Boeing stock gains on Bank of America buy rating and 270 USD target

Boeing Company (The) stock (ISIN US0970231058) closed at USD 198.20 on the NYSE on September 18, 2026, up 0.61% from the prior close as investors reacted to renewed analyst support and continued operational headlines in the aerospace group.

Analyst backing lifts Boeing stock

According to The Globe and Mail on September 19, 2026, Bank of America Securities analyst Ronald Epstein reiterated a Buy rating on Boeing and set a price target of USD 270.00, while the shares had closed the previous trading day at about USD 197.00.

The same analyst overview cites a consensus price target of USD 274.67 for Boeing with a Strong Buy consensus rating, implying roughly 35.8% upside from the recent share price and highlighting that a broad group of analysts continues to expect recovery in earnings and cash flow over the coming years.The Globe and Mail

Valuation, price history and market performance

Per data summarized by MarketBeat as of the closing auction on September 18, 2026, Boeing stock was quoted at USD 198.38 on the NYSE, representing a decline of 8.6% year to date from USD 217.07 at the beginning of 2026 and underlining that the shares still trade below their early-year level despite recent gains.MarketBeat

The same MarketBeat overview notes that Boeing has an average analyst rating score of 2.52 on its internal scale, based on 1 strong buy, 13 buy, 6 hold and 3 sell ratings, as well as a consensus price target of USD 272.45, implying about 37.3% upside from the USD 198.38 quote and placing the shares in the upper half of the sector in terms of expected return.MarketBeat

Recent fundamentals and recovery expectations

In the latest available full-year data, Boeing reported earnings per share of USD 2.77 on a trailing basis, and research compiled by GetStockReport indicates that despite this modest profitability the shares trade at a trailing price-to-earnings multiple of 71.6 times, while 37 analysts see around 39% upside over their forecast horizon.GetStockReport

That combination of a high trailing multiple and sizeable projected upside reflects the market's assumption, documented in the same GetStockReport research, that higher production rates and improved delivery reliability will translate into billions of dollars in free cash flow despite ongoing headwinds in regulatory approvals and aircraft delivery schedules.GetStockReport

Operational backdrop and risks

A broader sector report from Interesting Engineering on September 19, 2026 notes that Boeing shares were trending after an eventful week including a record aircraft order from Korean Air, progress on 737 MAX certification and maintenance programs, and comments from CEO Kelly Ortberg on production challenges, with the stock still trading near recent lows.Interesting Engineering

The same report highlights that Boeing completed all flight testing for the 737 MAX 10 and aims to secure certification very soon, according to comments cited from a senior executive, which investors view as a key milestone for unlocking additional delivery volumes but also as a reminder that regulatory oversight remains a central risk factor for the investment case.Interesting Engineering

Stock level and investor takeaway

As of the last completed trading day on September 18, 2026, Boeing stock was changing hands at around USD 198.20 on the NYSE, leaving the shares below their level at the start of the year but with analyst price targets in the USD 270 to USD 275 range pointing to potential upside if production, certification and cash generation unfold as expected.

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