Boeing Analysts Slash Their Forecasts Following Q3 Results

Benzinga Earnings10-28 21:04

Boeing Co. (NYSE:BA) on Tuesday reported third-quarter 2026 results that topped Wall Street’s revenue expectations but missed adjusted earnings estimates.

Boeing reported a core non-GAAP loss of 34 cents per share, compared with analysts’ expectations for a loss of 21 cents per share. Revenue rose 4% from a year earlier to $24.188 billion, exceeding the consensus estimate of $23.840 billion.

“Recent milestones, including certification of the 737-7 and 737-10 and selection to design and build the Navy’s sixth-generation fighter aircraft, are important steps as we continue building on our progress,” said Kelly Ortberg, Boeing president and chief executive officer. “But we are not done. We remain focused on safety and quality as we redouble our efforts on Lean and disciplined execution to deliver on our commitments and build the durable performance our stakeholders expect.”

Boeing shares rose 0.2% to $168.52 in pre-market trading.

These analysts made changes to their price targets on Boeing following earnings announcement.

  • Morgan Stanley analyst Kristine Liwag maintained the stock with an Equal-Weight rating and lowered the price target from $225 to $195.
  • Baird analyst Peter Arment maintained the stock with an Outperform rating and lowered the price target from $300 to $230.
  • Susquehanna analyst Charles Minervino maintained the stock with a Positive and lowered the price target from $285 to $250.
  • TD Cowen analyst Gautam Khanna maintained the stock with a Buy and cut the price target from $240 to $210.

Considering buying BA stock? Here’s what analysts think:

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