Reuters reported that Boeing (BA:NYE) wants to raise production of its 737 Max aircraft from 31 per month to 50 by the end of 2026. Boeing’s revenue has increased due to orders from a variety of airlines, despite earlier concerns such as regulatory issues with the 787 Dreamliner, the impact of COVID-19, and the 737 Max disasters.
Air India has purchased 220 Boeing aircraft, including 190 737 Max models, 20 787 Dreamliners, and 10 777X aircraft. Japan Airlines recently made an order for 21 737-8 aircraft.
The certification procedure for Boeing’s new 737 MAX 7 aircraft is approaching completion, and the company plans to make its first delivery before the end of the year.
With 11 Buy ratings and 6 Hold ratings, Boeing stock forecast shows that analysts have rated this company as a Buy with a price target average of $201.09, indicating a potential upside of 10.32%. Boeing stock has gained roughly 8% as of 2023.