Analyzing RTX Corporation Stock: Will It Reach $119 According to Susquehanna Analyst?
RTX Corporation Stock Analysis
Sure, RTX stock has potential -- but its shares already look expensive. RTX Corporation (NYSE: RTX) reported terrific earnings last week, beating analyst targets on both the top and bottom lines Tuesday. Granted, its guidance for the rest of this year was a bit underwhelming, with forecast ranges for both sales and earnings falling short of the Wall Street consensus.
Positive View Amidst Underwhelming Guidance
Investment bank Susquehanna maintained its 'positive' rating on RTX shares, with analyst Christopher Rolland raising the price target to $119. Rolland highlighted RTX's record backlog and margin expansion potential across business segments.
- Record backlog number of $202 billion
- Potential margin expansion in key businesses
The bigger question for investors is whether the growth prospects are already factored into RTX shares, trading at a high earnings multiple of 38 times.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.