- RTX Corp (RTX, Financial) exceeds earnings and revenue expectations for Q1.
- Analysts are optimistic with target prices implying a potential upside.
- GF Value suggests a fair market valuation with moderate growth potential.
RTX Corp (RTX) announced an impressive Q1 performance, reporting earnings per share of $1.47, outperforming expectations by $0.10. The company's revenue reached $20.3 billion, marking a 5.2% year-over-year increase, which surpassed projections by $500 million. With a substantial backlog of $217 billion, RTX demonstrated robust financial health by returning $0.9 billion to shareholders this quarter.
Wall Street Analyst Insights
According to one-year price targets from 21 analysts, the average target price for RTX Corp (RTX, Financial) stands at $135.73. This range includes a high estimate of $160.00 and a low estimate of $87.00. The average target suggests a potential upside of 7.62% from the current price of $126.12. Interested investors can delve into more comprehensive data on the RTX Corp (RTX) Forecast page.
The consensus recommendation from 26 brokerage firms places RTX Corp (RTX, Financial) at an average brokerage recommendation of 2.3, denoting an "Outperform" status. This rating is derived from a scale where 1 indicates a Strong Buy and 5 suggests a Sell.
Evaluating RTX's Market Valuation
According to GuruFocus estimates, the GF Value for RTX Corp (RTX, Financial) in one year is projected to be $134.27. This estimation implies a potential upside of 6.46% from the current price of $126.12. The GF Value is calculated using historical trading multiples, alongside assessments of past business growth and future performance projections. For more detailed analysis, investors can explore the RTX Corp (RTX) Summary page.
