RTX (NYSE:RTX) Price Target Raised to $230.00 at Wells Fargo & Company

RTX (NYSE:RTX) had its target price hoisted by equities researchers at Wells Fargo & Company from $200.00 to $230.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 10.06% from the stock’s current price.

RTX has been the subject of several other reports. Weiss Ratings lowered RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Morgan Stanley lowered their target price on shares of RTX from $235.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. UBS Group dropped their target price on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a report on Wednesday, April 22nd. Melius Research raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.25.

RTX Stock Up 7.2%

NYSE:RTX opened at $208.97 on Friday. The business’s fifty day moving average price is $186.24 and its 200 day moving average price is $192.04. The firm has a market capitalization of $281.42 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.67 and a beta of 0.30. The company has a current ratio of 1.02, a quick ratio of 0.78 and a debt-to-equity ratio of 0.48. RTX has a 1-year low of $150.61 and a 1-year high of $214.50.

RTX (NYSE:RTX) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23. RTX had a return on equity of 13.50% and a net margin of 8.03%.The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same period last year, the company posted $1.56 EPS. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, sell-side analysts forecast that RTX will post 6.92 earnings per share for the current fiscal year.

Institutional Trading of RTX

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Navalign LLC acquired a new position in shares of RTX during the fourth quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in RTX during the fourth quarter worth about $26,000. Core Wealth Advisors LLC bought a new position in RTX during the fourth quarter valued at about $31,000. 1 North Wealth Services LLC raised its holdings in RTX by 456.7% in the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock valued at $31,000 after acquiring an additional 137 shares in the last quarter. Finally, Evergreen Advisors LLC acquired a new position in RTX in the 1st quarter valued at approximately $31,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX beat Wall Street expectations for Q2, reporting adjusted EPS of $1.89 versus $1.66 expected and revenue of $24.71 billion versus $22.89 billion expected, helping fuel the stock’s move higher.
• Positive Sentiment: The company raised 2026 guidance to $95.0 billion-$96.0 billion in sales and $7.10-$7.25 in adjusted EPS, signaling confidence in continued commercial aftermarket and defense demand. RTX Reports Q2 2026 Results
• Positive Sentiment: Management said backlog reached a record $289 billion, with strong missile orders, aircraft repair demand, and growing international defense spending supporting the longer-term outlook. RTX Again Raises Full-Year Forecast On Robust Demand, Higher Backlog
• Positive Sentiment: Several reports noted that defense peers Lockheed Martin and RTX were lifted by missile-order strength and broader rearmament trends, reinforcing optimism for the sector. Missile Orders Give RTX, Lockheed Stock a Boost
• Neutral Sentiment: Commentary also highlighted that while RTX has strong tailwinds, investors may be expecting a lot already after the sharp post-earnings rally, which could limit further upside if execution slips. RTX: Lots Of Tailwinds, But Little Margin For Error
• Negative Sentiment: Some coverage flagged headwinds tied to the Iran conflict and higher oil prices, which could pressure sentiment even after the strong results. RTX Stock Rises After Strong Earnings but Faces 2 Iran War Headwinds

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.