Boeing Stock Surges with Successful X-37B Space Plane Launch and 737 Max Deliveries on the Horizon.

Boeing's stock (NYSE:BA) ticked up following the launch of the X-37B space plane for the Space Force. The X-37B will conduct a variety of tests and experiments during its mission, including laser communications and quantum inertial sensors. Boeing is also gearing up for a production ramp-up of the 737 Max deliveries by late October, pending FAA approval. Analysts have a Strong Buy consensus rating on BA stock with an average price target of $258.17 per share, implying 9.49% upside potential.

Boeing's stock (NYSE:BA) experienced a modest gain on Thursday, following the successful launch of the X-37B space plane for the Space Force. The X-37B, also known as the orbital test vehicle, was launched from the Kennedy Space Center, marking its eighth mission. This mission includes a variety of tests and experiments, such as laser communications and the highest-performing quantum inertial sensor ever tested in space [1].

The X-37B is expected to be used as a platform for the Space Force's lineup of "counterspace weapons," which could involve satellite protection and missile defense. Boeing's involvement in this mission is seen as a potential boost to its reputation, which has been affected by past space-related setbacks, such as the Starliner debacle [1].

In addition to the X-37B launch, Boeing is also gearing up for a production ramp-up of its 737 Max deliveries by late October. The Federal Aviation Administration (FAA) is planning "tabletop exercises" to vet Boeing's ability to take on key conditions, with the exercises expected to be in place and running by late September [2][3]. Boeing is confident that it is ready for this, as evidenced by recent fast-tracking of 737 Max deliveries [3].

Wall Street analysts have a Strong Buy consensus rating on BA stock, with an average price target of $258.17 per share, implying 9.49% upside potential [1][2][3]. This positive outlook is driven by the company's recent achievements and the potential for increased production of its 737 Max aircraft.

References:
[1] https://www.tipranks.com/news/boeing-stock-nyseba-ticks-up-with-x-37b-launch
[2] https://www.marketscreener.com/news/boeing-built-x-37b-spaceplane-launches-beginning-eighth-mission-ce7c50dad08af225
[3] https://www.aerotime.aero/articles/faa-boeing-737-max-exercises-production-lift