Citigroup Lifts Price Target on RTX Corporation (RTX) to $238, Keeps Buy Rating

Group 1 - RTX Corporation is recognized as one of the top 10 American defense stocks to buy, with Citigroup raising its price target to $238 from $227, indicating an upside of over 21% from the recent close [1][8] - The company has secured a seven-year agreement with the Department of War to enhance the production and delivery of Tomahawk and AMRAAM missiles, driven by increased global demand for precision munitions amid geopolitical conflicts [2] - Production of Tomahawk cruise missiles is set to rise to over 1,000 units annually, a significant increase from the current production of about 60 units, while AMRAAM missile production capacity is planned to expand to at least 1,900 units [3] Group 2 - RTX Corporation reported strong fourth-quarter results for fiscal 2025, with total sales increasing by 12% year-over-year to $24.2 billion, and adjusted EPS of $1.55, surpassing estimates by 8 cents [4] - The company's outlook for 2026 anticipates sales between $92 billion and $93 billion, with adjusted EPS projected in the range of $6.60 to $6.80, indicating a positive forecast above analysts' expectations [5] - RTX operates in the aerospace and defense sector, providing systems and services to commercial, military, and government clients through its three main business segments: Collins Aerospace, Pratt & Whitney, and Raytheon [5]