Analyst Charles Minervino of Susquehanna maintained a Buy rating on Boeing (BA – Research Report), retaining the price target of $205.00.
Charles Minervino has given his Buy rating due to a combination of factors including Boeing’s recent performance in aircraft deliveries and orders. In March, Boeing delivered a total of 41 aircraft and received gross orders for 192 aircraft, indicating strong demand and operational efficiency. The company delivered 33 of the 737 MAX jets, contributing to a total of 105 deliveries for the first quarter of 2025. This progress is seen as a positive sign as Boeing works towards its goal of reaching a production rate of 38 aircraft per month by mid-2025.
Additionally, Minervino is cautiously optimistic about Boeing’s production ramp-up, particularly for the 737 and 787 programs. Updates on Boeing’s acquisition of Spirit AeroSystems (SPR) and developments in its Defense business also contribute to the positive outlook. Despite potential risks, such as a downside scenario based on a 27.1x EV/EBITDA multiple, the overall assessment remains favorable, supporting the Buy recommendation.
In another report released today, UBS also maintained a Buy rating on the stock with a $190.00 price target.
Based on the recent corporate insider activity of 33 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.