Boeing (BA) Stock Flashes Green — FAA Approval, Record Deliveries, Big Forecast

TLDR

• Boeing forecasts demand for 43,625 new commercial aircraft between 2026 and 2045, with single-aisle jets making up over 75% of deliveries.
• The global commercial fleet is projected to grow nearly 80% to more than 50,000 aircraft by 2045.
• Boeing delivered 64 jets in June, its strongest first half since 2018.
• The FAA restored Boeing’s authority to self-certify airworthiness for the 737 MAX and 787.
• Swiss National Bank raised its Boeing stake by 7.6% in Q1, adding 163,000 shares worth roughly $457 million.

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Boeing opened at $214.38 on Friday, with a market cap of $169 billion and a 12-month range of $176.77 to $254.35.

The Boeing Company, BA

The company released its long-term market outlook ahead of the Farnborough International Airshow, projecting demand for 43,625 new commercial aircraft through 2045. Single-aisle jets lead the way, accounting for more than three-quarters of expected deliveries.

Boeing expects the global commercial fleet to grow nearly 80% to over 50,000 aircraft by 2045. Global passenger traffic is projected to grow around 4% annually, doubling over the period.

About half of the projected deliveries are replacement aircraft as airlines swap older jets for more fuel-efficient models. The global single-aisle fleet alone is expected to nearly double to more than 36,000 aircraft.

Low-cost carrier fleets are projected to grow nearly 4% annually through 2045, compared to roughly 3% for traditional network carriers. Boeing points to expanding route networks, with carriers adding nearly 5,500 new airport pairs since 2015.

Cargo is part of the picture too. Boeing forecasts air cargo traffic growing 3.7% annually through 2045, with demand for more than 2,900 new and converted freighters. Cross-border e-commerce and supply chain resilience are cited as key drivers.

Boeing also estimates a $4.9 trillion commercial aviation services market through 2045, covering maintenance, training, digital services and repairs.

Deliveries and FAA Progress

On the operational side, Boeing delivered 64 jets in June — its best first-half delivery performance since 2018. That’s a number investors will be watching closely ahead of quarterly earnings on July 28.

The FAA also reinstated Boeing’s authority to self-certify airworthiness for the 737 MAX and 787 — a key approval the company lost following the MAX crashes. Boeing is also reported to be nearing certification milestones for the 737 MAX 7 and MAX 10.

In Q1, Boeing reported EPS of -$0.20, beating the consensus estimate of -$0.68 by $0.48. Revenue came in at $22.22 billion, up 14% year-over-year and just above the $22.15 billion estimate.

Analyst Ratings and Institutional Activity

Swiss National Bank raised its Boeing position by 7.6% in Q1, buying 163,000 additional shares. Its total holding now stands at 2.3 million shares worth approximately $457 million.

Institutional investors and hedge funds hold 64.82% of Boeing stock. The average analyst rating is “Moderate Buy” with a consensus price target of $261.53.

Citigroup raised its price target from $256 to $260 with a Buy rating. Wolfe Research maintained an Outperform rating with a $275 target. Morgan Stanley holds an Equal Weight rating with a $250 target.

Boeing is also targeting a potential 100-jet deal with SMBC. Airbus, meanwhile, secured major orders from Chinese airlines, a market where Boeing continues to face headwinds.

Director Bradley D. Tilden purchased 1,370 shares at $218.50 each on May 20, totaling $299,345.