
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
RTX's strong financial performance is underscored by a 19% increase in commercial aftermarket sales driven by higher volumes from the GTF and V2500 engines, contributing significantly to the company's growth. Additionally, overall original equipment (OE) revenue rose by 7%, with Pratt & Whitney being a primary contributor, showcasing a 15% increase attributed to favorable dynamics in the large commercial engine market and enhanced volumes from Pratt Canada. Total adjusted and organic sales reached $21.6 billion, reflecting a 9% growth that not only surpassed internal estimates but also exceeded consensus expectations by approximately 5%.
Bears say
The financial outlook for RTX is negatively impacted by a slower-than-expected recovery in the commercial aerospace sector, exacerbated by delays in the receipt of defense contracts both domestically and internationally. Additionally, RTX is facing significant challenges in its commercial operations, highlighted by a loss of approximately $1 million on each new GTF engine delivery, coupled with ongoing pressures in the engine casting and forgings market. These factors raise concerns about the company's ability to generate sustainable profitability and growth in the near term.
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
Start investing in Raytheon Technologies (RTX)
Order type
Buy in
Order amount
Est. shares
0 shares