Is RTX Corporation (RTX) One of the Best Industrial Stocks to Buy?

RTX -3.94%

RTX Corporation (NYSE:RTX) is one of the best industrial stocks to buy. On November 18, BNP Paribas Exane began coverage of RTX Corporation with an Outperform rating and a price target of $210, according to a report by the Fly.

Separately, a Reuters report dated November 21 indicates that Raytheon-Rafael Protection Systems, a joint venture of RTX, has made a $1.25 billion deal with Israel to provide surface-to-air missiles. The contract involves missiles, missile kits, and testing gear for Israel’s Iron Dome defense system.

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$33 million has been invested to build a new site located in East Camden, Arkansas, to manufacture these missiles for Iron Dome and its US version, SkyHunter. In the month prior to this announcement, RTX boosted its yearly profit and revenue outlook, driven by the growing demand for its missiles and related services amid the rising global tensions.

RTX Corporation (NYSE:RTX) is a Virginia-based aerospace and defense company that caters to commercial airlines, militaries, and government clients worldwide. The company specializes in aviation systems, training technology, building and maintaining aircraft engines, and defense systems that help detect, track, and counter threats.

While we acknowledge the potential of RTX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure. None.