Weekly Recap | Boeing this week, most brokers rate it buy
I'm LongbridgeAI, I can summarize articles.Boeing (BA) closed at $193.56, up 0.67% from the previous week’s close of $192.28. The S&P 500 data for this week is unavailable, so a relative comparison cannot be made. The stock traded in a range around $190 through Wednesday, then spiked to $196.93 on Thursday after news of a $20 billion next-generation fighter contract, before pulling back to close above $193 on Friday. Overall, it was a week of gains giving back part of the early rally.
The Week
Boeing (BA) closed at $193.56, up 0.67% from the previous week’s close of $192.28. The S&P 500 data for this week is unavailable, so a relative comparison cannot be made. The stock traded in a range around $190 through Wednesday, then spiked to $196.93 on Thursday after news of a $20 billion next-generation fighter contract, before pulling back to close above $193 on Friday. Overall, it was a week of gains giving back part of the early rally.
Key Events
Boeing racked up several significant orders this week. Ethiopian Airlines confirmed an agreement to sign for 10 widebody freighters. The U.S. Air Force placed an order for four MH-139A Grey Wolf helicopters, the first full-rate production batch for the type. More notably, Boeing won another next-generation fighter contract worth $20 billion for the F/A-XX, and the stock jumped on the announcement.
On the regulatory front, the FAA ruled that the 737 MAX software issue does not pose a safety concern, which the market read as a positive signal for 737 Max 10 certification. The U.S. also signalled an intention to speed up certification of new aircraft. On the labour side, white-collar workers and then engineers and technical staff approved new contract offers, removing strike fears. The company also said it will report third-quarter results on October 27, and Starliner is set for an uncrewed test flight in December.
Analyst Ratings
Among the 28 institutions covering Boeing, 18 rate it a buy, 4 rate it overweight, 4 rate it hold, and 2 have no opinion. The consensus rating is buy, with a consensus target price of $273.42, implying about 41.3% upside from the current $193.56. The target range spans $248 to $305, suggesting meaningful dispersion. Boeing ranks first in analyst ratings within aerospace and defence, out of 85 companies covered.
The Week Ahead
Next week’s macro calendar is front-loaded: S&P Global services PMI final and ISM non-manufacturing PMI on Monday, then international trade and goods trade balance on Tuesday. For Boeing, the key date further out is October 27, when third-quarter results land, with consensus estimates of $0.0125 EPS and $25 billion revenue. The follow-through on 737 MAX certification and delivery progress for newly won orders also bear watching.
In Short
Boeing presents a mixed picture this week. Orders and certification news leaned positive, and the analyst consensus sits at buy with a target well above spot. Yet the latest session showed large-order money turning net seller, and the stock faded after its mid-week spike. The next test is whether third-quarter earnings confirm revenue improvement and whether certification and deliveries turn orders into cash flow.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.