Boeing Targets 500 Aircraft Deliveries for 737 in 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5h ago
0mins
Source: seekingalpha
- Delivery Target: Boeing aims to deliver approximately 500 737 aircraft in 2023, although executives caution that past inventory will no longer provide support, indicating increased production pressure ahead.
- Backlog Reduction: The company has reduced its backlog of earlier-built 787 Dreamliners to about five aircraft, reflecting challenges in delivery due to a stockpile accumulated from years of production disruptions.
- Production Line Expansion: Boeing expects to achieve most of its narrowbody delivery goals by accelerating production in the Seattle area and activating a fourth final assembly line in Everett, Washington, projecting a roughly 12% increase from 2025.
- Market Performance: While Boeing has not issued formal revenue or delivery guidance, management indicated that total aircraft shipments should rise by around 10% this year, with deliveries of the 787 Dreamliner expected to be between 90 and 100 units, highlighting its profitability potential.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 252.43 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 248.430
Low
150.00
Averages
252.43
High
285.00
Current: 248.430
Low
150.00
Averages
252.43
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
