the last 12 months. 69% rate it a buy.

Strong buy0
Buy9
Hold4
Underperform0
Sell0

12-month price target · 26 analysts

Average $228.78 (+18.3% upside)

Low: $116.15
Now: $193.34
High: $278.25

Upgrades and downgrades

The latest rating actions, newest first

RTX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 15, 2026	Maintains	Outperform	$250.00 → $235.00	59%
Bernstein	Oct 15, 2026	Maintains	Market Perform	$223.00 → $214.00	39%
TD Cowen	Oct 9, 2026	Maintains	Buy	$240.00 → $225.00	63%
Barclays	Oct 9, 2026	Initiates	Overweight	$223.00	26%
Bernstein	Sep 23, 2026	Maintains	Market Perform	$232.00 → $223.00	39%
Bernstein	Aug 3, 2026	Maintains	Market Perform	$213.00 → $232.00	39%
TD Cowen	Jul 27, 2026	Maintains	Buy	$225.00 → $240.00	63%
UBS	Jul 24, 2026	Maintains	Neutral	$198.00 → $215.00	49%
RBC Capital	Jul 24, 2026	Maintains	Outperform	$230.00 → $250.00	59%
Susquehanna	Jul 24, 2026	Maintains	Positive	$235.00 → $245.00	56%

The case for and against

Updated Oct 7, 2026

Bull case

RTX is benefiting from a balanced aerospace-and-defense portfolio that is firing across all three segments, with 2Q26 sales up 14% organically by 16% and EPS beating by 14%, while backlog reached $289B, up 22% YoY. Raytheon’s 18% organic growth, roughly $20B of awards, and 48% international backlog show strong defense demand, while Collins and Pratt & Whitney continue to add commercial aerospace upside despite GTF execution risk. Management’s raised 2026 sales, EPS, and FCF guidance, combined with disciplined capital allocation, debt reduction, and continued supply-chain investment, supports a durable growth and cash-generation thesis.

Bear case

RTX is facing a weak fundamental setup because a slower-than-expected recovery in commercial aerospace and delayed defense awards could keep revenue growth muted while free cash flow remains nearer the implied ~$10.2B downside case. The company also continues to grapple with supply chain bottlenecks in rocket motors, microelectronics, engine castings, and forgings, and those pressures have already weighed on 2025 results and could persist through 2026, though to a lesser degree. On top of that, lower-than-expected synergies, incremental tariff headwinds, and GTF engine issues at Pratt & Whitney threaten margins, limiting operating leverage across its three core segments.

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