On July 30, Boeing rose 3.08% in regular trading, trading at $220.47/share, with turnover of $512 million. The stock extended gains following its Q2 earnings release earlier in the week, supported by fresh bullish commentary from multiple investment banks.

RBC Capital Markets issued a research note stating Boeing could benefit from higher aircraft production, stronger free cash flow, upcoming certifications for the MAX-7 and MAX-10, and improving defense results. JPMorgan previously raised its price target on Boeing to $290, while Jefferies maintained a buy rating with a $295 target, noting the company's reaffirmed full-year free cash flow guidance of $1-3 billion suggests a sizable H2 cash recovery.

The bullish analyst sentiment follows Boeing's Q2 report, which showed revenue of $24.56 billion (up 8% YoY), adjusted free cash flow of $631 million versus expectations of negative $331 million, and a record backlog of $715 billion including over 6,200 commercial aircraft orders. The company delivered 171 commercial aircraft during the quarter, up 14% year-over-year.

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