In a report released yesterday, Sheila Kahyaoglu from Jefferies maintained a Buy rating on Boeing (BA – Research Report), with a price target of $210.00.
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Sheila Kahyaoglu’s rating is based on Boeing’s strong recovery and future potential, despite certain financial challenges. The company has shown significant improvements in its commercial airplane sector, with sales surpassing 2019 levels by 15%, indicating a robust rebound in demand and a positive outlook for future growth.
Moreover, Boeing’s substantial backlog, covering 85% of the estimated revenue for 2025, provides a solid revenue foundation. While Boeing faces profitability challenges in the BDS segment due to charges and unfavorable contract adjustments, the overall growth in inventory and workforce signals a strategic positioning for long-term success. These factors combined contribute to the Buy rating assigned to Boeing’s stock.
In another report released on February 4, UBS also maintained a Buy rating on the stock with a $217.00 price target.
BA’s price has also changed slightly for the past six months – from $167.030 to $181.840, which is a 8.87% increase.