Boeing’s Growth Potential and Stability: A Buy Rating Amid Promising Q1 Results and Strategic Asset Sale

In a report released today, Seth Seifman from J.P. Morgan maintained a Buy rating on Boeing (BA – Research Report), with a price target of $200.00.

Seth Seifman has given his Buy rating due to a combination of factors that highlight Boeing’s potential for growth and stability. The company’s first-quarter results have shown a promising start with less cash burn than expected, indicating positive momentum in both deliveries and production. Additionally, the sale of Jeppesen and related assets is set to strengthen Boeing’s financial position by adding $10 billion in cash, despite the minimal impact on cash flow.
Seifman also notes that while macroeconomic risks and trade tensions with China persist, these challenges appear manageable. Boeing’s backlog is substantial, and the company is not heavily reliant on the Chinese market, which accounts for only 10% of its orders. Furthermore, Boeing’s supply chain is largely U.S.-based, minimizing the impact of tariffs. The planned increase in 737 production and potential FAA approval for further production hikes are positive indicators for the company’s future performance. Overall, these factors contribute to a favorable outlook for Boeing, supporting the Buy rating.

According to TipRanks, Seifman is a 5-star analyst with an average return of 11.1% and a 63.94% success rate. Seifman covers the Industrials sector, focusing on stocks such as Boeing, Booz Allen, and Kratos Defense.

In another report released today, Citi also maintained a Buy rating on the stock with a $220.00 price target.