Boeing Stock Pops on Upgrade, Street-High Price Target

The analyst also raised its price target to a Street-high $260

Jake Scott

Deputy Editor

Jun 2, 2025 at 10:23 AM

Boeing Co (NYSE:BA) stock is up 1.3% at $209.80 at last glance, after BofA Securities upgraded the stock to “buy” from “neutral” and hiked its price target to a Street-high $260 from $185. The analyst cited recent aircraft orders from the U.K. and Middle East, along with easing trade tensions with China, as signs Boeing could benefit from President Donald Trump’s evolving trade policy.

Fresh off its eighth weekly win in 10, BA is now up 19.4% year-to-date. The equity is approaching its May 29, more than 52-week high of $212.28, as well as its first close above the $210 mark since February 2024.

Despite the impressive technical setup, options traders remain largely cautious. Boeing stock's Schaeffer's put/call open interest ratio (SOIR) of 0.97 ranks in the 97th percentile of annual readings. This implies short-term options traders have rarely been more pessimistic, and an unwinding of this sentiment could help BA move higher on the charts.

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