
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
RTX has demonstrated significant growth within its Pratt & Whitney (P&W) segment, with commercial aftermarket sales increasing by 19% due to higher volumes from the GTF and V2500 engines as well as positive performance at Pratt Canada. Overall, the company achieved a 7% increase in total Original Equipment (OE) growth, with P&W being a major contributor at 15%, reflecting robust demand for large commercial engines. Moreover, total adjusted and organic sales rose by 9% to $21.6 billion, surpassing both internal estimates and consensus expectations, underscoring the company's strong financial performance.
Bears say
The outlook for RTX's stock appears negative primarily due to concerns surrounding a slower-than-expected recovery in the commercial aerospace sector and delays in defense contract awards, impacting revenue growth. Additionally, the company has reported a loss of approximately $1 million on each new GTF engine delivery as of the fourth quarter of 2023, highlighting ongoing challenges in profitability. Furthermore, RTX is experiencing ongoing pressure in the engine casting and forgings market, which could further hinder its financial performance.
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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