Analysts See 11% Upside To RTX Corporation (RTX)

RTX Corporation (NYSE:RTX) is among the 8 Best Drone Stocks to Buy for the Next 3 YearsAccording to a report on TipRanks, Morgan Stanley analyst Kristine Liwag reiterated the firm’s Overweight rating on the stock on March 7, with a price target of $235.

Analysts See 11% Upside To RTX Corporation (RTX)

Stock market data. Photo by Burak The Weekender on Pexels

This is a reaffirmation of the investment banking company’s earlier update in late January when it lifted the price target from $215 following the defense contractor’s strong fourth-quarter results.

As of the close of business on March 13, RTX Corporation (NYSE:RTX) is a Strong Buy with an average share price upside potential of 11%.

In other news, on Friday the company announced that its Raytheon business had completed a $115 million expansion of its missile integration facility in Alabama, which is now expected to increase the facility’s delivery and integration capacity by more than 50%.

The development follows last month’s agreement with the Department of War to expand the production and delivery of Tomahawks, AMRAAM missiles, and other missiles and interceptors.

RTX Corporation (NYSE:RTX) is a giant in the global aerospace and defense industry, providing systems and services to commercial, military, and government clients. It operates through three main businesses: Collins Aerospace, Pratt & Whitney, and Raytheon.

While we acknowledge the risk and potential of RTX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RTX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Aerospace Dividend Stocks to Buy

Disclosure: None. Follow Insider Monkey on Google News.