Should You Buy Boeing Co (BA) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Buy
Latest Price
234.040
1 Day change
-3.13%
52 Week Range
254.350
Analysis Updated At
2026/01/28
BA is a BUY right now for a beginner long-term investor with $50k–$100k, despite short-term choppiness. The stock is pulling back into a nearby support zone (~$241 to ~$237) after strong Q4 operational/FCF updates and a wave of upward price-target revisions (mid/high $200s). Execution risk remains (notably defense/program delays), and both hedge funds and Congress have been net sellers recently, but the multi-year commercial backlog/production normalization narrative is still improving and is what Wall Street is increasingly underwriting.
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Technical Analysis
Trend: Bullish-to-neutral. Moving averages are bullish (SMA_5 > SMA_20 > SMA_200), suggesting the larger trend is up. However, momentum has softened: MACD histogram is negative (-0.186) and negatively expanding, which often accompanies short-term pullbacks.
Current positioning vs levels: Price ~239 is below the pivot (246.97) and slightly below S1 (241.01), sitting close to S2 (237.33). That places BA in a near-term support pocket ($237–$241). RSI_6 ~49 is neutral, implying no immediate overbought/oversold condition.
Implication: Technically, this looks like an uptrend undergoing a digestion/pullback; buying near current levels is defensible for long-term investors, with the next resistance zone around ~$247 then ~$253–$257.
Options Data
Bullish
Open Interest Put-Call Ratio
Bearish
Option Volume Put-Call Ratio
Sentiment read: Open interest put/call at 0.86 is call-leaning (positioning skewed more bullish over time). But the option *volume* put/call at 1.22 shows heavier put trading *today/near-term*, consistent with hedging or short-term caution after recent moves.
Activity/volatility: Total volume is elevated (today vs 30D avg ~118%), suggesting strong interest and active repricing around recent earnings/production updates. IV (30D ~30.73) is close to historical vol (~31.33) with a low-ish rank (IV rank ~11.76), implying options are not priced for extreme moves; this is more consistent with a gradual grind higher if execution continues rather than a highly binary setup.
Technical Summary
Sell
7
Buy
6
Positive Catalysts
- Q4 revenue/FCF surprise: Revenue rose strongly and free cash flow came in positive ($375M in Q4 per news), supporting the "turnaround" narrative and debt reduction.
- Production stabilization: 737 holding at 42/month and 787 up to 8/month signals improving operational cadence.
- Record backlog: Backlog reported at a record ~$692B (news), improving multi-year visibility.
- Long-cycle demand tailwinds: Boeing’s 20-year outlook still implies strong demand (e.g., India/South Asia needing thousands of aircraft), supporting delivery runway.
- Event-driven/attention: Notable spike in options activity (news), which often accompanies increasing investor engagement and liquidity.
Neutral/Negative Catalysts
- Profitability volatility: Latest quarter snapshot shows sharp YoY declines in net income/EPS/margins despite revenue growth, highlighting uneven earnings quality.
Financial Performance
Latest quarter: 2025/Q4.
Growth: Revenue increased to $23.948B, up +57.12% YoY (strong top-line rebound).
Profitability: Net income dropped to $8.134B (down -307.34% YoY), EPS dropped to 10.12 (down -290.58% YoY), and gross margin fell to 7.57 (down -172.58% YoY). Despite the strong revenue trend, the quarter shows material volatility/pressure in reported profitability and margins (consistent with a turnaround still normalizing).
Cash flow (from news): Free cash flow was positive at ~$375M in Q4, which is an important improvement signal for long-term holders focused on balance-sheet repair and future normalized FCF.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Trend: Increasingly bullish with multiple price-target raises and reiterated Buys/Overweights into late Jan 2026.
Recent changes:
- 2026-01-28 Citi: PT raised to $290 (from $270), Buy; frames a path to $15B–$20B FCF by 2030.
- 2026-01-28 UBS: PT raised to $285 (from $275), Buy; emphasis on quality/production stability and normalized FCF valuation.
- 2026-01-06 Bernstein: PT raised to $277, Outperform; calls Boeing a top pick.
- 2025-12-29 Tigress: Initiated/reiterated Buy, PT $275.
- 2025-12-19 JPMorgan: PT $245, Overweight.
- 2025-12-09 Goldman: Buy, PT $257.
Wall Street pros view (Pros): multi-year backlog visibility, production normalization, improving transparency, and a longer-term free-cash-flow inflection underpinning higher valuation.
Wall Street cons view (Cons): execution risk remains (especially defense/fixed-price programs), and the re-rating already started—continued upside depends on sustained delivery cadence and cash generation.
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 USD and a high forecast of 285 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
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 USD and a high forecast of 285 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.
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 241.590
Low
150
Averages
252.43
High
285
Current: 241.590
Low
150
Averages
252.43
High
285
JPMorgan
Overweight
maintain
$245 -> $270
AI Analysis
2026-01-28
New
Reason
JPMorgan
Price Target
$245 -> $270
AI Analysis
2026-01-28
New
maintain
Overweight
Reason
JPMorgan raised the firm's price target on Boeing to $270 from $245 and keeps an Overweight rating on the shares. The company's earnings report "was the bridge to normalized cash flow" in 2026 and the path to high single digits, which is encouraging, the analyst tells investors in a research note. The firm says Boeing will see growth from higher production rates, so getting its free cash flow to solidly above $10B is not a stretch. However, it will take a few years of "grinding away on execution to unlock all of this potential," contends the firm.
Morgan Stanley
Equal Weight
maintain
$235 -> $245
2026-01-28
New
Reason
Morgan Stanley
Price Target
$235 -> $245
2026-01-28
New
maintain
Equal Weight
Reason
Morgan Stanley raised the firm's price target on Boeing to $245 from $235 and keeps an Equal Weight rating on the shares. Boeing's updated outlook reflects lower near-term free cash flow due to persistent "one time" cash headwinds, but the firm's updated price target reflects confidence in long-term free cash flow despite the near-term pressures, the analyst tells investors in a post-earnings note.
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