RBC Capital Cuts RTX Price Target to $235

RBC Capital maintains its Outperform rating on RTX Corporation, setting a price target of $235 on October 15, 2026, a 21.18% upside from the current price.

By EarningsIQ Research Desk · Published Oct 15, 2026, 9:18 PM EDT · Updated Oct 16, 2026, 8:15 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

RBC Capital cut its price target on RTX Corporation ($RTX) to $235 from $250 on October 15, 2026, and rates the stock "Outperform".

Since the rating, $RTX is up 3.7% to date (from the $186.95 close on Oct 15, 2026).

RTX RTX Corporation

$193.92 +4.69% year to date

Daily close · Oct 16, 2026

Key Points

RBC Capital reaffirmed its Outperform rating on RTX Corporation, setting a price target of $235, down from $250.
RBC Capital's $235 price target implies 21.18% upside from RTX Corporation's ($RTX) current $193.92 share price.
As of October 16, 2026, RTX shares traded around $192.57, which is 15.5% below the mean analyst price target.
The company's next earnings report is set for October 20, 2026, following a year-over-year revenue growth of 14.5%.

Get $RTX trade alerts by text

We text you when insiders, Congress or big funds trade $RTX. Free.

Not investment advice. EarningsIQ is not a registered investment adviser, and this automated RTX Corporation alert may contain errors. Disclosures

RBC Capital reiterated its Outperform rating on RTX Corporation (NYSE: RTX) on October 15, 2026, and set a new price target of $235, down from $250. This indicates the firm still sees potential in the stock despite lowering its expectations.

Other Institutional Activity in RTX Corporation

Blackrock Inc. holds 110,528,494 shares of RTX, valued at about $21.4 billion after increasing its stake by 1,483,018 shares, a 1.4% increase. State Street Corporation also grew its holdings, adding 2,824,093 shares for a total of 95,417,318 shares worth approximately $18.5 billion, reflecting a 3.0% increase. Vanguard Capital Management LLC increased its position by 723,952 shares, totaling 87,947,095 shares valued at around $17.1 billion. Capital Research Global Investors holds 52,346,255 shares, valued at about $10.1 billion, after a minor increase of 10,467 shares. Conversely, JPMorgan Chase & Co. reduced its stake by 4,184,884 shares, ending with 37,167,727 shares valued at approximately $7.2 billion, a decrease of 10.1%.

RTX Corporation Stock Up 4.0%

RTX shares recently traded around $192.57, which is below both the 50-day moving average of $200.72 and the 200-day average of $194.99. The stock is also 15.1% below its 52-week high of $226.88, but it remains 23.4% above its 52-week low of $156.10. This positioning indicates the stock is currently undervalued compared to its recent highs.

12-month forecast

$RTX price target

RTX Corporation daily closes and this analyst's $235 target. Not advice.

Recent Earnings

For the trailing twelve months, RTX reported a revenue of approximately $93.5 billion and an earnings per share (EPS) of $5.68. The company has a return on equity (ROE) of 12.3% and a net margin of 8.3%. RTX's next earnings report is scheduled for October 20, 2026.

Analysts Set New Price Targets

On October 15, 2026, RBC Capital maintained its Outperform rating on RTX Corporation with a new price target of $235, down from $250. Bernstein also maintained its Market Perform rating with a target of $223, while TD Cowen kept its Buy rating with a target of $225. The consensus among analysts shows a mean price target of about $227.78 from 23 opinions.

About RTX Corporation

RTX Corporation is an aerospace and defense company that provides systems and services for commercial, military, and government customers worldwide. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The company's performance is closely watched due to its significant role in the defense and aerospace industries, especially amid ongoing global security concerns.

Bottom Line

Investors should keep an eye on RTX Corporation's upcoming earnings report on October 20, 2026, as it may provide further insights into the company's performance and market position. With RBC Capital's recent rating reaffirmation and the stock trading below its target price, it will be interesting to see how the market reacts in the coming weeks.