RTX (RTX) stock was down on Wednesday alongside analyst updates following the aerospace and defense company’s latest earnings report. Mixed analyst coverage and price cuts appear to be behind the drop.
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Let’s get into the latest RTX analyst updates below.
- Five-star TD Cowen analyst Gautam Khanna reiterated a Buy rating and a $225 price target, representing a potential 23.57% upside.
- Five-star RBC Capital analyst Kenneth Herbert maintained a Buy rating and a $230 price target, suggesting a possible 26.31% upside.
- Five-star Bank of America Securities analyst Ronald Epstein kept a Buy rating and a $230 price target.
- Five-star Susquehanna analyst Charles Minervino stuck with a Buy rating and a $235 price target, implying a potential 29.06% upside.
- Five-star Wells Fargo analyst David E. Strauss reiterated a Hold rating with no price target.
- Five-star Morgan Stanley analyst Kristine Liwag maintained a Buy rating but cut her price target to $220 from $235, representing a possible 20.82% upside.
- Four-star UBS analyst Gavin Parsons kept a Hold rating and lowered his price target to $199 from $209, suggesting a potential 9.29% upside.
Epstein argued that RTX’s strong Q1 results and upgraded outlook support his reiterated Buy rating and high upside potential for the company’s shares.
RTX Stock Movement Today
RTX stock was down 3.33% on Wednesday, extending a 1.02% year-to-date fall. Even so, the stock has rallied 55.61% over the past 12 months.
RTX stock hasn’t seen much trading activity today, with only about 1.67 million shares traded as of this writing. This is roughly half of the company’s three-month average daily trading volume.
Is RTX Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for RTX is Moderate Buy, based on 11 Buy and four Hold ratings over the past three months. With that comes an average RTX stock price target of $223.15, representing a potential 22.9% upside for the shares.
