Why Raytheon Technologies (RTX) stock just hit a new high
Business
RTX stock just hit a 52-week high, climbing 4.06% to $212.13 as investors rotated into defense names amid rising tensions in the Middle East.
The company now boasts a $283 billion market cap and offers a 1.3% dividend yield.
RTX's recent earnings report and analyst ratings
RTX crushed its most recent quarterly earnings, beating expectations with $1.55 per share and pulling in $24.24 billion revenue—a solid 12% jump from 2025.
Analysts are still optimistic, giving it a "Moderate Buy" rating and targeting around $199.50 per share.
Geopolitical tensions and their impact on defense stocks
Tensions overseas have spiked oil prices and disrupted shipping, which has boosted defense stocks across the board—RTX included.
With another earnings report coming up April 28, 2026, all eyes are on how this momentum plays out next quarter.