Citi Sees Boeing Defense Momentum as Buying Opportunity Amid Stock Dip

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2026-05-24 09:27:01

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Citi has elevated Boeing's price target to $260 while maintaining a Buy rating, framing the recent aerospace sector selloff as an investor opportunity. The defense segment's 21% revenue growth to $7.6 billion and record $86 billion backlog underscore Boeing's diversified strength beyond commercial aviation.

First-quarter results exceeded expectations with a narrower-than-anticipated loss of $0.20 per share. The China 200-aircraft order and insider stock purchases signal confidence, though 777X certification delays loom as a risk factor. Boeing shares now trade just above the 200-day moving average, presenting a potential inflection point.

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