Rolls-Royce (LSE: RR.) Share Price Eyes £20 Milestone As Broker Targets Surge Following Blowout Half-Year Results

Rolls-Royce shares are flirting with a potential £20 milestone as analysts weigh whether the stock’s strong run has more room. The company has gained 1,266% over five years, and investors are now looking at how soon the next level could arrive, if at all. In its first-half update, Rolls-Royce reported underlying operating profit of £2.5 billion, up 46% year-on-year, and raised full-year guidance to £4.7 billion–£4.9 billion from a prior £4.0 billion–£4.2 billion. Free cash flow guidance was increased to £3.8 billion–£4.0 billion. Consensus 12-month targets cluster at 1,450p–1,530p, while forecasts range up to 1,900p. Risks include supply-chain constraints, cost inflation, delivery delays, FX moves, and uncertainty around Small Modular Reactor and defence approvals.