CNBC’s Cramer Stands by Boeing Despite India Crash Probe

CNBC’s Jim Cramer expressed continued confidence in Boeing’s stock even as the company faces a probe into the deadly crash of an Air India 787-8 Dreamliner earlier this month. The aircraft, en route to London, crashed seconds after takeoff on June 12 in western India, resulting in hundreds of fatalities.

Despite the tragedy and the ongoing investigation, Cramer emphasized during a segment on “Squawk on the Street” that investors “have to buy” Boeing shares. He acknowledged the loss of life but said that even if the company is found at fault, any impact on the stock would likely be temporary. Cramer described Boeing as a company “that is working in the market” and capable of weathering such challenges.

His bullish stance comes just as Rothschild analysts raised their price target for Boeing to $275 from $180, citing a potential upswing in aircraft deliveries. The firm projects monthly delivery rates of 63 Boeing 737s and 14 787s could lift the company’s post-tax profit by $1.7 billion and drive free cash flow beyond $14 billion by 2029, surpassing Boeing’s previous peak of $13.6 billion in 2018.

Cramer pointed to Boeing’s historical trading multiple of 18 times cash flow, suggesting the stock could see significant upside if it returns to that valuation. Shares rose more than 4% on Friday to around $211—just shy of their June 11 price before the crash. Boeing stock has already gained nearly 20% in 2025.

Cramer added Boeing to the CNBC Investing Club’s Bullpen on April 10, anticipating increased demand amid global trade negotiations. He noted that Boeing has since secured substantial new orders, including a landmark deal with Qatar Airways for up to 210 aircraft announced in May during a diplomatic visit by former President Trump.

During the Club’s June Monthly Meeting, Cramer expressed strong interest in buying Boeing shares but held off, awaiting a more strategic entry point.

Sources: AirGuide Business airguide.info, bing.com, cnbc.com