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Boeing Company (NYSE:BA) shares are trading lower on Wednesday.

Yesterday, the company reported fourth-quarter earnings results, with an adjusted operating loss of $4.042 billion, compared to an adjusted operating earnings of $90 million a year ago. Adjusted loss per share grew to $5.90 from $0.47 in the same quarter of 2023, missing the consensus of a $2.44 loss.

Here are the key analysts take on the stock:

• Goldman Sachs analyst Noah Poponak reiterated the Buy rating on the stock, raising the price forecast to $213 from $200.

• BofA Securities analyst Ronald J. Epstein reiterated the Neutral rating on the stock, raising the price forecast to $185 from $170.

• RBC Capital Markets analyst Ken Herbert reiterated the Outperform rating on the stock with a price forecast of $200.

Goldman Sachs: Poponak notes that while defense results posed challenges this quarter and remain a medium-term risk, Boeing has the potential to reach industry-average margins over time.

Per Poponak, Boeing can outperform in 2025 as supply improvements continue, with strong demand remaining.

The analyst highlights Boeing’s potential to reach or exceed 38 737-MAX units per month by late 2025, thanks to progress with Spirit Aerosystems Holdings, Inc., suppliers catching up after labor negotiations, and an agreement with the FAA for rate increases.

The 787 program is also back on track at 5 units per month, with plans to increase to 7 per month, driven by improvements in the supply chain and component availability.

Also Read: Flex Beats Q3 Earnings On Strong Sales, Margins; Stock Gains

BofA Securities: Per Epstein, Boeing missed estimates due to the IAM work stoppage, defense charges, and workforce reduction costs. However, with 737 production increasing and deliveries rising, the company is showing early signs of recovery.

Based on improved market conditions, the analyst raises the price target to $185 from $170 but keeps EPS and free cash flow estimates unchanged.

Despite the positive outlook, the analyst maintains a Neutral rating, cautioning that the recovery in operations and engineering might take longer than expected.

RBC Capital Markets: Herbert highlights that CEO Kelly Ortberg has focused on improving defense results, and successful delivery in this area could boost Boeing.

The analyst notes risks in the expected production increases for the 737 and 787 programs.

However, a strong inventory liquidation in the first quarter of 2025 should provide a positive short-term sentiment.

Price Action: BA shares are trading lower by 2.69% to $173.00 at last check Wednesday.