Boeing's Stock Price Just Plunged. Is Now the Time to Invest?
It's always interesting when a high-level stock like (NYSE: BA) slumps because the market often overreacts, creating a good buying opportunity. However, there's no guarantee that what goes down must come up again. Here's a look at why the stock fell and what it means for investors.
CFO Brian West's presentation at the Wolfe Research Global Transportation Industrials Conference wasn't what investors wanted to hear. I'll start with the headlines and then the context around them.
While West didn't put a figure on the expected cash outflow in 2024, he did say he expected this year to be "a use versus generation of cash flow," with a large cash outflow in the first half leading to cash generation in the second half as deliveries improve.
Source Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 41 Buy predictions and 4 Sell predictions.
As a result the target price of 221 € shows a positive potential of 41.36% compared to the current price of 156.34 € for Boeing Co..
