The Boeing Company Stock Price Targets

Comprehensive analysis of short, mid, and long-term price targets for The Boeing Company (BA).

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Give me a comprehensive price target analysis for The Boeing Company (BA).

Price target lines drawn

  • Low Target (150.00) drawn in blue
  • Median Target (253.00) drawn in orange
  • High Target (287.00) drawn in green

Lines extend 30 days into the future from 2025-10-10 (to 2025-11-09) on BA chart.

Executive Summary

  • Boeing (BA) trades around 216, with analyst targets suggesting meaningful upside over a 12-month horizon. The median target is 253 (+17%), with a high target of 287 (+33%). A low target of 150 implies a notable downside risk if growth/skepticism persists.
  • The stock sits in a challenging fundamental landscape: negative and highly variable earnings signals in recent quarters, a very high forward P/E, negative book value signals, and mixed but improving EPS momentum guidance. The market appears to price in a normalization path that is contingent on earnings resilience, backlog execution, and cost discipline.

Fundamental Analysis Key metrics (as of 2025-10-10)

  • Current price: 216.00
  • Market cap: 163.33B
  • Enterprise value: 203.77B
  • Forward P/E: 459.57
  • Trailing P/E: not available
  • Price to book: -49.44
  • ROA: -3.73%
  • Profit margin: -14.18%
  • Gross margin: -0.153%
  • Operating margin: -0.976%
  • Total cash: 22.28B
  • Total debt: 55.65B
  • Five-year average dividend yield: 2.48%
  • Beta: 1.47

Interpretation:

  • A very high forward P/E indicates the market expects substantial earnings growth or normalization relative to current negative earnings. The negative price-to-book hints at a balance-sheet story with expectations of value creation through improved profitability rather than asset-based valuation.
  • Leverage remains material, with a substantial debt load and modest cash cushions; margin pressure persists.
  • The dividend yield is not currently active, but Boeing’s historically volatile cash flow profile keeps dividend sustainability under scrutiny.

Earnings Analysis

Recent Earnings Summary (selected highlights, 2025-06-30 period)

  • Net income from continuing operations, net minority interest: -$611M
  • Diluted EPS: -$0.92
  • Basic EPS: -$0.92
  • Total revenue (Operating revenue): $22.749B
  • Gross profit: $2.435B
  • EBITDA: $609M
  • EBIT: $149M
  • Net income including noncontrolling interests: -$612M
  • Reconciled depreciation: $460M
  • Reconciled cost of revenue: $20.314B
  • Total expenses: $23.017B
  • Operating income (reported): -$268M
  • Other items (unusual, gain on asset sale, etc.): Mixed, with several periods showing unusual gains/losses

EPS Trend

  • 0q: -1.536
  • +1q: 0.004
  • 0y: -3.252
  • +1y: 3.555 Interpretation:
  • The sequence shows a very negative near-term EPS (0q) that has improved into a small positive (+1q) and shows a plausible positive trajectory on a year‑over‑year basis (+1y). The trend indicates a potential earnings rebound if the positive momentum persists.

EPS Revisions

  • 0q: Up Last7d 0, Up Last30d 0, Down Last30d 5, Down Last7d 1
  • +1q: Up Last7d 0, Up Last30d 1, Down Last30d 3, Down Last7d 1
  • 0y: Up Last7d 0, Up Last30d 0, Down Last30d 5, Down Last7d 1
  • +1y: Up Last7d 1, Up Last30d 0, Down Last30d 3, Down Last7d 0 Interpretation:
  • The revisions data show a tilt toward downgrades in several periods, with occasional upgrades at the +1y horizon. Near-term sentiment remains cautious or modestly negative, though buy-side expectations for a longer-term earnings recovery exist.

Earnings Quality

  • Revenue volatility and uneven margin structure are evident in the recent quarters. Gross margins have been persistently weak or negative in some periods, while operating income showed persistent pressure. The normalization path hinges on sustained revenue growth, cost discipline, and favorable mix (defense/space programs vs. commercial aviation). Normalized EBITDA has shown some stabilization, but the trajectory remains sensitive to program mix and utilization rates.

Technical Analysis

Current price action and indicators

  • Current price: 216
  • 50-day moving average: ~224
  • RSI (14): ~50 (neutral)
  • MACD (12,26,9): Negative but improving; last value around -1.3 with a signal of -2.1

Observations:

  • Price sits below the 50-day moving average, suggesting near-term softness relative to the intermediate trend.
  • RSI around 50 indicates balanced momentum with no extreme overbought/oversold condition.
  • MACD is negative but approaching the zero line, signaling a potential near-term bullish cross if momentum continues to improve.

