Key Insights:
- RTX Corporation faces an $8.4 million settlement due to cybersecurity compliance issues.
- Analysts project a potential upside with an average target price of $134.93.
- RTX holds an “Outperform” recommendation with a GF Value estimate suggesting further upside.
RTX Corporation (RTX, Financial) has recently settled on an $8.4 million agreement due to allegations centered around failing to adhere to cybersecurity mandates stipulated in defense-related contracts. These allegations pertain to activities between 2015 to 2021 and involve its prior Cybersecurity unit, which was divested to Nightwing Group as of March 2024.
Wall Street Analysts’ Forecast
According to one-year price targets set by 21 seasoned analysts, the average target price for RTX Corp (RTX, Financial) stands at $134.93. This projection features a high estimate of $160.00 and a low estimate of $99.00. The average target suggests a potential upside of 3.62% compared to the current stock price of $130.21. To delve deeper into these estimates, visit the RTX Corp (RTX) Forecast page.
Currently, 26 brokerage firms have provided a consensus recommendation for RTX Corp (RTX, Financial), averaging a 2.2 rating, which translates to an “Outperform” status. The rating scale used ranges from 1 to 5, with 1 reflecting a Strong Buy and 5 indicating a Sell.
GuruFocus estimates forecast the GF Value for RTX Corp (RTX, Financial) in a year at $134.26. This valuation suggests a 3.11% upside from the current stock price of $130.21. The GF Value is determined based on historical trading multiples, past business growth, and future performance expectations. For further comprehensive details, access the RTX Corp (RTX) Summary page.