RTX (NYSE:RTX) Given New $214.00 Price Target at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein lowered RTX’s price target to $214 from $223 while maintaining a “market perform” rating, implying approximately 14.8% upside. Analysts overall remain moderately bullish, with a consensus target of $227.38.
• RTX reported stronger-than-expected quarterly results, including $1.89 in EPS versus the $1.66 consensus and revenue of $24.71 billion, up 14.5% year over year. The company guided to fiscal 2026 EPS of $7.10–$7.25.
• Raytheon won major defense awards, including an $8 billion Air Force contract and $729 million in counter-drone contracts, strengthening RTX’s backlog and revenue visibility ahead of its October 20 earnings release.

RTX (NYSE:RTX - Get Free Report) had its price objective lowered by equities research analysts at Sanford C. Bernstein from $223.00 to $214.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Sanford C. Bernstein's target price suggests a potential upside of 14.81% from the stock's current price.

RTX has been the subject of a number of other research reports. Barclays initiated coverage on shares of RTX in a research note on Friday, October 9th. They set an "overweight" rating and a $223.00 target price for the company. Deutsche Bank Aktiengesellschaft downgraded shares of RTX from a "buy" rating to a "hold" rating and set a $208.00 target price for the company. in a report on Tuesday. Rothschild & Co Redburn upped their price target on shares of RTX from $180.00 to $215.00 and gave the company a "neutral" rating in a research note on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating and issued a $240.00 price target (up from $220.00) on shares of RTX in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of RTX from $215.00 to $240.00 and gave the company an "overweight" rating in a report on Friday, July 24th. Eighteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $227.38.

RTX Stock Up 1.8%

RTX opened at $186.39 on Thursday. The stock's fifty day simple moving average is $201.00 and its 200 day simple moving average is $193.67. RTX has a 1-year low of $155.64 and a 1-year high of $226.88. The stock has a market cap of $251.21 billion, a PE ratio of 32.82, a price-to-earnings-growth ratio of 2.36 and a beta of 0.31. The company has a current ratio of 1.01, a quick ratio of 0.78 and a debt-to-equity ratio of 0.47.

RTX (NYSE:RTX - Get Free Report) last released 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 net margin of 8.28% and a return on equity of 13.99%. The firm had revenue of $24.71 billion during the quarter, compared to analysts' expectations of $22.89 billion. During the same period in the previous year, the business posted $1.56 earnings per share. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. As a group, research analysts expect that RTX will post 7.22 earnings per share for the current year.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 13,655 shares of RTX stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $223.92, for a total value of $3,057,627.60. Following the completion of the sale, the executive vice president directly owned 13,184 shares in the company, valued at approximately $2,952,161.28. The trade was a 50.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin G. Dasilva sold 2,250 shares of RTX stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $216.93, for a total transaction of $488,092.50. Following the completion of the sale, the vice president owned 20,099 shares of the company's stock, valued at approximately $4,360,076.07. The trade was a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,222 shares of company stock valued at $6,362,003 in the last quarter. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On RTX

A number of large investors have recently added to or reduced their stakes in RTX. Perpetual Ltd grew its position in RTX by 12.3% in the 3rd quarter. Perpetual Ltd now owns 6,247 shares of the company's stock valued at $1,160,000 after purchasing an additional 682 shares during the period. JGP Wealth Management LLC increased its stake in RTX by 1.7% during the 3rd quarter. JGP Wealth Management LLC now owns 83,423 shares of the company's stock valued at $15,487,000 after purchasing an additional 1,370 shares in the last quarter. Eastern Bank increased its stake in RTX by 112.0% during the 3rd quarter. Eastern Bank now owns 177,392 shares of the company's stock valued at $32,933,000 after purchasing an additional 93,725 shares in the last quarter. Rockland Trust Co. raised its holdings in RTX by 0.7% during the third quarter. Rockland Trust Co. now owns 20,330 shares of the company's stock worth $3,774,000 after buying an additional 144 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in RTX by 18.5% during the second quarter. QRG Capital Management Inc. now owns 226,195 shares of the company's stock worth $42,916,000 after buying an additional 35,269 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, RTX’s defense unit, won an $8 billion sole-source Air Force contract to modernize nuclear command, control and communications terminals through 2036. The long-term award improves revenue visibility and reinforces RTX’s position in strategic defense programs. RTX's Raytheon Wins $8 Billion Sole-Source Air Force Nuclear Communications Contract
• Positive Sentiment: Raytheon also secured $729 million in counter-drone contracts for the U.S. Army, Qatar and Jordan. The deal represents the first international sales of its KuRFS radar and Coyote interceptor systems, potentially opening a broader export and replenishment market. RTX's Raytheon awarded $729 million in counter-drone contracts
• Positive Sentiment: Analysts remain constructive ahead of the October 20 third-quarter earnings release. RTX’s strong earnings-surprise history, defense backlog, commercial aerospace aftermarket demand and improving execution are cited as reasons the company could exceed estimates again. Why RTX is poised to beat earnings estimates again
• Positive Sentiment: Erste Group raised its fiscal 2027 RTX earnings forecast slightly to $7.87 per share, above the broader consensus estimate of $7.22, supporting the view that contract growth and aerospace aftermarket demand can drive future earnings.
• Neutral Sentiment: RTX trades at a premium earnings multiple after a substantial multiyear rally. Although analysts see potential upside, investors may be waiting for the upcoming report to confirm that new awards are translating into margins and cash flow.
• Neutral Sentiment: Several listed articles concern NVIDIA GeForce RTX graphics cards, laptops and software. Those products are unrelated to RTX Corporation and should not be treated as catalysts for RTX stock.

About RTX

RTX Corporation NYSE: RTX is an aerospace and defense company that develops and supplies technologies for commercial aviation, business aviation, military operations and space applications. The company serves customers including aircraft manufacturers, airlines, governments and armed forces worldwide.

RTX operates through three principal business segments: Collins Aerospace, which provides aerospace systems, avionics, interiors, landing systems and other aircraft equipment; Pratt & Whitney, which designs and manufactures aircraft engines and provides related maintenance and services; and Raytheon, which develops integrated air and missile defense systems, precision weapons, radars, sensors, command-and-control technologies and other defense solutions.

The company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation, although its businesses trace their histories to earlier aerospace and technology companies, including Pratt & Whitney and Collins Aerospace predecessor organizations.

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