"RTX Rally Overextended, Hold Rating"
This is a news story, published by Yahoo Finance, that relates primarily to Moderate Buy news.
Moderate Buy news
For more Moderate Buy news, you can click here:
more Moderate Buy newsstocks trading & speculation news
For more stocks trading & speculation news, you can click here:
more stocks trading & speculation newsYahoo Finance news
For more news from Yahoo Finance, you can click here:
more news from Yahoo FinanceAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like stocks trading & speculation news, you might also like this article about
RTX Stock. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest RTX Corporation news, Hold ratings news, stocks trading & speculation news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Moderate Buy rating consensusTipRanks
•Is it Too Late to Buy RTX (NYSE:RTX) Stock?
83% Informative
Aerospace and defense contractor RTX Corporation (RTX) has rallied 49% so far in 2024 .
I believe it is too late to buy the stock, and I am initiating coverage with a Hold rating.
The company ended the third quarter with a record backlog of $221 billion , equivalent to nearly three years of revenue at the current pace.
Analysts have a Moderate Buy rating consensus consensus on RTX .
Among 15 analysts, six have issued Buy ratings and nine have assigned Hold ratings in the past three months .
The average 12-month price target of $ 132.47 equates to a 7.22% upside from current price levels.
VR Score
87
Informative language
88
Neutral language
32
Article tone
formal
Language
English
Language complexity
41
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
6
Source diversity
2
Affiliate links
no affiliate links