Boeing's Production Volumes Likely To Improve Throughout 2025: Goldman Sachs

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Goldman Sachs analyst Noah Poponak has a price forecast of $213 and a Buy rating for Boeing Company BA amid Wednesday’s announcement of monthly deliveries update.

The company reported 44 airplane deliveries for February,  surpassing the delivery numbers from early 2024.

In particular, Boeing delivered 32 planes from its Renton-built 737 family, including 31 of its 737 MAX jets. It also booked 13 new gross orders for the 737 MAX in February.

The analyst notes that new aircraft orders remained strong, with a substantial new aircraft order backlog relative to supply.

February shows steady improvements after a strong January, and Boeing appears on track for its planned production ramp-up in 2025, according to the analyst.

Poponak expects production volumes to continue improving throughout 2025.

The analyst estimates revenue of $82.2 billion in FY25, $95.3 billion in FY26, and $105.1 billion in FY27.

Investors can gain exposure to the stock via iShares U.S. Aerospace & Defense ETF ITA and First Trust Exchange-Traded Fund First Trust Indxx Aerospace & Defense ETF MISL.

Price Action: BA shares are up 0.18% at $159.09 at the last check Thursday.

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