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What Do Wall Street Analysts Recommend for Boeing?

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Analysts’ views

According to a Reuters’ consensus, of the 26 analysts tracking Boeing (BA) stock, eight analysts (30.8%) gave “strong buy” recommendations. Another 11 analysts (42.3%) tracking the stock gave “buy” recommendations. The remaining seven analysts (26.9%) gave “hold” ratings. None of the analysts tracking the stock gave “sell” or “strong sell” ratings on the stock.

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Analyst upgrades

Only two analysts raised the target price for Boeing after its investor day. Cowen & Co. raised its target price to $445 from $430. Jefferies raised its target price to $410 from $400.

Berenberg had raised its target price before Boeing’s investor day to $430.00 from its previous target price of $415.00.

Target prices

Boeing’s consensus 12-month target price is $412.60, which indicates a 17.5% return potential on its September 6 closing price of $345.70. Analysts have slightly raised their target price to $403.70. On September 10, Boeing’s highest target price was $515.00, and its lowest price target was $334.00.

Peer analysis

Analysts’ 12-month target prices for BA’s peers are as follows:

  • United Technologies (UTX): $152.10 with a 15.8% return potential
  • Lockheed Martin (LMT): $377.10 with a 14.9% return potential
  • General Dynamics (GD): $236.10 with a 12.5% return potential
  • Rockwell Collins (COL): $133.20 with a -3.3% return potential
  • Raytheon (RTN): $237.20 with an 18.3% return potential

Investors can get exposure to Boeing through the SPDR Dow Jones Industrial Average ETF (DIA), which holds ~9.0% of its portfolio in BA.

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