What Are Wall Street Analysts’ Target Price for RTX Corporation Stock?

RTX Corporation (RTX), headquartered in Arlington, Virginia, provides systems and services for commercial, military, and government customers in the aerospace and defense industries. Valued at $155.39 billion by market cap, RTX is the world’s largest aerospace and defense company, offering avionics systems, aviation systems, communications and navigation equipment, interior and exterior aircraft lighting, aircraft seating, environmental control systems, flight control systems, and engine components. 

Shares of this aerospace and defense giant have outperformed the broader market considerably over the past year. RTX has gained 33.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 21.1%. In 2024, RTX stock is up 39.3%, surpassing the SPX’s 16.2% rise on a YTD basis.