Jefferies Maintains Buy Rating on Boeing Amid MAX 10 Certification Uncertainty

Jefferies has maintained its Buy rating for Boeing stock with a price target of USD 265, according to a report from GuruFocus on October 3, 2026. The recommendation comes amid ongoing developments regarding the certification of Boeing's 737 MAX 10. The Federal Aviation Administration recently found that a cockpit software issue did not pose a safety risk, as pilots retain full control. However, the certification process remains on hold, with Jefferies expecting certification by the end of 2026 and deliveries in 2027.

Boeing's financial performance showed mixed results in the second quarter of 2026. Revenue rose 8.00 percent year over year to USD 24.56 billion, surpassing the USD 24.05 billion consensus estimate. The company delivered 171 commercial aircraft, its highest quarterly total since 2018. Despite revenue growth, Boeing reported a core loss per share of USD 0.76, worse than the expected USD 0.34 loss. Free cash flow reached USD 631 million, and the company maintained its full-year outlook of USD 1 billion to USD 3 billion.

Boeing's stock was trading at EUR 172.53 on October 5, 2026, up 0.48 percent from the prior close of EUR 171.70. On the NYSE, the stock was last at USD 193.56 on October 2, 2026, within a 52-week range of USD 176.77 to USD 254.35. The company's market capitalization stands at USD 153.0 billion. Investors will closely watch Boeing's third-quarter results, scheduled for release on October 27, 2026.