Boeing Analysts Turn Most Bullish Since 2022 on Momentum Shift

Analyst

โดย Bloomberg·

Summary · why it matters

Wall Street analysts this week turned the most bullish on Boeing Co. in nearly four years, with buy recommendations reaching the highest share of total ratings since October 2022 following back-to-back upgrades from Argus Research Corp. and BNP Paribas within a span of 10 days. Not one of the 32 analysts tracked by Bloomberg recommends selling the stock, and Tigress Financial's Ivan Feinseth holds a Street-high price target of $305. The optimism follows Boeing's long-awaited FAA certification for its 737 Max 7 jet, which CEO Stephanie Pope called a pivotal moment in the company's recovery. BNP Paribas analyst Matthew Akers, who had the only sell-equivalent rating, upgraded the stock last week and sees a path for shares to almost double by 2030, while Argus analyst Kristina Ruggeri cited expectations for a meaningful production ramp. Boeing shares are up about 6% this year, trailing the broader market's 13% gain, and trade at about 1.7 times forward 12-month revenue versus a 10-year average of 1.5.