RBC Cuts Boeing Price Target to $235 Amid Defense Budget Uncertainty
RBC lowered its Boeing price target to $235 from $265 and kept an Outperform rating, saying defense budget uncertainty will remain a headwind for the stock.
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what happened
RBC Capital reduced its price target on Boeing shares to $235 from $265 while keeping an Outperform rating. The move was part of a research note previewing third-quarter results for large aerospace and defense companies, as reported by stocktwits.com citing The Fly. RBC said uncertainty in the defense budget will persist, even though third-quarter bookings are expected to be strong. The bank expects the midterm elections to bring more clarity, but spending beyond fiscal 2027 remains unclear. RBC also does not foresee a raise in Boeing's commercial delivery outlook, though it expects strong aftermarket results.
Boeing delivered 161 commercial aircraft in the third quarter, including 124 737s and 22 787s, and its Defense, Space & Security unit recorded 33 deliveries. The company will report third-quarter results before the market opens on October 27.
why it matters
The target cut ahead of earnings signals that investors are weighing defense contract and cash flow risks more cautiously. Boeing shares have fallen more than 13% year to date, and sentiment on Stocktwits remains bearish.
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- Boeing Price Target Slashed To $235 By RBC – Firm Says Lingering Defense Budget Uncertainty Will Remain A Headwind — stocktwits.com, 15 October 2026 at 18:05 UTC
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