
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
RTX has demonstrated robust performance with total adjusted and organic sales increasing by 9% to $21.6 billion, surpassing estimates and consensus expectations. The company’s growth is particularly driven by Pratt & Whitney's commercial aftermarket sales, which surged 19% due to higher volumes from the GTF and V2500 engines, alongside favorable operations in Pratt Canada. Additionally, overall original equipment growth rose by 7%, with Pratt & Whitney significantly contributing to this performance through a 15% increase driven by large commercial engine sales.
Bears say
The financial outlook for RTX appears negative primarily due to the anticipated slower recovery in the commercial aerospace markets, which is exacerbated by delays in defense contract awards both domestically and internationally. Additionally, as reported for 4Q23, RTX has been incurring significant losses of approximately $1 million on each new GTF engine delivered, highlighting ongoing operational challenges within its Pratt & Whitney segment. Furthermore, pressure in the engine casting and forgings market suggests potential supply chain issues that could adversely impact production efficiency and overall profitability.
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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