Boeing (BA) Stock: China Deal, FAA Approval and New Orders Lift Outlook – Time to Buy?

TLDR

• Boeing received FAA approval to open a new 737 MAX assembly line in Everett, WA, targeting production of 52 jets per month by early 2027.
• U.S. Treasury officials suggest China could buy an additional 500–550 Boeing aircraft, possibly timed around a September Xi visit.
• Singapore Airlines is exploring an order for at least 50 widebody jets, including the Boeing 777X.
• Boeing’s Q1 results beat estimates, posting a loss of $0.20/share vs. the expected $0.68, with revenue up 14% YoY to $22.22 billion.
• Wall Street holds a “Moderate Buy” consensus with an average price target of $259.80; the stock traded at $215.72 on Friday.

Boeing (BA) stock is trading at $215.72, down 0.8% on Friday, even as a string of positive developments continues to build around the company.

The Boeing Company, BA

The FAA has approved Boeing to open a new 737 MAX final assembly line in Everett, Washington. Production is set to begin on July 6. The goal is to lift monthly output from 47 to 52 jets by early 2027. CEO Kelly Ortberg has been clear that the ramp will be measured — quality control comes first.

On the delivery front, Boeing handed over the first two 787-9 Dreamliners to Riyadh Air, part of an order for up to 72 aircraft. United Airlines took delivery of the first higher-weight iMTOW 787-9, which opens up longer, heavier routes from San Francisco.

Boeing’s most recent quarterly earnings also came in better than expected. The company posted a loss of $0.20 per share against analyst estimates of a $0.68 loss. Revenue came in at $22.22 billion, slightly above forecasts and up 14% year over year.

China Looms Large

The China angle is the one investors are watching most closely. A recent deal was seen as modest — roughly 200 jets — and the market treated it as underwhelming. But U.S. Treasury officials have since suggested Beijing could eventually purchase an additional 500–550 aircraft. A possible catalyst: President Xi’s expected U.S. visit in September.

China’s continued reliance on U.S.-made parts for its own C919 jet program adds another layer of leverage to the relationship. That backdrop has helped fuel a sharp rebound in Boeing’s stock price in recent weeks.

Meanwhile, Singapore Airlines confirmed it is exploring a purchase of at least 50 large-cabin jets. The airline has its eye on the Boeing 777X and the Airbus A350-1000. Talks are in early stages.

Headwinds Remain

Not everything is running smoothly. German investigators have opened a probe into a Boeing 787 nose-gear collapse at Frankfurt airport, which injured several workers. The incident has revived questions about Boeing’s quality controls on the 787 program.

NASA has also placed the Starliner spacecraft “under review” following its troubled crewed mission. Future flights are likely to be uncrewed, and the timeline is tight given the ISS’s planned retirement before 2030.

The 777X program remains a sore point. Deliveries have been pushed to next year — roughly seven years behind schedule. Some airlines have turned to Airbus to fill the gap.

ING Groep NV raised its Boeing position by over 2,000% in Q4, adding 736,861 units to bring its total to 772,400. Vanguard and Geode Capital also increased their stakes during the same period. Institutional investors now own 64.82% of the stock.

Analyst targets range from $250 (Wells Fargo, Morgan Stanley equal-weight) to $295 (Tigress Financial, Jefferies buy). The consensus sits at $259.80, implying roughly 20% upside from current levels.

Boeing’s 1-year trading range is $176.77 to $254.35, with a 50-day moving average of $220.80.

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