Boeing (BA) shares’ performance has been rather muted in the first seven months of 2026, but senior Argus Research analyst Kristina Ruggeri believes the story will be different in the second half.
Ruggeri upgraded the aerospace giant to “Buy” this morning and announced a $265 price objective, which signals potential for a 14% rally from current levels.
More Top Stocks Daily: Go behind Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.
At the time of writing, Boeing stock is trading just 2% above its price at the start of this year.
www.barchart.comHere’s Why Argus Recommends Buying Boeing Stock
In her research note, Ruggeri touted BA’s remarkable execution in ramping up commercial aircraft production.
According to Ruggeri, the massive order backlog provides exceptional visibility into future revenue as the company continues to stabilize assembly lines and accelerate delivery cadence.
Boeing recently posted market-beating earnings for its fiscal Q2, featuring an 8% year-over-year increase in revenue to $24.56 billion.
The Argus Research analyst expects “strong order backlog, solid revenue growth, and margin improvement to continue” in the coming quarters.
Note that Barchart also currently holds an “88% BUY” opinion on BA shares, indicating technical momentum also favors upside ahead.
Improving Cash Flow to Drive BA Shares Higher
Beyond manufacturing momentum, Ruggeri highlighted the titan’s improving cash flow as a major catalyst that could drive its stock price higher.
Boeing expects its free cash flow (FCF) to hit as much as $3 billion this year, as an improving delivery rate continues to release substantial cash tied up in inventory and working capital.
Longer-term, management expects a return to the firm’s historic $10 billion in annual FCF run rate. This will help strengthen BA’s balance sheet, reduce its net debt, and restore fundamental investor confidence, the Argus Research analyst told clients.
Boeing shares are yet to resume dividend payments, though.
How Wall Street Recommends Playing Boeing
Other Wall Street analysts also seem to agree with Kristina Ruggeri on BA stock for the remainder of 2026.
According to Barchart, the consensus rating on Boeing remains at “Strong Buy,” with a mean price target of about $273 indicating potential upside of nearly 30% over the next 12 months.
www.barchart.com On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
Argus Just Upgraded Boeing Stock. Here's Why. GameStop CEO Ryan Cohen May Kill His $56 Billion eBay Bid. GME Stock Investors Could Come Out on Top. Dear Target Stock Fans, Mark Your Calendars for August 19 If Cloud Computing Stocks Get a Second Wind, This ETF Is Primed to Float Higher