Boeing Analistleri 2022 ‘den Bu Yana En Çok Yükselişi "Momentum Değişimine" Döndü

Boeing Analysts Turn Most Bullish Since 2022 on ‘Momentum Shift’

Arvelisse Bonilla Ramos

Fri, August 14, 2026 at 1:30 PM GMT+3 4 min read

(Bloomberg) -- Boeing Co.'s efforts to turn around its business are getting a loud cheer from Wall Street, as analysts this week turned the most bullish on the company in nearly four years.

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Buy recommendations on the planemaker reached the highest share of total ratings since October 2022 on Tuesday, following back-to-back upgrades from Argus Research Corp. and BNP Paribas within a span of 10 days. Not one of the 32 analysts tracked by Bloomberg recommend selling the stock.

"This is Boeing's time to shine after several years of struggling," said Ivan Feinseth, chief investment officer and director of research at Tigress Financial. Feinseth too has a buy rating on the company and a Street-high price target of $305.

The rise in analyst optimism comes as Boeing last week won a long-awaited certification from the Federal Aviation Administration for its 737 Max 7 jet, ending a nearly decade-long process that was marred by two fatal crashes and quality lapses. Stephanie Pope, the company's chief executive officer, called it "a pivotal moment in Boeing's recovery."

Boeing shares have largely been treading water this year, up just about 6% as the broader market jumped 13%. The Paris-listed shares of its biggest rival, Airbus SE, have risen about 8% over the same period.

Meanwhile, the valuation at which Boeing's stock trades — about 1.7 times forward 12-month revenue — is above the 10-year average of 1.5.

Altogether, investors, for whom the journey over the past several years has been testing, remain cagey. As the company lurched from crisis to crisis — starting from the twin crashes, the Covid pandemic that brought air-travel to a virtual halt, and finally the blowout of a door panel in a mid-air flight — Boeing's stock had become a classic "show-me" story, with the road to recovery often appearing tenuous.

But sentiment started to turn slowly over the past year, eventually prompting BNP Paribas analyst Matthew Akers — who had the only sell-equivalent rating on the stock — to throw in the towel last week and slap one of highest price targets on the shares, saying the "post-Covid era of uncertainty for Boeing is over."

Akers also expects consensus estimates for Boeing free cash flow to start rising after falling "too far," and sees a path for the stock to almost double from its current levels by 2030.

Meanwhile, Argus analyst Kristina Ruggeri, who upgraded the stock to buy from hold on Tuesday, cited an expectation for a meaningful ramp in production.

Most importantly, Boeing, which is one half of a global duopoly in aircraft manufacturing along with Airbus, is all set to benefit from a multi-year boom in demand for commercial aircraft around the world, as well as rising defense spending. Just last month, the company reported strong results, including a free cash flow that was significantly above expectations.

"The market has been waiting for proof points on execution which have begun to materialize," said Joe Gilbert, portfolio manager at Integrity Asset Management.

The recent optimism aside, Boeing shares have a long way to go before touching the all-time-high of $440.62 they hit in March 2019. The stock is down nearly 50% since then, even as the S&P 500 rose about 180%, the Dow Jones Industrial Average doubled and Airbus shares advanced nearly 90%.

Analysts expect Boeing to report free cash flow of about $2.44 billion for this year, according to data compiled by Bloomberg. That compares with $13.6 billion in 2018. Similarly, the company is estimated to report a loss of 83 cents a share, versus a profit $16.01 per share in 2018.

Still, analysts and investors said the early signs of recovery are unmistakable.

"It may be too early to call it a 'new era,' but the momentum shift is palpable," said Eric Diton, president and managing director at the Wealth Alliance. "There has been a shift to positive momentum in the company this year after some really difficult years."

Here are other notable analyst calls and commentary this week:

• Apple Inc shares were downgraded to underperform at Jefferies over concern about the outlook for the company's iPhone. The company now has six sell-equivalent ratings according to data compiled by Bloomberg.

• BofA downgraded shares of AppLovin Corp. to neutral from buy, citing concerns about the company's growth outlook.

• Sandisk was upgraded to buy from hold at Argus on strong fundamentals for the computer hardware and storage company. In addition, recent weakness in the stock created an attractive entry point.

• Baird upgraded First Solar Inc to outperform from neutral, saying that the Section 32 tariff outcome is a catalyst for the stock.

• Barclays downgraded shares of Gap to equal-weight from overweight on a competitive apparel sector and continued pressure on consumers.

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