Boeing stock falls as Jefferies cuts its price target

Published on 09/23/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Boeing stock closed at USD 197.72 on September 22, 2026, down 1.71 percent at the NYSE. Jefferies cut its target to USD 265.

Fotorealistische Endmontagehalle mit generischem zweistrahligen Passagierflugzeug ohne Markenzeichen — Fotorealistisches Bild zeigt Boeing Company (ISIN US0970231058) mit generischem Flugzeug in Endmontagehalle im Everett-Stil, Illustration mit AI erstellt.

Boeing stock closed at USD 197.72 on the NYSE on September 22, 2026, down 1.71 percent from the prior close. The price stood between the 52-week low of USD 176.87 and the 52-week high of USD 254.20, leaving the shares 22.62 percent below the yearly peak.

Jefferies lowers its target

According to AktienCheck on September 21, 2026, Jefferies analyst Sheila Kahyaoglu cut the Boeing price target from USD 295 to USD 265 while maintaining a Buy rating. The new target was about 31.7 percent above the cited closing price of USD 201.15.

The revision makes cash generation the central valuation issue. The report cited an expected free cash flow figure of USD 2.9 billion, compared with the earlier assumption of USD 3.0 billion, a USD 100 million reduction that helps explain the lower target.

Targets remain above the market

Analyst expectations remain materially higher than the September 22 closing price. MarketScreener listed an average target of USD 273.69 from 27 analysts on September 22, 2026, with a minimum of USD 246.00 and a maximum of USD 305.00.

Wells Fargo analyst David E. Strauss also maintained a Buy rating and set a USD 250.00 target, according to The Globe and Mail on September 23, 2026. The USD 15 spread between that target and Jefferies' USD 265 target shows that analysts agree on upside potential but differ on the pace of Boeing's cash recovery.

Revenue points to recovery

MarketScreener's Boeing financial data on September 23, 2026, showed fiscal-year 2025 revenue of USD 89.463 billion, up 34.5 percent from USD 66.517 billion in fiscal year 2024. The same overview listed fiscal-year 2025 EBITDA of USD 6.234 billion, compared with negative USD 8.871 billion in fiscal year 2024.

The improvement in those fiscal-year figures contrasts with the cash-flow caution behind the Jefferies revision. For the stock, the valuation debate therefore turns on whether higher revenue and positive EBITDA can translate into durable free cash flow rather than only a wider sales base.

Stock remains below its high

Boeing traded between USD 197.14 and USD 201.24 on September 22, 2026, with volume of 1.55 million shares. The USD 197.72 close was USD 56.48 below the 52-week high of USD 254.20 and USD 20.85 above the 52-week low of USD 176.87.