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Honeywell Aerospace rated Buy with $19.3B backlog and 26% upside on production gains

Analyst Insights
31 Oct 2026, 11:30 WIB
Seeking Alpha
View Source
Bullish
Honeywell Aerospace rated Buy with $19.3B backlog and 26% upside on production gains

Honeywell Aerospace is rated Buy at $160 due to a strong $19.3 billion order backlog and expected improvements in production. Current revenue growth is limited by supply chain issues, but order growth and supplier efforts support a positive outlook over the next several years. While aftermarket margins remain attractive, new aircraft deliveries are prioritized, temporarily limiting higher-margin maintenance revenue. The stock trades at 18x 2027 earnings and 16x 2028 earnings, offering a potential 26% upside to a $202 price target if production accelerates as expected.

Honeywell Aerospace trades at USD 154.15 on Pluang as of Oct 31, 2026, 15:41 WIB, down 3.68% in one day. The stock's market cap is $50.74 billion, with a 52-week low near current prices at $151.58. Pluang investors show strong confidence, with 100% buy orders and a typical hold time of 10 days.

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