Boeing's stock has been gaining attention from analysts, with several firms upgrading their outlook on the aerospace giant. Citi analysts have recently reaffirmed their 'Buy' rating on Boeing, suggesting that the market is undervaluing the company's long-term growth potential. They forecast a potential 50% upside based on current share prices. Similarly, RBC Capital Markets has upgraded Boeing to 'Buy', setting a new price target at $275, highlighting the improved prospects for the 737 MAX and 787 aircraft.
Boeing reported its financial performance for Q1 2025, posting a net loss of $31 million, which is a notable recovery from the $355 million loss reported in the same quarter of the previous year. Revenue rose by 18% to reach $19.5 billion, and aircraft deliveries went up to 130 units, including 104 units of the 737 MAX. As reported by the Financial Times, this improvement in financials and operations could signal a stronger foothold in the competitive aerospace sector.
The company's strategic focus is on increasing production rates for the 737 MAX and 787 models in a bid to stabilize and boost production levels. This move is part of Boeing's efforts to enhance its market position and address past production setbacks. Analysts have set an average 12-month price target of $200.84 for Boeing's stock, with a current trading price of $177.95, indicating room for further growth. Such strategies and financial improvements are bolstering confidence in Boeing as it seeks to regain its standing in the aerospace market.