Boeing reported a 19 percent increase in quarterly profit, helped by booming demand for commercial aircraft.
The outlook for 2015 deliveries came in slightly above analysts' estimates, Howard Rubel, senior equity research analyst at Jefferies, told CNBC. Boeing expects to deliver 750 to 755 planes this year, above 2014's 723.
Boeing should outperform rival Airbus in terms of deliveries in 2015 and probably into 2016, he said in a CNBC "Squawk Box" interview. Last year, Airbus fell short of Boeing with 629 deliveries.
Rubel rates Boeing's stock a "buy" and said Jefferies' price target of $165 could go higher.
Boeing's stock was up more than 3 percent following the earnings announcement. (Get the latest quote here.)
The airplane manufacturer's fourth-quarter earnings rose to $2.31 per share from $1.88 a share in the year-earlier period.
Revenue increased to $24.5 billion from $23.78 billion a year ago.
Wall Street expected the Chicago-based company to post fourth-quarter earnings per share of $2.11 on $23.93 billion revenue.
Commercial aircraft deliveries rose 13 percent to 195.
Boeing said it sees full-year adjusted earnings per share of $8.20 to $8.40, below estimates of $8.64. Revenue was forecast at $94.5 billion to $96.5 billion.
Operating cash flow for the full year was forecast at more than $9 billion.
Last month, the company's board upped its authorization for its share repurchase plan to $12 billion and said its regular quarterly dividend would increase 25 percent.
—CNBC's Terri Cullen and Reuters contributed to this report.