RTX Corporation (RTX), the aerospace and defense company formed from United Technologies and Raytheon, operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. A review of 12 attributable, recent analyst price targets produced a low of roughly $200 and a high of $245, with a calculated arithmetic mean near $221.50, rounded to a $220 central target.
The views behind these numbers differ meaningfully. Bulls such as Susquehanna ($245) and Bank of America and RBC Capital ($235 each) emphasize a record $289 billion backlog — up 22% year over year — and raised 2026 guidance, arguing the company is entering a multi-year upcycle. More cautious analysts, including Deutsche Bank (which downgraded the stock to Hold and cut its target to $208 in mid-October 2026) and Bernstein ($214), point to a fuller valuation and uncertainty over future defense appropriations. TD Cowen trimmed its target to $225 and Wells Fargo set a $230 Equal-Weight target. This spread of $200 to $245 is wide, and no single figure should be treated as a guarantee.
Shares of RTX recently traded near $191. Reaching $220 would require an advance of about 15%, which qualifies as a substantial move for a large-cap industrial. The path would likely need to combine continued earnings growth, sustained order intake, and either multiple expansion or a modest re-rating from current levels.
Fundamentally, the company raised its full-year 2026 revenue outlook to roughly $95–96 billion and lifted earnings per share (EPS) and free-cash-flow guidance after its second-quarter results. Consensus estimates put 2026 EPS near $7.25, rising toward $7.87 in 2027. A 15% move is not unprecedented for a stock with this growth profile, but it would require the market to reward execution rather than simply maintain the status quo.
Over the past year, RTX has traded in a range from roughly $167 to $227. The $220 target sits just below the stock's 52-week high near $227, meaning the prior high could act as a resistance level on any approach to the target. On the downside, the $185–$190 zone has provided recent support, with the 52-week low near $167 representing a deeper floor. A decisive move above the prior high would be the clearest technical confirmation of an extended uptrend.
Most analyst price targets reflect a research horizon of roughly 12 months, though individual firms vary, and some targets in this set date from earlier in 2026 while others were refreshed after the October 2026 earnings report. Investors should watch quarterly results and guidance updates, changes to defense appropriations, commercial aerospace delivery and aftermarket data, analyst revisions, and any developments on the Pratt & Whitney geared turbofan program. Interest-rate moves and sector-wide sentiment toward defense and aerospace names can also influence the stock's multiple.
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Whether RTX can reach $220 depends on the company sustaining earnings momentum while the market holds its valuation steady. The $220 central target — the mean of 12 verified analyst targets ranging from about $200 to $245 — implies a substantial 15% advance from the recent price near $191. Strong backlog, raised guidance, and broad defense demand support the bull case, while premium valuation, defense-budget uncertainty, and a recent wave of target trims represent the principal obstacles. With no consensus on the path ahead, investors should monitor earnings, guidance, and analyst revisions rather than rely on any single price objective.
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A.I.dvisor indicates that over the last year, RTX has been closely correlated with NOC. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if RTX jumps, then NOC could also see price increases.