While the argument has merit, the price target looks ambitious. The $200 figure, offering 37% upside from recent prices, would put Boeing at a market cap of almost $150 billion. The Wall Street analyst consensus is that the company will generate $5.3 billion in free cash flow ( FCF) in 2026 and carry $37 billion in net debt in the same year.

Stocks edged higher in midday trading on Wall Street Friday, keeping the market on track for its fifth gain in a row. The S&P 500 was up 0.1% and is solidly on track for a weekly gain that will erase most of last week's loss.