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RTX’s Backlog Just Hit a Record $289 Billion. Here’s Where the Stock Could Go

RTX’s Backlog Just Hit a Record $289 Billion. Here’s Where the Stock Could Go

Key Stats for RTX Stock

  • Current Price: $195.50
  • Target Price (Mid): ~$247
  • Street Target: ~$235
  • Potential Total Return: ~27%
  • Annualized IRR: ~6% / year

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What Happened?

RTX Corporation (RTX) closed at $195.50 on September 15, 2026, and the number that matters most is not the price but how little the recent good news has done to move it. In early August, the aerospace and defense giant behind Pratt & Whitney engines, Collins Aerospace systems, and Raytheon missiles traded near $223, about a percent below its 52-week high, and the case against buying was that everything had already gone right….

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