Analyst Gavin Parsons from UBS maintained a Buy rating on Boeing and keeping the price target at $275.00.
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Gavin Parsons has given his Buy rating due to a combination of factors related to Boeing’s production and delivery outlook. The increase in Dreamlifter flights, which are closely linked to the 787 production rates, indicates a positive trend in Boeing’s manufacturing capabilities. Over the recent period, these flights have shown a year-over-year growth, suggesting an uptick in production activities.
Furthermore, Boeing’s commitment to stabilizing and increasing its production rates, as confirmed in their third-quarter call, supports a positive future outlook. The company plans to achieve higher monthly production and delivery rates in the coming years, with targets set for significant increases by 2026 and 2027. This strategic focus on scaling up production aligns with the anticipated normalization of inventory levels, reinforcing the Buy rating as Boeing is expected to enhance its operational efficiency and market position.
In another report released yesterday, Bernstein also maintained a Buy rating on the stock with a $267.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BA in relation to earlier this year.