Report: Barclays Predicts Boeing Stock Recovery After Turbulent Year

Analysts at the financial institution have upgraded corporation's shares from ‘equal weight’ to ‘overweight’ status.

Caleb Revill

Wednesday, January 08, 2025 at 10:23 AM ET

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Edited By:

Travis Tingle

A Boeing 777X at the Dubai Airshow [Credit: AirlineGeeks/William Derrickson]

Key Takeaways:

Barclays analysts have upgraded Boeing's stock outlook, predicting a potential recovery this year with a raised price target up to $210, and possibly $270-$290 in a best-case scenario.
This optimistic forecast is contingent on Boeing significantly increasing production and delivery rates for its 737 Max and 787 jets.
The prediction follows a difficult 2024 for Boeing, marked by a labor strike, intense government scrutiny over product quality and safety (including a 737 Max door plug incident), and a 34% drop in deliveries.
Despite these challenges, Boeing plans to boost production of its 737 and 787 jets this year to get back on track with delivery goals.

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Analysts at London-based multinational bank Barclays are speculating that Boeing’s stocks could be on the uptick to recovery this year.

According to a Barron’s report, analysts led by Barclays managing director David Strauss recently upgraded Boeing shares from “equal weight” to “overweight” status and lifted its price target from $190 to $210. The analysts wrote that in a best-case scenario, Boeing’s stock could skyrocket anywhere between $270 to $290 per share if the company can speed up production and delivery for its 737 Max and 787 jets.