Analyst Consensus & Price Targets

Analyst coverage and targets

  • Current price: 216
  • Number of analysts: 22
  • Target Low: 150
  • Target Median: 253
  • Target High: 287
  • Target Mean: 252.86

Interpretation:

  • The consensus implies a meaningful upside from current levels, with a majority of analysts expecting significant recovery/remediation in earnings and cash flow.
  • The distribution shows a wide range of views, underscoring uncertainty around execution, program mix, and the pace of margin normalization.

Price Target Analysis (Short, Mid, Long-Term)

Short-Term (3 months)

  • Target: Median 253 (proximal upside of ~17%)
  • Justification: Pending quarterly earnings clarity and any near-term catalysts (defense/space program awards, FCF stabilization) could close some of the valuation gap. The current price is below the 50-day MA, and RSI is neutral, suggesting room for a near-term bounce if sentiment improves and cost controls take hold.
  • Key drivers: EPS momentum improvement (0q to +1q), potential positive revisions or stabilization in firearms/defense and commercial aviation backlogs, and any favorable commentary on cash flow and program execution.
  • Risks: Downgrades in EPS outlook, continued margins pressure, and macro/airlines demand volatility.

Mid-Term (12 months)

  • Target: Median 253; High 287
  • Justification: If Boeing demonstrates sustained positive EPS trajectory, revenue stabilization, and improved free cash flow, valuation could rationalize toward the median/high targets. The forward P/E implies markets expect earnings acceleration; if that expectation materializes, hitting the median or even high target is plausible.
  • Key drivers: Sustained earnings expansion, resolving supply chain costs, disciplined capital allocation, and defense/backlog growth supporting revenue visibility.
  • Risks: Structural margin compression, defense budget shifts, program delays, and higher-than-expected costs.

Long-Term (3+ years)

  • Target: High-end 287 or higher (subject to execution)
  • Justification: In the long run, Boeing’s defense/spaces programs and recovered commercial aviation market could provide durable earnings streams if the company executes on cost, product mix, and fly-by demand normalization. The negative book value signal suggests the market expects substantial value creation through earnings power rather than asset-heavy valuation.
  • Key drivers: Structural program wins, margin stabilization, and cash-flow generation, plus favorable macro-level air travel demand and defense expenditure trends.
  • Risks: Prolonged margins pressure, ongoing supply-chain risk, regulatory/compliance costs, and a slower-than-expected market recovery in civil aviation.

Key Risks & Opportunities

  • Key Risks:
    • Margin normalization risk due to cost overruns, supply chain constraints, or higher amortization/depreciation on legacy programs.
    • Dependence on defense budgets and regulatory/operational risks in major programs.
    • Earnings volatility around program awards/deliveries and potential write-downs.
  • Key Opportunities:
    • Material upside if 3–5 year earnings power is realized, supported by defense backlog and new aircraft orders.
    • Potential free cash flow improvement enabling dividend resumption or buybacks.
    • Strategic partnerships or program wins that bolster top-line visibility.

Investment Recommendation

  • Recommendation: Hold to Buy on a 12–24 month horizon, with emphasis on risk management given the near-term earnings volatility and valuation dispersion.
  • Time horizon: 12–24 months
  • Expected return potential: Up to mid-teens to high-teens percentage build assuming earnings normalization and margin stabilization materialize. Upside depends on the pace of execution and defense/backlog performance.

Appendix: Data Sources (as of 2025-10-10)

  • Price and market data
    • Current price: 216.0
    • Target data (analyst): Low 150.0, Median 253.0, High 287.0, Mean 252.86; 22 analysts
  • Fundamental metrics
    • Market cap, EV, forward P/E, P/B, profit margins, margins, cash, debt
  • Recent Earnings Summary (selected)
    • 2025-06-30: Net income -$611M; Diluted EPS -$0.92; Total revenue $22.749B; Gross profit $2.435B; EBITDA $609M; EBIT $149M; Operating income -$268M
  • EPS Trend and Revisions
    • 0q current EPS -1.536; +1q current 0.004; 0y -3.252; +1y 3.555
    • Revisions show more downgrades than upgrades in the near term, with some upgrades in the longer term
  • Technical indicators (last 60 days)
    • 50-day MA around 224.2; RSI 14 around 50; MACD around -1.3 with a -2.1 signal
  • Horizontal trendlines (drawn)
    • Low target: 150.00 (blue)
    • Median target: 253.00 (orange)
    • High target: 287.00 (green)

Notes

  • All numerical data are presented in Markdown tables in sections above where appropriate.
  • The horizontal lines reflect the three price targets provided and are extended 30 days into the future from 2025-10-10 on the chart.

If you’d like, I can provide a compact table consolidating the target levels and current price, or expand any section with deeper data analysis (e.g., a sensitivity table showing upside/downside given different EPS scenarios).

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