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RTX shares drop 16% amid broad market pressures, but buy rating and $244 price target remain intact.

Analyst Insights
28 Sep 2026
Seeking Alpha
View Source
Bullish
RTX shares drop 16% amid broad market pressures, but buy rating and $244 price target remain intact.

RTX shares have fallen about 16%, with only a small portion of the decline linked to rising treasury yields. The broader market pressures and sentiment appear to be driving the drop rather than fundamental issues. Despite this, the analyst maintains a buy rating and a price target of $244.18, expecting 18% upside on next year's earnings and 29% on 2028 estimates. RTX's free cash flow is projected to grow 14% annually, supported by improving volumes and stable capital expenditures, indicating strong long-term prospects.

RTX shares are discussed here, while Pluang's snapshot of the Industrials sector shows that out of 93 US stocks, 69 fell and only 13 rose as of Sep 28, 2026 19:41 WIB. Among notable movers, SMR traded at USD 8.29 with a 1-day change of -1.49% and a typical hold time of 27 days, FCEL was priced at USD 16.25 down 1.46% with a hold time of 47 days, and ENVX stood at USD 2.83, down 1.39% with a 11-day hold time. This contrasts the broader negative trend in the sector on that date.

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