Boeing Surges as Analysts Rally Behind 737 Max 7 Certification

Boeing has achieved its highest level of analyst support since 2022 following the recent green light for certification from the Federal Aviation Administration (FAA) of its 737 Max 7 model. According to consensus forecasts from Bloomberg, 84.4% of analysts recommend buying shares in Boeing, with a net balance of 27 favorable recommendations and no sell suggestions.

This percentage is the highest since 2022 when 86.4% of experts advised buying shares of the American aerospace manufacturer. The certification of the 737 Max 7 represents a significant step for Boeing's production, which has been marked by two fatal accidents and various quality issues over nearly ten years.

The next milestone for the company is to achieve approval for the Max 10, a larger version with capacity for 230 passengers that faces competition from Airbus' A321neo in the market. Meanwhile, Boeing's shares closed yesterday's trading session at $199.7 per share, down by 0.4%, and have accumulated a revaluation of +2.9% so far this year.