Boeing stock price pulled back for two consecutive days, moving from a high of $233.60 to the current $227. It remains nearly 30% from its lowest level in November last year. This article explores why BA shares will rebound this year.
Boeing stock has strong technicals
The daily chart shows that the BA stock price has rebounded from a low of $176.52, its lowest point in November to the current $227. It has remained above the Supertrend indicator, a sign that bulls are in control.
The stock formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages (EMA) crossed each other in December. This crossover often leads to more gains.
The Relative Strength Index (RSI) and the MACD have continued soaring, a sign that it has momentum. It has also moved above the ultimate resistance of the Murrey Math Lines tool.
The stock has also formed an inverse head-and-shoulders pattern, a common bullish reversal sign. Therefore, the stock will likely continue rising as bulls target the psychological point at $300. A move below the strong, pivot, and reverse point at $212 will invalidate the bullish outlook.
Analysts are bullish on the BA stock
The other bullish aspect of the Boeing share price is that Wall Street analysts are bullish on the company. Data compiled by MarketBeat shows that the consensus target is $235, up slightly from the current level. This consensus is much higher than $192, where it was a year ago.
Some of the most bullish analysts are from companies like Bernstein, Tigress, JPMorgan, Citigroup, UBS, and Goldman Sachs. For example, Douglas Harned, a Bernstein analyst, expects the stock to jump to $277.
The average annual revenue estimate by analysts is $88 billion, up by 32% from 2024. They also expect the company’s revenue will be $96 billion, up by nearly 10% YoY.
READ MORE: Is Boeing stock a buy in 2026? Key catalysts ahead
Trump defense spending boost
Meanwhile, the company will likely benefit from Donald Trump’s announcement that the United States will increase its defense spending to $1.5 trillion from the current $1 trillion.
Boeing, as one of the biggest defense contractors in the US, will benefit from this surge. The most recent results showed that the company’s revenue rose to $6.9 billion in the third quarter, up from $5.5 billion in the same period last year.
Boeing recorded orders valued at over $9 billion, bringing the total backlog to over $76 billion. This growth will likely continue to accelerate if Trump’s wish for more defense spending continues.
Boeing to have more orders this year
The other main catalyst for the Boeing stock is that its orders will likely continue rising this year. It received its biggest order this week, when Alaska Airlines ordered 100 planes.
The company’s backlog has continued rising, reaching 5,900 to over $636 billion, a figure that will keep rising. One potential catalyst for the business will be Donald Trump’s trip to China. Chances are that Chinese airlines will make big orders on this trip as we saw with his trip to the Middle East.
Airlines will likely be comfortable make more orders as the company’s business has been stable in the past two years, with its planes avoiding major incidents. Also, the company has already received the approval to make more jets per month.
Therefore, all these catalysts will likely be highly bullish for the stock this year. This rally may see it rebound to $300 and above.
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