With a market cap of $269.6 billion, RTX Corporation (RTX) is a global aerospace and defense company serving commercial, military, and government customers through its three operating segments: Collins Aerospace, Pratt & Whitney, and Raytheon.
Shares of the Arlington, Virginia-based company have outperformed the broader market over the past 52 weeks. RTX stock has gained 12.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 11.5%. However, shares of the company are up 9.4% on a YTD basis, lagging behind SPX’s 11.4% rise.
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Focusing more closely, shares of the aerospace and defense company have outpaced the State Street Industrial Select Sector SPDR ETF’s (XLI) 9.6% return over the past 52 weeks.
www.barchart.com RTX Corporation shares rose marginally on Oct. 20 after the company reported stronger-than-expected Q3 2026 adjusted EPS of $2.26 and revenue up 11% to $24.97 billion. The company also raised its 2026 adjusted EPS forecast to $7.65 - $7.75 and increased its revenue outlook to $97 billion - $97.5 billion, supported by strong commercial aerospace and defense demand and a record $340 billion backlog.
Growth across its businesses - including a 10% revenue increase at Collins Aerospace and Pratt & Whitney, and 14% growth at Raytheon, reinforced the positive outlook, although the earnings forecast included $0.25 per share from tariff refunds.
For the fiscal year ending in December 2026, analysts expect RTX’s adjusted EPS to grow 21.9% year-over-year to $7.67. The company's earnings surprise history is promising. It topped the consensus estimates in each of the last four quarters.
Among the 26 analysts covering the stock, the consensus rating is a “Moderate Buy.” That’s based on 15 “Strong Buy” ratings, two “Moderate Buys,” eight “Holds,” and one “Strong Sell.”
www.barchart.com This configuration has remained unchanged over the past three months.
On Oct. 22, Citi analyst John Godyn reiterated a "Buy” rating on RTX Corporation, with a $240 price target.
The mean price target of $226.72 represents a 12.3% premium to RTX’s current price levels. The Street-high price target of $262 suggests a 29.8% potential upside.
On the date of publication, Sohini Mondal did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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