
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
RTX's recent financial performance demonstrates a robust growth trajectory, with total adjusted and organic sales increasing by 9% to $21.6 billion, exceeding estimates and consensus expectations. The growth in the Pratt & Whitney segment, particularly in commercial aftermarket sales which rose by 19%, significantly contributed to a total OE growth of 7% for the company. This strong performance, driven by increased demand for both the GTF and V2500 engines, highlights RTX's competitive position in the aerospace and defense sectors, supporting a favorable outlook for the company.
Bears say
RTX faces a negative outlook primarily due to a slower-than-expected recovery in the commercial aerospace markets, compounded by delayed defense awards both domestically and internationally. The company is also experiencing financial pressure, highlighted by a loss of approximately $1 million on each new GTF engine delivery as of the fourth quarter of 2023. Additionally, ongoing challenges in the engine casting and forgings market further exacerbate the difficulties faced by RTX in maintaining profitability and growth.
This aggregate rating is based on analysts' research of Raytheon Technologies and is not a guaranteed prediction by Public.com or investment advice.
Raytheon Technologies (RTX) Analyst Forecast & Price Prediction
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