Boeing Stock Forecast: Trending Strong Buy Among Analysts

Boeing (BA) stock has risen 32.5% over the past year, despite slipping 4.7% in the last week and gaining 2.1% over the past month. Wall Street’s analysts are firmly bullish, with a Strong Buy consensus and a 12‑month average price target of $269.14, implying solid upside from the last closing price of $233.02.

Among the most closely watched voices is Ronald Epstein of Bank of America, who reiterated his Buy rating on Boeing on February 3, 2026, with a price target of $270.00. This target points to meaningful upside from current levels and fits within the broader bullish view on the stock over the coming year. Epstein’s outlook supports the idea that Boeing’s recovery, while uneven, remains on track and attractive for patient investors.

Epstein describes Boeing as “an execution story that has wings,” highlighting that the company’s path to recovery is fundamentally solid even though recent quarters have revealed some hurdles. Margins in both Commercial Airplanes and Defense have improved but still face pressure from familiar sources, including the reintegration of key supplier Spirit AeroSystems and another charge tied to the KC‑46 program. Even so, he argues that Boeing is making steady progress on its core programs and that its operational trajectory justifies maintaining a bullish stance.

On the commercial side, Epstein sees “a lot to like” in Boeing’s inflection. The 737 and 787 programs are showing stable progress in ramping production, while certification milestones for aircraft such as the 737‑10 and 777‑9 are moving in a promising direction. With a record commercial backlog of $567 billion at year‑end, Epstein believes the company has a substantial opportunity ahead if it can continue to execute and gradually increase production, including targeted 2026 deliveries of 504 737 MAX jets and 100 787s.

Looking ahead, Epstein identifies operational milestones—especially production stability and certification progress—as the key catalysts for Boeing’s stock. Management changes, including new CEO Kelly Ortberg and CFO Jay Malave, along with a reiterated $10 billion free cash flow target, have already removed some overhangs. Epstein expects 2026 to be a transition year, forecasting $3,019 million in free cash flow as Boeing moves toward its long‑term $10 billion framework and potentially surpasses it by 2031. This N‑star analyst ranks 51 out of 11,984 on TipRanks, with a 70.79% success rate and a 22.9% average return per rating. Never miss a stock rating. Find all the latest ratings on TipRanks’ Top Wall Street Analysts page.