
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
RTX has demonstrated strong performance in its Pratt & Whitney segment, with commercial aftermarket sales increasing by 19% due to higher volumes of the GTF and V2500 engines and improved performance at Pratt Canada. The company's overall original equipment growth rose by 7%, fueled primarily by Pratt & Whitney, which saw a 15% increase related to a favorable split in large commercial engines and higher volumes from Pratt Canada. Furthermore, RTX reported total adjusted and organic sales of $21.6 billion, marking a 9% increase that exceeded internal estimates and surpassed consensus expectations by approximately 5%.
Bears say
RTX faces a negative outlook primarily due to concerns regarding a slower-than-expected recovery in the commercial aerospace markets, which negatively impacts revenue from engine deliveries. The company's financials indicate ongoing losses, with approximately $1 million lost on each new GTF engine delivered, further stressing its profitability. Additionally, pressures in the engine casting and forgings market may exacerbate these challenges, contributing to uncertainty in both commercial and defense sectors.
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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