Boeing stock price is currently at $181.50, up 0.9%, pushing towards its monthly high. The surge comes as industry data shows increased commercial airplane orders and stabilization in supply chain disruptions. The U.S. Department of Defense has issued an urgent call to America's missile makers: dramatically ramp up production to meet growing global threats. This directive constitutes a seismic shift in defense spending that could deliver massive gains for Boeing (BA), which holds some of the military's most critical missile contracts. Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 42.97% rally in its share price over the past year, the average BA price target of $260.73 per share implies 19.61% upside potential. Boeing stock price stands at $181.40, advancing on strong pre-market buying. Market watchers suggest monitoring oil price trends, as fuel costs indirectly impact airline purchasing decisions.
