Boeing Co. shares rose Monday after an analyst upgrade signaled renewed confidence in the plane maker’s recovery trajectory.
The stock gained 1.8% to $204.55, outperforming the broader S&P 500’s 0.2% increase, after Freedom Capital raised its rating on Boeing to Buy from Hold and its price target was lifted to $223 from $217.
The upgrade follows Boeing’s third-quarter results, which showed progress in operational recovery despite continued pressure from cost overruns and delays in the 777X program. For the first time since late last year, Boeing posted positive free cash flow, a milestone analysts viewed as a sign of improving fundamentals even as earnings fell short of expectations.
“Operational performance is stabilizing, and cash flow momentum is turning positive,” Freedom Capital analysts wrote in a note. “While challenges remain, the risk-reward profile has improved.”
Boeing shares have retreated from an October peak near $223 after disappointing quarterly results, but sentiment among analysts remains bullish. About 81% of analysts covering the company rate it a Buy, compared with an average of roughly 55% across the S&P 500, according to FactSet. The average price target sits near $255, only slightly lower than before the earnings report.
Analysts see long-term upside as Boeing works through supply-chain constraints and prepares for major aircraft deliveries in 2025.
Featured CoursesRecent news
CoreWeave Stock Sinks 6.4%: Is Its Debt Killing AI Growth?
CoreWeave delivered a strong top-line quarter. The guidance that followed sent the stock sharply lower. Shares fell 6.4% in premarket trading Friday after the AI cloud company posted first-quarter revenue that beat expectations but issued a second-quarter profit outlook that fell well short of what Wall Street was looking for. Here is what the numbers […]
Cloudflare Stock Sinks 18% on 1,100 Layoffs Despite Earnings Beat
Cloudflare just delivered one of its strongest quarters on record. Investors sold the stock anyway. Shares dropped roughly 18% in extended trading Thursday after the company announced it was cutting approximately 1,100 employees, about 20% of its global workforce, even as first-quarter results cleared Wall Street expectations on every major metric. Here is what the […]
Is Nvidia’s IREN Deal Genius or a Red Flag?
Nvidia’s investment playbook is drawing scrutiny and pushing its stock higher at the same time. Shares climbed 1.2% in premarket trading Friday after the chipmaker announced an AI infrastructure partnership with IREN. Critics call the deal circular. Analysts call it smart. The agreement puts five gigawatts of AI infrastructure across IREN’s data centers. Nvidia gets […]
Trade with fewer limits
Day trade with fewer limits at fast speed. Buy stocks and ETFs at low fees.