Is BA a good stock to buy? We came across a bullish thesis on The Boeing Company on R. Dennis’s Substack by OppCost. In this article, we will summarize the bulls’ thesis on BA. The Boeing Company’s share was trading at $216.47 as of June 30th. BA’s trailing and forward P/E were 85.56 and 833.33 respectively according to Yahoo Finance.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. BA is benefiting from a broad operational recovery that has materially improved its financial profile and reduced near-term downside risk, making the recent sale of 2,800 July 17, 2026 $190 puts an expression of confidence that the shares are likely to remain above that level through expiration.
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The trade collected approximately $442,400 in premium while taking on a $53.2 million notional obligation, reflecting a willingness by an institutional investor to accumulate shares at a materially lower effective entry price if assigned. A key reason supporting the trade is the absence of an earnings announcement before expiration, as Boeing’s second-quarter 2026 results are scheduled for July 29, removing the most significant potential catalyst for a sharp price gap during the life of the options.
Fundamentally, Boeing’s recovery has gained meaningful traction after closing 2025 with $89.5 billion in revenue, 600 commercial aircraft deliveries, its strongest annual delivery performance since 2018, and a record $682 billion backlog that provides long-term revenue visibility. Momentum continued into the first quarter of 2026, with revenue increasing 14% year over year to $22.2 billion, earnings exceeding expectations, debt declining by $6.9 billion to $47.2 billion, and cash remaining strong at $20.9 billion.
Operational execution has also improved as the 737 production line stabilized at 42 aircraft per month, with management planning to increase output to 47 during the summer and 52 later in the year. These improvements support expectations for continued cash flow generation and gradual earnings recovery, reinforcing the view that the stock can trend sideways to higher over the near term while offering favorable risk-reward for investors positioning for sustained operational progress.
Previously, we covered a bullish thesis on The Boeing Company (BA) by Kyler in March 2025, which highlighted Boeing’s turnaround potential, dominant duopoly position, and path to restoring $10 billion or more in free cash flow under new leadership. BA’s stock price has appreciated by approximately 21.53% since our coverage. OppCost shares a similar view but emphasizes on Boeing’s accelerating operational recovery and improving execution.
The Boeing Company is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 99 hedge fund portfolios held BA at the end of the first quarter which was 114 in the previous quarter. While we acknowledge the risk and potential of BA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BA and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
