TD Cowen maintains Boeing stock Buy rating, $180 target

On Thursday, TD Cowen reaffirmed its confidence in Boeing stock (currently trading at $171.79), maintaining a Buy rating and a price target of $180.00. With a market capitalization of $129.4 billion, Boeing remains a prominent player in the aerospace sector, though according to InvestingPro data, 11 analysts have recently revised their earnings expectations downward for the upcoming period. The endorsement comes after Boeing’s first-quarter results showed promising signs of progress. The aerospace giant reported an increase in aircraft deliveries and expressed confidence in meeting its production and delivery targets for the 737 and 787 models in the second half of the year. Additionally, Boeing successfully divested a non-core asset at a favorable multiple, suggesting efficient capital management.

Despite the ongoing trade tensions between the United States and China, which have prevented Chinese airlines from taking delivery of Boeing aircraft, the company remains optimistic. Chinese carriers account for 10% of Boeing’s Commercial Airplanes (BCA) backlog. With annual revenue of $66.5 billion and operating with moderate debt levels, Boeing faces these challenges from a position of relative financial stability. For deeper insights into Boeing’s financial health and future prospects, InvestingPro offers exclusive analysis through its comprehensive Pro Research Report, one of 1,400+ available for top US stocks. Boeing had planned to deliver 50 aircraft to Chinese airlines from the second to the fourth quarter of 2025, with 29 fully built and 11 partially constructed. Boeing is now seeking to re-market these aircraft to non-Chinese customers, which will require modifications such as new paint jobs and interiors. Although the timeline for replacing these customers is uncertain, Boeing believes there is sufficient demand to do so. The 50 aircraft represent a value of over $1 billion.

Boeing also stood by its Commercial Market Outlook (CMO) targets for 2025, confirming production and delivery goals for its main commercial jets. The company aims to increase the 737 production rate to 38 per month from the current low 30s and expects to ramp up the 787 production rate to 7 per month in the coming months, an increase from the current rate of 5 per month. For the calendar year 2025, Boeing anticipates delivering approximately 400 units of the 737 model and between 75 to 80 units of the 787.

The aerospace manufacturer’s forward-looking statements demonstrate a commitment to overcoming current market challenges and leveraging opportunities for growth. Boeing’s management of its extensive backlog and production targets showcases its strategic approach to navigating complex global trade dynamics and maintaining its production cadence. However, InvestingPro’s analysis indicates a WEAK overall Financial Health Score, suggesting investors should closely monitor the company’s execution of these ambitious plans. Get access to over 30 key financial metrics and exclusive ProTips to make more informed investment decisions.

In other recent news, Boeing Co (NYSE:BA). reported its first-quarter 2025 earnings, showcasing a notable improvement over analyst expectations. The company reported a core loss per share of $0.49, significantly better than the forecasted loss of $1.25. Revenue reached $19.5 billion, slightly surpassing the anticipated $19.49 billion, marking an 18% increase year-over-year. Additionally, Boeing secured a major contract for the F-47 fighter aircraft, further bolstering its defense business. The company also announced plans to ramp up production of its 737 MAX to 38 units per month, with further increases anticipated. In terms of portfolio adjustments, Boeing entered into an agreement to sell portions of its digital aviation solutions business for $10.55 billion. Analyst firms have shown confidence in Boeing’s strategic approach, with the company targeting a return to high single-digit margins in its defense sector. These developments reflect Boeing’s ongoing efforts to stabilize and enhance its operational performance.

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