Boeing (BA, Financial) is making steady progress in ramping up its 737 production line with a target to hit 38 units per month by the end of the year. The 787 program remains stable at a production rate of five planes monthly, with plans to increase that figure to seven later this year.
Meanwhile, the company is advancing its 777X initiative with expanded certification tests by the Federal Aviation Administration now underway. The initial delivery of the 777-9 is projected for 2026.
In the latest quarter, Boeing's Commercial Airplanes division secured 221 net orders, comprising substantial deals such as 20 777-9s and 20 787-10s for Korean Air, alongside 50 737-8s for BOC Aviation. During the same period, Boeing delivered 130 aircraft.
The company's backlog remains robust with over 5,600 airplanes, estimated at a total value of $460 billion, underscoring strong demand and future growth potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Boeing Co (BA, Financial) is $194.88 with a high estimate of $233.00 and a low estimate of $111.00. The average target implies an upside of 19.91% from the current price of $162.52. More detailed estimate data can be found on the Boeing Co (BA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Boeing Co's (BA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boeing Co (BA, Financial) in one year is $188.90, suggesting a upside of 16.23% from the current price of $162.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boeing Co (BA) Summary page.
