RTX Corporation is a diversified aerospace and defense company formed from the 2020 combination of Raytheon and United Technologies, operating through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Across major aggregators, roughly two dozen analysts cover the stock, and the verified individual targets produce an arithmetic mean of about $234, which rounds to a $235 central target. That figure reflects the collective average, not any single firm's call.
The low-to-high range is unusually wide—about $200 at the low end and $265 at the high end. Cautious voices cluster lower: UBS trimmed its target to $209 in late September 2026, while Bernstein lowered its target to $223 from $232. More constructive analysts sit higher, including Jefferies at $250, Susquehanna and Argus Research at $245, TD Cowen and Morgan Stanley at $240, and Deutsche Bank at $238. RBC Capital and Wells Fargo both carry $230 targets. The spread matters because it means the $235 level is achievable under the more bullish scenarios but sits well above the cautious view.
RTX shares closed around $185.65 at the end of September 2026, well below the 52-week high of $226.88 but comfortably above the 52-week low of $155.64. The stock trades at a price-to-earnings (P/E) ratio of roughly 32 on trailing earnings, with a dividend yield near 1.6% and a market capitalization around $250 billion. Reaching $235 would require about a 27% gain, a substantial move that would take the stock above its prior peak.
The path toward that level is grounded in fundamentals rather than sentiment. RTX raised its full-year 2026 outlook after second-quarter results: adjusted sales guidance moved to $95–$96 billion, adjusted EPS (earnings per share) to $7.10–$7.25, and free cash flow to $8.50–$8.75 billion. Management cited 16% organic sales growth, double-digit defense and commercial aftermarket expansion, and margin gains across all three segments. A record $289 billion backlog—up 22% year over year—provides revenue visibility that many analysts cite in defending higher targets.
The 52-week range of $155.64 to $226.88 frames the chart. The $226.88 prior high is the key resistance level to clear, and a $235 target sits just above it—meaning the stock would need to break decisively through its previous peak to reach the central target. On the downside, the $185 area around the current price is a notable zone to hold, with the psychological $180 and $170 levels below as potential support if selling resumes. The long-term trend remains constructive after a 140% five-year total return, but the recent decline underscores that prior highs act as meaningful resistance.
Analyst price targets generally reflect a research horizon of about 12 months, though individual firms vary and some update targets quarterly. The most important near-term catalyst is RTX's third-quarter earnings report, expected around late October 2026. Investors should watch for any revision to full-year guidance, Raytheon booking momentum and backlog trends, Pratt & Whitney GTF aftermarket volumes and powder-metal costs, free-cash-flow progress, and broader defense budget and interest-rate developments that influence valuation. Analyst target changes after earnings will signal whether the $235 level remains in view.
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The question of whether RTX can reach $235 is, at its core, a question about whether the company's improving execution and record backlog can translate into enough multiple expansion to clear its prior high. The $235 central target, derived as the mean of more than 20 verified analyst targets, sits roughly 27% above the current price. Support comes from raised guidance, a $289 billion backlog, and broad defense demand, while the obstacles are a premium valuation, lingering supply-chain costs, and a target range that stretches from $200 to $265—evidence of genuine disagreement. With earnings approaching and targets likely to shift again, investors should watch guidance and backlog trends closely rather than treating $235 as a foregone conclusion.
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A.I.dvisor indicates that over the last year, RTX has been loosely correlated with NOC. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if RTX jumps, then NOC could also see price increases.