Boeing's Stock Target Raised After Qatar Airways' $96 Billion Order

Published 9 hours agoBA

Boeing's Stock Target Raised After Qatar Airways' $96 Billion Order

In a significant move, Qatar Airways has placed a monumental order with Boeing, agreeing to purchase up to 210 aircraft valued at $96 billion. This order, announced during former President Donald Trump's visit to Qatar, comprises 130 Boeing 787 Dreamliners, 30 of the next-generation 777X jets, and options for 50 additional wide-body planes, according to the Financial Times.

This substantial deal has prompted financial analysts to adjust their projections for Boeing's stock. TD Cowen increased Boeing's price target to $200, supporting this with expectations of improved production and free cash flow growth. Likewise, Citigroup elevated its price target from $207 to $210 while maintaining a "buy" rating, reports from MarketBeat indicate.

The announcement has positively impacted Boeing's stock, with shares rising for the fifth consecutive day to their highest level in over a year, as noted by Associated Press. This agreement is part of a broader series of deals between the U.S. and Qatar poised to generate at least $1.2 trillion in economic exchanges, signaling strengthened ties and economic collaboration, as reported by Reuters.

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