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Investing.com - Bernstein SocGen Group has raised its price target on Boeing (NYSE:BA) to $287.00 from $282.00 while maintaining an Outperform rating following the aircraft manufacturer’s second-quarter earnings report. The new target represents potential upside from the current price of $226.08, though InvestingPro analysis suggests the stock is trading above its Fair Value.
Boeing reported core earnings per share of -$1.24 for the second quarter, exceeding consensus expectations of -$1.40. The company posted revenues of $22.75 billion, surpassing analyst projections of $21.68 billion. With trailing twelve-month revenue of $69.44 billion and a market capitalization of $170.83 billion, Boeing maintains its position as a prominent player in the Aerospace & Defense sector, despite InvestingPro data indicating weak financial health scores.
Free cash flow came in at -$200 million, significantly better than the consensus forecast of -$1.8 billion, continuing the strong cash flow momentum observed in the first quarter. Boeing has updated its full-year free cash flow guidance to approximately -$3 billion.
Bernstein considers this guidance conservative and has adjusted its own estimate to -$2.7 billion. Both projections include an assumed $700 million Department of Justice settlement payment.
The analyst noted that the second-quarter performance was partly driven by high 777F deliveries, with additional inventory deliveries of 737 and 787 aircraft expected to boost free cash flow in the second half of the year. The stock has shown strong momentum with a 26% gain over the past six months, despite operating with moderate debt levels and a beta of 1.4.
In other recent news, Boeing reported its second-quarter 2025 earnings, revealing a significant revenue increase to $22.7 billion, surpassing analyst forecasts of $21.45 billion. The company also reported a core loss per share of $1.24, which was better than the anticipated loss of $1.40. Despite these positive financial results, Barclays (LON:BARC) raised its price target for Boeing from $210 to $255, maintaining an Overweight rating on the stock. The firm noted a surprising market reaction to Boeing’s earnings, which they did not believe justified the stock’s movement. Additionally, Boeing secured a $37.9 million contract to provide Simulator Integration Kits and other items for P-8A Canada Training Systems. This contract involves planning, coordinating, and delivering necessary hardware and support. These developments reflect Boeing’s ongoing business activities and analyst perspectives.
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