Bank of America has decided to raise the target price of Boeing’s shares to 260 dollars per sharewhich represents a potential of 23% with respect to the current price. At the same time, the financial entity has improved its recommendation on the actions of the airline, moving from ‘neutral’ to ‘buy‘.
Analyst Ronald Epstein stressed that various agreements, including a record order of Qatar Airways, together with the lifting of China’s prohibition to airlines to receive Boeing airplanes, they are contributing to restore confidence in manufacturer’s actions. These positive factors are generating a favorable impact on the valuation of the company, as reported ‘Bloomberg‘.
Under the direction of the current CEO, Kelly Ortberg, Boeing has managed to improve its production of 737 aircraft and has experienced a positive evolution in its financial results. In April, the company announced a significant, ten times lower reduction, of its net losses during the first quarter, which has been well received by investors and analysts in the sector.
In addition, Boeing has demonstrated solid performance in terms of aircraft deliveries since the beginning of 2025, surpassing its main competitor, Airbus, in the months of January and February. In the first four months of the year, the company has delivered a total of 175 units, which represents an increase of 78 aircraft compared to the same period of the previous year.