If aircraft manufacturer Boeing (NYSE:BA) were indeed making a comeback after its latest troubles, it would not be the first time. One questions if it would even be the last. But regardless, it seems to be doing just that, and analysts are weighing in on whether the latest pullback for Boeing means a buying opportunity in the making or one more step down. With Boeing down fractionally in the last minutes of the trading week, it’s not immediately clear how investors feel.
First came word from Morgan Stanley via analyst Kristine Liwag. Liwag noted that Boeing likely wasn’t out of the woods yet, with “…the market underappreciating the bear case for Boeing.” But it will be the Federal Aviation Administration (FAA) that will tell the whole story when it releases its Boeing Safety Culture Review report.
Meanwhile, TD Cowen analyst Cai von Rumohr noted that the Max 7 and 10 certifications would likely show up before July 2025. This is thanks mostly to Boeing’s move to avoid temporary exemptions connected to an anti-icing system on the planes’ engines. Von Rumohr also noted that the temporary production caps might actually help, as Boeing’s supply chain now gets time to catch up.
Boeing 9 Taking Off Again
The good news is that at least some of Boeing’s planes are making a comeback, as the Max 9 is starting to fly once more after the Alaska Airlines incident grounded the lot. Multiple sources—from Boeing itself to federal regulators and airlines—declare the planes safe now, though some lingering doubts may impact travel plans. But Boeing itself is looking to put more emphasis on safety and is taking advantage of the slowdowns in production—as well as the supply chain recovery—to improve the required processes.
What Is the Prediction for Boeing Stock?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 17 Buys and six Holds assigned in the past three months, as indicated by the graphic below. After a 1.69% rally in its share price over the past year, the average BA price target of $263.38 per share implies 25.95% upside potential.
