Boeing Stock Sees Boost from Consensus 'Moderate Buy' Recommendation

Boeing's stock has received a consensus recommendation of 'Moderate Buy' from twenty ratings firms, according to MarketBeat. Analysts have been upgrading their predictions for the company, with BNP Paribas Exane recently upping its target price from $230.00 to $300.00.

The FAA certification of Boeing's 737 MAX 7 removed a major regulatory hurdle after years of delays. This could allow deliveries to begin before passenger service is expected in 2027, creating a future source of revenue and cash flow.

Boeing has also seen strong aircraft demand benefiting suppliers amid constrained availability. The company's popular aircraft are reportedly attracting orders even before production is completed.