Raytheon Technologies Stock Hit with Bull Notes

The company soared to a record high after yesterday's earnings beat

Deputy Editor
Jan 25, 2023 at 11:06 AM
facebook X logo linkedin


No fewer than four analysts have raised their price targets on Raytheon Technologies Corp (NYSE:RTX) following yesterday morning's fourth-quarter report. The aerospace giant reported better-than-expected earnings thanks to recovering global air traffic and higher global defense budgets, though revenue missed estimates. 

RTX is down 1.5% to trade at $98.03 despite these bull notes, after yesterday soaring to a record high of $108.84 before settling with a more modest gain. Year-over-year, the equity is up 8.4%. 

The majority of analysts are already bullish on Raytheon Technologies stock, with eight of the 12 in coverage carrying a "buy" or better rating. After these price-target hikes, the 12-month consensus price target of $107.35 is a 9.5% premium to current levels. 

Calls have been more popular than usual of late. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), RTX's 10-day call/put volume ratio of 4.19 ranks higher than 86% of readings from the past year. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI