As RTX Corp (Symbol: RTX) shares soared above the average analyst 12-month target price of $93.79 to $94.86, the analysts face a pivotal crossroads. When a stock breaches the target set by an analyst, it’s a moment of reckoning — a fork in the road. They must decide: downgrade due to inflated valuation or revise the target upwards.
Within the Zacks coverage universe, 19 analysts contribute to this target; however, the average is just a mathematical construct. Some analysts have set lower targets, as low as $68.00, while others dream big with a target of $120.00. The standard deviation stands at $11.496.
Yet, the essence of examining the average RTX price target is to tap into a collective intelligence, amalgamating various perspectives rather than banking solely on one expert’s opinion. With RTX surpassing the benchmark price of $93.79/share, investors are handed a timely cue to reassess the company. The burning question now is whether $93.79 is merely a milestone on the journey to a loftier aim or if the valuation has extended beyond reason, signaling a prudent moment to consider profit-taking.
| Recent RTX Analyst Ratings Breakdown |
||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 5 | 5 | 6 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 13 | 13 | 12 | 11 |
| Sell ratings: | 0 | 0 | 1 | 1 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.5 | 2.58 | 2.63 | 2.53 |
The average rating depicted in the table’s final row ranges from 1 to 5, where 1 signifies Strong Buy and 5 Strong Sell. The data source for this article is Zacks Investment Research via Quandl.com. Stay updated with the latest Zacks research report on RTX — for FREE.
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