Tue Sep 17 06:14:51 UTC 2024: ## Boeing’s Earnings Outlook Upgraded, Stock Remains “Moderate Buy”

**New York, NY – September 17th, 2024** – The Boeing Company (NYSE: BA) is seeing a boost in its Q1 2026 earnings forecast from analysts at Zacks Research. Analyst R. Department has raised their estimate to $1.68 per share, up from $1.61. This positive outlook comes despite the company’s recent Q2 earnings miss, where they reported a loss of $2.90 per share versus an expected loss of $1.00.

Despite the missed earnings, Boeing’s stock has received a “Moderate Buy” rating from MarketBeat. This is based on a consensus of analyst opinions, with 13 analysts issuing “Buy” ratings, 7 issuing “Hold” ratings, and 3 issuing “Sell” ratings. The average target price for the stock is $211.29.

While UBS Group reduced their price target to $240.00, other analysts remain bullish. Bank of America raised their price target to $200.00, Baird R W assigned a “strong-buy” rating, and Susquehanna reaffirmed a “positive” rating with a $230.00 price target.

The recent earnings miss can be attributed to a 14.6% decrease in revenue compared to the same quarter last year. However, the company’s strong backlog and focus on commercial aircraft production are seen as positive indicators for future performance.

Institutional investors are also showing continued interest in Boeing. EverSource Wealth Advisors LLC, Davis R M Inc., Chicago Partners Investment Group LLC, Madison Park Capital Advisors LLC, and Angeles Wealth Management LLC all increased their holdings in the company during recent quarters.

Overall, while Boeing faces challenges, analysts remain optimistic about the company’s long-term prospects. The upgraded earnings forecast and positive analyst sentiment suggest that investors may find value in Boeing’s stock despite recent struggles.

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