RTX Corporation (RTX) Secures Major Navy Contract, Jefferies Reaffirms Price Target

RTX Corporation (NYSE:RTX) ranks among the best momentum stocks to buy. Jefferies reaffirmed its Hold rating and $160 price target for RTX Corporation (NYSE:RTX) on July 21 in response to MTU’s Paris Air Show updates.

RTX Corporation (RTX) Secures Major Navy Contract, Jefferies Reaffirms Price Target

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MTU increased its revenue forecast for 2025 from low teens to mid-teens growth, with EBIT margins expected to increase by about 100 basis points. While RTX Corporation (NYSE:RTX) retains a long-term mid-teens margin target reliant on OEM pricing and restructured GTF long-term agreement contracts, MTU wants to reduce its margins from 15.4% to 14.5–15.5% by 2030.

In addition, RTX Corporation (NYSE:RTX) subsidiary Raytheon recently won a $74 million contract to manufacture RAM Guided Missile Launching Systems for the U.S. Navy. The largest single order of RAM launchers placed in the United States in more than 20 years, the contract includes new launcher systems and the restoration of old ones.

RTX Corporation (NYSE:RTX) offers services and technologies to government, military, and commercial customers. The company operates through three main divisions: Collins Aerospace, Pratt & Whitney, and Raytheon.

While we acknowledge the potential of RTX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RTX and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.