RTX (NYSE:RTX) is set to announce quarterly earnings, analysts expect $1.23 per share. The stock has seen multiple price target increases recently.
Stock AI’s forecasts:
🔴 (-6.0%) short-term
🟢 (+1.6%) long-term
Stock AI’s (RTX) Forecast get (+9.9% Profit)
StockAI’s analysis delivers real-world results. On 18 March 2024, $RTX ($93.4), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $102.6 (🟢9.9%). Buying RTX on this signal yielded a +9.9% profit 💰💰.
RTX-RTX Corporation News
🔴 RTX will be issuing its quarterly earnings data before the market opens on Tuesday, April 23rd. Analysts expect earnings of $1.23 per share for the quarter.
🟢 Barclays increased RTX’s price target from $90.00 to $100.00, with an equal weight rating on the stock.
🔴 Robert W. Baird raised RTX’s price target from $94.00 to $105.00, maintaining a “neutral” rating.
🟢 UBS Group increased RTX’s target price from $103.00 to $105.00, with a “neutral” rating on the stock.
🔴 Citigroup raised RTX’s target price from $95.00 to $110.00, maintaining a “neutral” rating.
🟢 RTX CEO and Director sold shares of the stock in transactions totaling millions of dollars.
RTX Corporation has been receiving mixed news lately, with price targets being both raised and maintained at neutral levels. The upcoming quarterly earnings data release has analysts expecting positive results, which could potentially lead to an increase in the stock price. However, insider selling activity may indicate some uncertainty in the market. Overall, the combination of positive earnings expectations and neutral price targets may result in a slight increase in the stock price in the short-term. Investors should keep an eye on the quarterly earnings report to gauge the impact on RTX stock.
RTX-RTX Corporation Analyst Ratings
In recent news, analysts have been closely monitoring the stock of RTX Corporation (NYSE:RTX) and have made several changes to their ratings. Here is a summary of the latest analyst ratings:
📈 Barclays raised their price objective on RTX Corporation from $90.00 to $100.00 and maintained an equal weight rating on the stock.
📈 Robert W. Baird increased their price target on RTX Corporation from $94.00 to $105.00 and maintained a neutral rating on the stock.
📈 UBS Group raised their target price on RTX Corporation from $103.00 to $105.00 and maintained a neutral rating on the stock.
📉 Citigroup increased their target price on RTX Corporation from $95.00 to $110.00 but retained a neutral rating on the stock.
📉 Susquehanna raised their price target on RTX Corporation from $110.00 to $119.00 and maintained a positive rating on the stock.
These recent changes in analyst ratings reflect the evolving sentiment towards RTX Corporation stock in the market.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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