TD Cowen Cuts The Boeing (BA) Price Target to $240

TD Cowen reaffirms its Buy rating on Boeing, adjusting the price target to $240 from $250, a 27.03% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:59 PM EDT

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TD Cowen cut its price target on The Boeing Company ($BA) to $240 from $250 on October 9, 2026, and rates the stock "Buy".

Since the rating, $BA is down 0.1% after 1 week and down 0.1% to date (from the $190.37 close on Oct 9, 2026).

BA The Boeing Company

$190.21 -16.49% year to date

Daily close · Oct 16, 2026

Key Points

TD Cowen reiterated its Buy rating on The Boeing Company (BA) on October 9, 2026, lowering the price target to $240 from $250.
TD Cowen's $240 price target implies 27.03% upside from The Boeing Company's ($BA) current $188.93 share price.
As of October 16, 2026, Boeing shares recently traded around $188.93, which is below the 50-day and 200-day moving averages.
The company has a market cap of approximately $149.2 billion and is set to report earnings on October 27, 2026.

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TD Cowen has reiterated its Buy rating on The Boeing Company (BA) on October 9, 2026, while lowering its price target from $250 to $240. This marks a notable shift in the firm's outlook, reflecting their ongoing confidence in the aerospace and defense giant despite the target adjustment.

Other Institutional Activity in Boeing

Several other institutional investors have been active with Boeing. Blackrock Inc. holds 61,043,446 shares worth about $11.6 billion, having increased its stake by 2,851,410 shares, a 4.9% rise. FMR, LLC owns 58,951,274 shares valued at approximately $11.2 billion, increasing its holdings by 2,075,949 shares, a 3.6% gain. Vanguard Capital Management LLC has 51,463,432 shares worth about $9.8 billion, with a slight increase of 459,040 shares, a 0.9% rise. State Street Corporation holds 38,047,990 shares valued at around $7.2 billion, up by 624,965 shares, a 1.7% increase. Capital World Investors increased its stake significantly by 4,937,320 shares, now holding 30,665,928 shares worth about $5.8 billion, a 19.2% boost.

The Boeing Company Stock Up 2.3%

Boeing's shares recently traded around $188.93 as of October 16, 2026, which is below both the 50-day moving average of $206.21 and the 200-day moving average of $219.64. The stock is also about 25.7% below its 52-week high of $254.35, but 6.9% above its 52-week low of $176.77. The current price is significantly lower than the mean analyst target of $268.15, indicating potential upside if the company meets market expectations.

12-month forecast

$BA price target

The Boeing Company daily closes and this analyst's $240 target. Not advice.

Recent Earnings

Boeing reported trailing twelve-month revenue of about $93.99 billion with a net margin of 2.6% and a return on equity of 173.5%. The company is set to announce its next earnings report on October 27, 2026, which may provide further insights into its performance.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

B+ 78/100

Reported Apr 22, 2026

Forward outlook
3 analysts raised price targets.
EPS & revenue
EPS beat estimates by 76.7%. Revenue missed estimates by 1.0%.
Profit surprise
EBITDA beat sharply. Operating income beat sharply.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
3 target raises.
Earnings quality
Gross margin down 0.9 points. Negative free cash flow.

Earnings Call Summary

Boeing had a strong start to 2026 with 22.2 billion dollars in revenue, up 14 percent. The 737 program delivered 114 aircraft and stabilized at 42 per month after fixing wiring issues on 25 planes. The 787 was held back by seat certification delays but remains on track. Defense revenue grew 21 percent to 7.6 billion dollars, driven by higher demand from military conflicts. Free cash flow usage of 1.5 billion in the quarter was better than expected due to recovery and good timing.

Guidance Boeing expects to deliver 500 737s and 90 to 100 787s in 2026. The company guides for 1 billion to 3 billion dollars in free cash flow for the year. Production rates will increase to 47 per month on the 737 this summer and to 10 per month on the 787 later in the year.

Good report. The company beat and showed some forward improvement, with a few meaningful caveats.

Insider Buying and Selling at The Boeing Company

Recent insider transactions include Mortimer J. Buckley, a Director, who bought 2,230 shares at an average price of $224.20 on March 3, 2026, totaling approximately $499,966. Another Director, Bradley Douglas Tilden, bought 1,370 shares at $218.50 on May 20, 2026, valued at about $299,345. Meanwhile, Ann M Schmidt, an Officer, sold 6,281 shares at $243.37 on February 17, 2026, for around $1.53 million, and Uma M Amuluru, also an Officer, sold 1,503 shares at $233.78 on February 24, 2026, totaling about $351,484.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating on Boeing with a new price target of $240, down from $250. This follows a series of analyst actions, including upgrades and reiterations from firms like Argus Research and B of A Securities, which have also set targets around the $265 to $270 range. The consensus among 27 analysts gives Boeing a mean target price of approximately $268.15, suggesting a bullish outlook despite the recent target adjustments.

About Boeing

The Boeing Company designs and manufactures commercial jetliners and military aircraft, as well as satellites and defense systems. With a strong presence in the aerospace and defense industries, Boeing continues to play a critical role in global transportation and security. The recent analyst ratings reflect ongoing confidence in its long-term potential despite current share price challenges.

Bottom Line

Investors should keep an eye on Boeing's upcoming earnings report on October 27, 2026, which will provide further insights into the company’s performance. Additionally, it's worth monitoring how the stock reacts to the recent adjustments in analyst price targets.