- Investment firm Jefferies increased its price target for RTX Corp. to $250.00, signaling strong confidence.
- RTX Corp. (NYSE: RTX) reported robust Q2 2026 results, with adjusted EPS of $1.89 and revenues of $24.71 billion, both exceeding analyst expectations.
- The company raised its full-year 2026 financial guidance, projecting adjusted EPS between $7.10 and $7.25 and sales between $95 billion and $96 billion.
RTX Corp. (NYSE: RTX) is a large aerospace and defense company. It operates through major segments including Collins Aerospace, Pratt & Whitney, and Raytheon. On July 26, 2026, the investment firm Jefferies raised its price target for RTX to $250.00 from a previous target of $220.00, showing increased confidence in the stock.
This analyst optimism is supported by the company's strong second-quarter 2026 performance. RTX reported adjusted earnings per share (EPS) of $1.89, which was 14% higher than the consensus estimate of $1.66. EPS is a measure of a company's profit allocated to each outstanding share of common stock.
The company also exceeded revenue expectations. As detailed by Zacks Investment Research, revenues reached $24.71 billion, outperforming the $22.88 billion consensus. This was driven by a 14% year-over-year increase in adjusted sales from strong demand in commercial aerospace and defense, contributing to a record backlog of $289 billion.
Following the strong quarter, RTX raised its financial forecast for the full year. As highlighted by Benzinga, the company now expects adjusted EPS between $7.10 and $7.25 and sales between $95 billion and $96 billion. This updated guidance suggests management is confident that the positive momentum will continue.
At the time Jefferies set its new target, RTX stock was trading at $212.79 per share. The new $250.00 price target represents a potential upside of approximately 17.49% from that price. This reflects the company's strong operational results and its improved financial outlook for the year.