Key Stats for Boeing Stock
- 52-Week Range: $177 – $254
- Current Price: $226
- Street Target: $270
- Street High Target: $300
- Market Cap: $178.5 billion
- Q1 2026 Revenue: $22.2 billion, up 14% year over year
- Q1 2026 Net Loss: $7 million, narrowed from $31 million
- Total Backlog: record $695 billion
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A Turnaround That Hasn’t Fully Shown Up in the Stock Yet
Boeing’s (BA) first quarter told a clear story of progress. Revenue climbed 14% to $22.2 billion, driven by 143 commercial deliveries, enough to beat Airbus in quarterly handovers for the first time since roughly 2019.
The GAAP net loss narrowed to just $7 million, down from $31 million a year earlier, and operating cash flow improved sharply from negative $1.6 billion to negative $179 million. The backlog reached a record $695 billion, including more than 6,100 commercial airplanes.
Despite that, the stock trades around $226, about 11% below its 52-week high of $254.
The drawdown chart shows why investors are still cautious. Boeing spent the back half of 2025 recovering toward flat, only to fall into a steep drawdown of nearly 25% by late March 2026, right around the same window when the company was still working through 737 inspection issues.
Since then, the stock has clawed back to sit around 10% below its high, but the repeated pattern of recovery followed by another sharp pullback suggests a market that keeps waiting for confirmation before fully committing to the turnaround story.
If you want to see what the income statement recovery actually looks like quarter by quarter, TIKR gives you eight years of Boeing’s financials in one place. Pull up Boeing stock on TIKR for free →
Why Free Cash Flow Is the Number That Actually Matters Here
Boeing’s path back to a healthy balance sheet runs through cash flow, not the income statement, and that history has been rocky.
Free cash flow swung from negative $4.4 billion in 2021 to positive $2.3 billion in 2022 and $4.4 billion in 2023, before collapsing to negative $14.3 billion in 2024 during the 737 MAX 9 door plug crisis and the machinists’ strike.
It improved to negative $1.9 billion in 2025, and management is now guiding for full-year 2026 free cash flow of $1 billion to $3 billion, which would be Boeing’s first positive full year since before the pandemic-era production problems began.
That guidance depends on the execution, which the company has repeatedly struggled with in the past. The 737 line is targeting a move to 47 aircraft per month this summer, with a further step up to 52 per month once the new Everett North line comes online.
The 737 MAX 7 and MAX 10 variants are still awaiting certification, with first deliveries not expected until 2027, and the 777X program remains in flight testing.
Each of those milestones represents another chance for delay, which is exactly why the market has been slow to reward the improving numbers with a higher stock price.
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What Are Analysts Saying?
The Street Targets table shows how consensus has shifted alongside Boeing’s recovery. A year ago, the mean target sat around $224. It has since climbed steadily to around $270 as of July, with 17 buy ratings, 4 outperform ratings, 5 holds, and just 1 underperform rating among the 25 analysts covering the stock.
The high target sits at $300, while the low has moved up to $230, meaning even the most cautious analyst on the stock now expects it to hold above its current price.
At $270, the mean target implies roughly 19% upside from today’s price. That’s a meaningful gap, but a modest one relative to how far Boeing has already climbed off its lows, which suggests analysts see the recovery as real but not yet fully priced into estimates.
The consistent upward revision in the target over the past year, rather than the current number itself, is the more useful signal. It shows a Street that has been raising its confidence in Boeing’s execution quarter after quarter rather than making a single dramatic call.
Should You Invest in Boeing
Boeing’s fundamentals are moving in the right direction across nearly every measure that matters: deliveries, backlog, margins, and cash burn.
The stock’s failure to fully catch up reflects a market that has been burned before by Boeing’s certification delays and production setbacks, and wants to see the free cash flow guidance actually materialize before extending more credit.
Investors comfortable with that execution risk are buying into a recovery that analysts increasingly believe in, even if the price hasn’t caught up yet.
See analysts’ growth forecasts and price targets for Boeing stock (It’s free!) >>>
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
