Good news for aerospace stock Boeing (BA), as the recent talks with Air India have proven productive, and in a big way. Air India agreed to buy six Boeing 777 aircraft, a move which it has not made in over seven years, noted one report. This extra sale has given Boeing some new life, and shares of Boeing gained fractionally in Monday afternoon’s trading.
Air India picked up the half-doze 777-300ER planes, which were formerly operated on lease. This is actually the first purchase of “…wide-body long-range aircraft” Air India has made in the last seven years, reports noted. Further, reports noted that this is also a response to “supply chain constraints” that were delaying deliveries, and hindering Air India’s plans to refurbish its current lineup of wide-body aircraft.
Air India is in the midst of a five-year plan to transform its operations, as demand for air travel is on the rise in India. At the same time, it is also working on a plan to retrofit 67 wide-body and narrow-body aircraft, so the addition of six wide-body aircraft like the 777 should be a welcome addition to the lineup.
First Quarter Reports Showing Positive Results
Meanwhile, another report did a bit of a post-mortem on Boeing’s first-quarter figures, and discovered there was quite a bit to like there. With Boeing posting $19.5 billion in revenue, along with increased production of the 737 lineup, it was clear Boeing was moving in the right direction. Of perhaps a more mixed bit of good news—good for Boeing, less so for its customers—Boeing’s backlog was also seen increasing by $545 billion.
With similar successes coming in from defense, space and security, global services, and more, Boeing’s first quarter is proving a positive one for outside observers. The question, of course, is whether or not Boeing can keep this momentum going into the second quarter and the rest of 2025.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 14 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 4.98% rally in its share price over the past year, the average BA price target of $200.47 per share implies 7.35% upside potential.
