BA BOEING CO

BULLISH Impact: 5/10 ANALYST-UPGRADE
Processed 1mo ago SEC analyst-BA-freedomb-20251103
10 firms acted on BA: Wells Fargo, Citigroup, Freedom Broker, Vertical Research, Redburn Atlantic, B of A Securities, Bernstein, Barclays, Bernstein, Wells Fargo
Final — all horizons settled through T+60d
BA ▲ +14.49% at T+60d
LONG call ✓ call won +14.49% · α vs SPY +13.24% · entry $204.06 → $233.63
Last close $215.92 (close Jun 8) · +5.81% from $204.06 entry
Entry anchored
Oct 31, 04:19 PM ET
via Databento tick
T+1d
-2.96%
call -2.96% · α -1.81%
$198.02
settled 7mo ago
T+5d
-4.60%
call -4.60% · α -4.32%
$194.67
settled 7mo ago
T+20d
+0.58%
call +0.58% · α +0.83%
$205.25
settled 6mo ago
T+60d
+14.49%
call +14.49% · α +13.24%
$233.63
settled 4mo ago

Price Chart

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Executive Summary

Freedom Broker upgraded Boeing from Hold to Buy on November 3, 2025, raising its price target to $223 from $217. The call is part of a 10-firm cluster action on BA, including Wells Fargo, Citigroup, and Barclays. Consensus is heavily bullish: 31 of 37 analysts rate Buy or Strong Buy, with a mean target of $268.76 implying 17% upside from $229.03. Freedom Broker has a 66% accuracy rate on 68 calls with an 11.8% average return, placing it in the top tier. The upgrade is contrarian to recent EPS estimate revisions — 30-day revisions show 7 downgrades vs 3 upgrades for the next fiscal year — and the stock is trading below the consensus mean. Insider selling has been heavy ($5M+ in February 2026), but institutional buying from Two Sigma (+3,454% position) and Renaissance (+25%) signals conviction. Short interest is elevated at 56.5% of float, suggesting potential squeeze risk. Bottom line: a high-accuracy firm upgrading into a bearish EPS revision cycle creates a tactical opportunity, but traders should wait for confirmation from the July 27 earnings print.

Impact Score

Base Score
3/7
LLM Adjustment
+2
Final Score
5/10

Consensus & Targets

Buy / Strong Buy
31 (84%)
Hold
6
Sell / Strong Sell
0
Total Analysts
25
Mean PT
$268.76
Median PT
$270.00
High PT
$300.00
Low PT
$230.00
Current Price
$229.03
Implied Upside
+17.3%

Consensus is heavily bullish: 13 Strong Buy, 18 Buy, 6 Hold, 0 Sell, 0 Strong Sell across 37 analysts. 84% of analysts rate the stock a Buy or Strong Buy, well above the S&P 500 average of ~55%.

Mean target is $268.76, median $270, high $300, low $230. Current price $229.03 implies 17% upside to the mean. Freedom Broker's $223 target is below the mean and median, making it one of the more conservative bullish calls.

Recent Analyst Activity

DateFirmActionRatingPrice Target
2026-04-29 Tigress Financial maintain Buy $295.00
2026-04-23 Morgan Stanley maintain Equal-Weight $250.00
2026-04-02 Citigroup maintain Buy $256.00
2026-04-01 Wells Fargo initiate Overweight $250.00
2026-03-19 Tigress Financial maintain Buy $290.00
2026-02-06 Freedom Broker maintain Buy $290.00
2026-02-02 Jefferies maintain Buy $295.00
2026-01-28 JP Morgan maintain Overweight $270.00
2026-01-28 RBC Capital maintain Outperform $275.00
2026-01-28 Citigroup maintain Buy $290.00

30-day analyst activity shows 0 upgrades and 0 downgrades, but EPS revisions are negative: 30-day revisions show 7 downgrades vs 3 upgrades for the next fiscal year, and 6 downgrades vs 2 upgrades for the current quarter. Estimates are being revised lower across all timeframes.

Firm Track Record — Freedom Broker

Freedom Broker accuracy: 66% on 68 calls | avg return: 11.8%

Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.

