Deutsche Bank has raised its price target on Rolls-Royce Holdings PLC (LSE:RR.) to 1705p from 1325p, arguing that the engine maker's momentum extends well beyond the end of its current guidance period.
JP Morgan has raised its price target on Rolls-Royce Holdings PLC (LSE:RR.) by 11% to 1,800p, implying around 20% upside, after what it called the most impressive of the engineer's nine consecutive beat-and-raise updates.
Rolls-Royce Holdings PLC (LSE:RR.) and Melrose Industries PLC (LSE:MRO, OTC:MLSPF) shares climbed on Monday as hopes of a diplomatic breakthrough between the US and Iran lifted the aerospace and defence sector.
The FTSE 100 rose to a fresh intraday record on Thursday as stronger commodity shares and a surge in Rolls-Royce outweighed caution before the Bank of England's policy decision. The blue-chip index gained 0.4% to 10,950.32 by 9:43 am GMT, while the FTSE 250 added 0.4%.
Rolls-Royce share price jumped by over 5% and was the best-performing company in the FTSE 100 Index after publishing strong financial results. It jumped to 1,462p, up by nearly 10% from the lowest point this month.
Rolls-Royce is benefiting from two of the largest investment trends reshaping global markets: surging defense spending and the rapid expansion of AI-driven data centers. In this article RR.
Rolls-Royce Holdings PLC (LSE:RR.) raised its full-year guidance after first-half operating profit jumped 46%, as improved margins across all three divisions extended the engine maker's turnaround.