
Raytheon Technologies (RTX) Stock Forecast & Price Target
Raytheon Technologies (RTX) Analyst Ratings
Bulls say
The financial performance of RTX demonstrates a robust growth trajectory, particularly characterized by a 19% increase in commercial aftermarket sales within Pratt & Whitney, attributed to higher volumes from key engine models and improved outcomes at Pratt Canada. Overall, the company registered a 7% growth in original equipment (OE) sales, with Pratt & Whitney being the main driver, contributing to a significant 15% increase due to favorable conditions in the large commercial engine market. Additionally, total adjusted and organic sales reached $21.6 billion, surpassing estimates and consensus predictions, further underscoring RTX's strong revenue growth potential.
Bears say
The financial outlook for RTX is marred by concerns regarding a sluggish recovery in the commercial aerospace sector, which is crucial for the company's revenue generation. Additionally, the company is facing challenges with the GTF engine deliveries, reporting a significant loss of approximately $1 million on each unit, further exacerbating its financial strain. Furthermore, RTX experiences pressure in the engine casting and forgings market, indicating ongoing operational difficulties that could hinder overall 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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