FirmAccuracyCallsAvg Returnvs Average
TD Cowen 100% 2/2 13.4% top tier
Jefferies 100% 3/3 11.2% top tier
Goldman Sachs 100% 2/2 10.5% top tier
Citigroup 75% 6/8 5.8% top tier
UBS 71% 5/7 7.9% top tier
RBC Capital 70% 7/10 4.8% top tier
Benchmark 67% 2/3 17.5% top tier
Morgan Stanley 67% 6/9 7.3% top tier
Bernstein 63% 5/8 6.2% top tier
JP Morgan 63% 5/8 4.1% top tier

Freedom Broker has a 66% accuracy rate on 68 calls with an 11.8% average return, placing it in the top tier among BA analysts. Top performers include TD Cowen (100% on 2 calls, +13.4% avg return) and Jefferies (100% on 3 calls, +11.2%). Below-average firms include Stifel (33% on 3 calls, -2.8% avg return) and Susquehanna (42% on 12 calls, +0.4%).

Earnings Estimates

Next earnings: Jul 27, 2026

PeriodEPS Est.EPS RangeRevenueRevisions (7d)
+1y $4.38 $1.94 — $6.80 $112.4B ↑2 ↓0
+1q $0.01 $-0.44 — $0.56 $24.9B ↑2 ↓0
0q $-0.21 $-0.90 — $0.38 $23.9B ↑1 ↓0
0y $-0.29 $-1.86 — $1.16 $97.5B ↑6 ↓0

Cross-Platform Signals

Insider Trades (90d)
1 buys / 4 sells
Congressional
Maria Elvira Salazar (republican) — buy $15,001 - $50,000
Congressional
Maria Elvira Salazar (republican) — buy $1,001 - $15,000
Congressional
Julia Letlow (republican) — buy $1,001 - $15,000
Institutional
CAUSEWAY CAPITAL MANAGEMENT LLC — new
Institutional
TWO SIGMA INVESTMENTS, LP — doubled (3453.7%)
Institutional
RENAISSANCE TECHNOLOGIES LLC — add (25.2%)
Short Interest
Short: 3,940,220 | Exempt: 8,596 | TRF Vol: 6,974,176 | Short Ratio: 56.5% | Off-exchange volume (dark pool + OTC)

Insider selling dominates: $5M+ in sales by executives in February 2026, including the CFO and CEO. Congressional buying is minor ($16K-$65K from two Republican members). Institutional activity is mixed: Two Sigma doubled its position (+3,454%) and Renaissance added 25%, but Two Sigma also trimmed 72% in another fund. Short interest is elevated at 56.5% of float, indicating heavy bearish positioning that could fuel a squeeze on positive catalysts.

Actionable Insight

Freedom Broker's upgrade is a contrarian call against a backdrop of falling EPS estimates and heavy insider selling. The high short interest and institutional buying from quant funds create a tactical squeeze setup, but traders should wait for the July 27 earnings print to confirm the thesis before initiating a long position.

Documents Analyzed

Report based on filing metadata.

9 reports for BA
Performance horizon
100% Hit rate 4 of 4 directional calls best @ T+60▲ +14.49%May 31, 2026
Filters
Rows
Reports for BA — sortable, filterable
Type Now
May 31, 2026
9d ago
ANALYST-UPGRADE
BULLISH ★ 4/10
$204.06 $194.67▼ −4.60%▼ −4.32%$215.92 (+5.81%)
May 18, 2026
23d ago
Court Ruling
BEARISH ★ 6/10
$220.54 $218.86▲ +0.76%▲ +2.38%$215.92 (+2.09%)
May 1, 2026
5w ago
ANALYST-UPGRADE
BULLISH ★ 5/10
$204.06 $194.67▼ −4.60%▼ −4.32%$215.92 (+5.81%)
Mar 31, 2026
10w ago
Court Ruling
BULLISH ★ 6/10
$198.97 $217.81▲ +9.47%▲ +5.53%$215.92 (+8.52%)
Mar 31, 2026
10w ago
Court Ruling
BULLISH ★ 7/10
$198.97 $217.81▲ +9.47%▲ +5.53%$215.92 (+8.52%)
Mar 6, 2026
13w ago
DEFA14A
NEUTRAL ★ 3/10
$224.33 $213.49▼ −4.83%▼ −3.48%$215.92 (−3.75%)
Mar 6, 2026
13w ago
DEFA14A
NEUTRAL ★ 3/10
$224.33 $213.49▼ −4.83%▼ −3.48%$215.92 (−3.75%)
Feb 24, 2026
15w ago
Insider Cluster
NEUTRAL ★ 4/10
$233.36 $223.87▼ −4.07%▼ −3.04%$215.92 (−7.47%)
Jan 29, 2026
18w ago
Court Ruling
NEUTRAL ★ 2/10
$233.94 $236.57▲ +1.12%▲ +3.48%$215.92 (−7.70%)
Showing 9 of 9

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