Boeing Buy Rating and $270 Target Supported by 508 MAX Deliveries Forecast
Bank of America maintained a Buy rating on Boeing with a $270 price objective, highlighting stable growth in Boeing Global Services and defense and space programs supported by FY27 budget requests. Analysts forecast 508 737 MAX deliveries in 2026, anticipate production climbing to 47 per month by Q3, and a ramp to 10 787 Dreamliners per month.
1. Bank of America Maintains Buy Rating
Bank of America kept a Buy rating and $270 price objective on Boeing, noting incremental progress in the company's operational turnaround despite uneven recovery across divisions.
2. Segment Performance
Boeing Global Services continues as the most reliable earnings driver with stable growth, while defense and space programs benefit from munitions replenishment demand and fiscal year 2027 budget support for PAC-3 seekers, F-47, KC-46 and F-15EX programs.
3. Commercial Aircraft Division
Boeing Commercial Airplanes is stabilizing production rates across its portfolio, with clarity on future rate increases and expected post-pandemic order tailwinds set to contribute more than 30% of total deliveries after 2028.
4. 737 MAX and 787 Program Details
Production of the 737 MAX has stabilized at about 42 aircraft per month, with 508 deliveries forecast for 2026 and a planned increase to 47 per month in Q3, while the 787 program aims to ramp to 10 aircraft per month despite seat certification delays.