RBC Capital has increased its price objective for Boeing to $275.00, up from $265.00, while retaining an Outperform rating on the aerospace manufacturer. The firm cited confidence in Boeing’s trajectory as production and delivery programs for the 737 MAX and 787 remain on a manageable path, offering room for steady production ramp-ups.
Data compiled from market analyst targets show a range between $155 and $300, with the shares trading at $244.56. That current market price is characterized in available data as above the stocks Fair Value, reflecting a divergence between some market valuations and consensus target midpoints.
On the operational front, Boeing posted total sales of $24 billion in the fourth quarter of 2025, a 57% increase versus a strike-impacted fourth quarter in 2024. That quarterly result contributes to 34.5% revenue growth over the trailing twelve months. Despite the top-line expansion, gross profit margins remain narrow at 4.79% for the company.
Free cash flow for the quarter was approximately $400 million, a result that outperformed expectations. Boeing also maintained its 2026 free cash flow guidance at a range of $1 billion to $3 billion - a figure RBC described as "low single digit." The company provided details on how reduced volatility in cash generation across 2026 would support confidence in a mid-term path toward exceeding $10 billion in annual free cash flow.
RBCs price target revision reflects an assessment that production and delivery schedules for key models are manageable, and that consistent increases in output could underpin the companys recovery. The firms outlook remains positive even as Boeing continues to address the residual operational and financial issues that weighed on performance in prior periods.
Alongside RBCs action, Boeing reported a stronger-than-expected earnings result for the fourth quarter of 2025. Diluted earnings per share came in at $9.92, versus an anticipated loss of $0.45. Revenue was $23.9 billion, ahead of the expected $22.4 billion.
Following the earnings release, other brokerages adjusted their targets upward. TD Cowen raised its price target to $270 and maintained a Buy rating, while noting a $565 million charge tied to the KC-46 program. Vertical Research Partners increased its target to $281, pointing to operational stabilization and the resolution of key portfolio issues as supporting signs of recovery. Both firms continued to express a positive outlook on Boeings prospects.
These analyst actions and quarterly results underscore Boeings ongoing efforts to rebuild financial and operational footing. Strong revenue growth and better-than-expected quarterly free cash flow were offset by slim gross margins and charges tied to specific programs, factors that remain part of the companys near-term profile.
Summary
RBC Capital raised its Boeing price target to $275 from $265 and kept an Outperform rating after Boeing posted robust fourth-quarter results, including $24 billion in sales and $400 million in free cash flow. The company affirmed 2026 free cash flow guidance of $1 billion to $3 billion and outlined a path toward normalizing cash generation with a mid-term target of more than $10 billion. Analyst target ranges span $155 to $300 while the stock trades at $244.56, which some data characterize as above Fair Value.
Key points
- RBC raises Boeings price target to $275 and maintains an Outperform rating, citing manageable production plans for the 737 MAX and 787.
- Quarterly results show $24 billion in sales, 57% year-over-year improvement versus strike-impacted Q4 2024, and trailing twelve-month revenue growth of 34.5%.
- Market data indicate analyst targets from $155 to $300 and a current share price of $244.56; other brokers also raised targets to $270 and $281 after the earnings print.
Risks and uncertainties
- Profitability remains constrained - Boeings gross profit margin is low at 4.79%, highlighting margin pressure that affects aerospace and manufacturing sectors.
- Program-specific charges - a $565 million charge related to the KC-46 was noted by TD Cowen, illustrating program-level cost risks in defense and aerospace segments.
- Valuation tension - with analyst targets ranging widely and the stock trading at $244.56, available data suggest the share price may be above Fair Value, creating market risk for investors in aerospace and capital markets exposure.