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

Key Points

• Wells Fargo raised its price target on RTX from $200 to $230 while keeping an equal weight rating, implying about 10% upside from the prior close.
• RTX’s recent earnings beat expectations, with Q2 EPS of $1.89 versus $1.66 expected and revenue of $24.71 billion versus $22.89 billion expected, helping push the stock higher.
• The company also boosted its 2026 guidance and reported a record $289 billion backlog, supported by strong defense demand, missile orders, and aircraft repair activity.

RTX (NYSE:RTX - Get Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $200.00 to $230.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 10.06% from the company's previous close.

A number of other research analysts have also issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of RTX in a research report on Wednesday, July 8th. Erste Group Bank lowered RTX from a "buy" rating to a "hold" rating in a research report on Monday, April 27th. Melius Research raised shares of RTX from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Citigroup reaffirmed a "buy" rating on shares of RTX in a report on Wednesday, June 17th. Finally, Weiss Ratings downgraded shares of RTX from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, June 11th. 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 given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $213.25.

RTX Trading Up 7.2%

RTX stock opened at $208.97 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.78 and a current ratio of 1.02. RTX has a 1 year low of $150.61 and a 1 year high of $214.50. The firm's 50-day moving average is $186.24 and its 200-day moving average is $192.04. The company has a market cap of $281.42 billion, a P/E ratio of 39.21, a PEG ratio of 2.67 and a beta of 0.30.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.23. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $24.71 billion for the quarter, compared to analysts' expectations of $22.89 billion. During the same quarter last year, the company posted $1.56 earnings per share. RTX's revenue was up 14.5% on a year-over-year basis. RTX has set its FY 2026 guidance at 7.100-7.250 EPS. On average, equities analysts expect that RTX will post 6.92 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Navalign LLC bought a new position in shares of RTX during the 4th quarter valued at about $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of RTX during the 4th quarter worth $26,000. Core Wealth Advisors LLC acquired a new position in shares of RTX in the 4th quarter worth $31,000. 1 North Wealth Services LLC raised its position in shares of RTX by 456.7% during the fourth quarter. 1 North Wealth Services LLC now owns 167 shares of the company's stock worth $31,000 after purchasing an additional 137 shares during the period. Finally, Evergreen Advisors LLC purchased a new stake in shares of RTX during the first quarter valued at $31,000. 86.50% of the stock is currently owned by institutional investors.

RTX News Summary

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

RTX Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.