Boeing Stock Draws Strong Buys Despite NASA Shock

Boeing ( (BA) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Boeing is back in the spotlight as Wall Street bets on a major rebound, even while the aerospace giant faces fresh setbacks on multiple fronts. Jefferies’ top-rated analyst Sheila Kahyaoglu reiterated a Buy rating and a $295 target, citing reports that China may order up to 500 737 MAX jets, with a separate widebody deal for about 100 787s and 777X aircraft also under discussion. Such orders would be Boeing’s first big win in China since 2017 and could significantly expand its backlog and cash-flow visibility.

Despite operational and reputational headwinds, analysts remain broadly bullish on Boeing stock. The company has been hit by NASA’s cancellation of key, over-budget Exploration Upper Stage work under the $3.2 billion SLS program, ongoing fallout from the Starliner “Type A mishap,” and a federal lawsuit over hazardous substances in Seattle’s Lower Duwamish Waterway. Yet BA shares have rallied roughly 37%–50% over the past year, and the Street maintains a Strong Buy consensus with an average price target around $278 per share, implying roughly 20%–27% upside from recent levels.