Boeing’s Promising Future: Buy Rating Backed by Space Division Momentum and Commercial Aircraft Growth

William Blair analyst Louie DiPalma has maintained their bullish stance on BA stock, giving a Buy rating on May 19.

Louie DiPalma has given his Buy rating due to a combination of factors that highlight Boeing’s promising future prospects. One key element is the positive momentum in Boeing’s space division, particularly with the FOO Fighter satellite constellation, which aligns well with the proposed Golden Dome missile defense system. Despite some challenges, Boeing’s subsidiary, Millennium Space Systems, secured a significant contract to develop hypersonic missile tracking satellites, indicating strong potential for future contracts and revenue streams.
Moreover, Boeing’s commercial aircraft segment is showing signs of growth, with a steady production ramp-up of the B737 MAX. The recent large order from Qatar Airways for B787 and 777X aircraft further underscores the demand for Boeing’s products. These developments, along with anticipated positive news from the upcoming Paris Air Show, contribute to a favorable outlook for Boeing, justifying the Buy rating.

In another report released on May 19, Bernstein also reiterated a Buy rating on the stock with a $249.00 price target.