Boeing Company (The) (BA) Stock Price & How to Invest

Boeing (BA) is one of the two dominant manufacturers of large commercial aircraft in the world and a major US defense, space, and security contractor. Its commercial airplanes division builds jets like the 737, 787, 777, and the in-development 777X, sold to airlines and lessors globally, generating revenue from aircraft deliveries and aftermarket services. Its defense, space and security division builds military aircraft, satellites, weapons systems, and space hardware for the US government and allies. A third segment, Global Services, provides maintenance, parts, modifications, and support for both commercial and military fleets, offering steadier, higher-margin recurring revenue. Boeing operates in a global duopoly with Airbus in large commercial jets, a market protected by enormous barriers to entry, multi-year order backlogs, and high switching costs. However, the company has faced years of difficulty: the 737 MAX grounding, production quality and safety issues, supply-chain strain, and significant losses and debt. Founded in 1916 and headquartered in Arlington, Virginia, Boeing is a large-cap industrial whose recovery hinges on stabilizing production and rebuilding trust.

The recovery is visible in volume but not yet in profit. Revenue rose from about $66.5 billion in 2024 to about $89.5 billion in 2025, and full-year 2025 net income was about $1.9 billion, the first annual profit after losses in 2022 through 2024, helped by an unusually large fourth-quarter profit of about $8.1 billion. In 2026 the losses returned on a quarterly basis: the second quarter (ended June 30) brought revenue of about $24.6 billion, up 8% year over year, 171 commercial deliveries, and free cash flow of about $631 million, but a core loss of $0.76 per share against a consensus loss of about $0.31, including about $280 million of charges on the VC-25B presidential aircraft program. CEO Kelly Ortberg cautioned that lifting 737 output from 52 to 57 a month would get harder. On the defense side, the Air Force picked Boeing to develop the F-47 fighter and the Navy chose it over Northrop Grumman for its sixth-generation carrier fighter. In October 2026 Boeing reached a new contract with about 17,000 SPEEA engineers and technical workers, averting a strike. The shares closed near $189.63 on October 16, 2026, down about 17% year to date and about 10% over the past year, for a market value near $150 billion; a late-September report of a 737 MAX software issue knocked the stock down nearly 7% in a day before the FAA said it was not a safety concern. Third-quarter results are due October 27, 2026, with consensus at a loss of about $0.20 per share on roughly $24.4 billion of revenue.

Boeing has endured years of crises: the 737 MAX grounding after two fatal crashes, ongoing production-quality and safety incidents, regulatory scrutiny from the FAA, and supply-chain constraints, all of which have slowed deliveries and produced large losses. It still lost money in each of the first two quarters of 2026, and the second-quarter loss of $0.76 per share was more than twice what analysts expected. The balance sheet carries about $48 billion of debt against roughly $19 billion of cash, accumulated through these troubles. The 777X has faced repeated delays, and several defense programs have run fixed-price losses, including the VC-25B presidential aircraft. Management has warned that raising 737 output from 52 to 57 a month will be harder, and supply-chain problems could cause snags. Rebuilding regulator, airline, and public trust is slow, and any new safety or quality lapse is costly to reputation and finances, as the late-September 737 MAX software report showed. Several analysts, including Morgan Stanley and RBC, cut price targets in October 2026, citing cash-flow visibility and defense budget uncertainty. The stock is volatile and has been under pressure as the turnaround drags on.

27 analysts publish price targets on BA, averaging $268.15 against a $190.21 price as of October 2026, or +41.0%. The published targets run from $206.00 to $305.00, a moderate spread, and the ratings split 25 buy, 4 hold, 0 sell. Over the last six months there have been 4 raises and 5 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full BA forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Boeing Company (The). Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Commercial duopoly and backlog. Boeing and Airbus together dominate large commercial aircraft, a market with enormous barriers to entry and multi-year order backlogs. The most optimistic published target, $305.00, assumes this works close to its best case.

The case against. Boeing has endured years of crises: the 737 MAX grounding after two fatal crashes, ongoing production-quality and safety incidents, regulatory scrutiny from the FAA, and supply-chain constraints, all of which have slowed deliveries and produced large losses. The most pessimistic target, $206.00, is roughly what BA is worth if this bites instead.

Read the full bull and bear case on BA, including what would have to change to break either one. Walnut is not an investment adviser.

No. Boeing Company (The) (BA) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Boeing Company (The)'s investor relations page or your broker.

• Revenue (TTM): ~$94 billion; Q2 2026 ~$24.6 billion (up ~8% YoY)
• Operating margin: Roughly breakeven (TTM); gross margin ~5%
• Earnings: TTM net income ~$2.1 billion (EPS ~$2.80), but Q1 and Q2 2026 were losses; Q2 core EPS -$0.76 vs ~-$0.31 expected
• Free cash flow: ~$5.6 billion (TTM); Q2 2026 ~$631 million
• Debt and cash: ~$48 billion debt vs ~$19 billion cash
• Commercial deliveries: 171 in Q2 2026, the most in a quarter since 2018
• Market cap: ~$150 billion at ~$189.63 per share
• Dividend yield: None (suspended)

Boeing is a turnaround story, so trailing earnings and P/E (about 68x trailing, 50x forward) are distorted by one-off items and recent quarterly losses. Investors value it on the duopoly franchise, the enormous backlog, and the potential for free cash flow to recover as production stabilizes; analysts expect a 2026 loss of about $1.10 per share and EPS near $3.77 in 2027. The consensus rating is buy with an average target near $268, but several firms trimmed targets in October 2026 ahead of the October 27 report, and the valuation reflects a wide range of outcomes and high execution risk.

If you want BA exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses BA naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to BA: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get BA exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (PFF, PPA, ITA), which spreads the position across many companies. Or build it into a focused thematic portfolio, so BA sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where BA fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Boeing (BA) is a protected commercial-aircraft duopoly with a multi-year, thousands-of-jets backlog whose value rests on free cash flow recovering as production stabilizes and deliveries ramp. Deliveries hit 171 jets in the second quarter of 2026, the most in a quarter since 2018, yet the company still posted quarterly losses in 2026 and the shares fell about 17% this year. In a portfolio it behaves as a volatile, high-execution-risk industrial turnaround with no dividend, where any new safety or quality lapse is costly, rather than a defensive holding.

Whether BA is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is BA a buy or a sell?, and where the stock could go from here in the BA stock forecast.

For income investors, whether BA pays a dividend and how the payout looks is covered in does BA pay a dividend? And to weigh BA against a peer, read the full side-by-side comparisons: BA vs SPCX and BA vs RKLB.