Did Elon Musk Just Say "Checkmate" to Boeing?
The stock market has gotten off to a great start in the first half of 2024. The S 500 has gained 14.3% while the Nasdaq Composite is up 17.6% so far this year.
One stock that hasn't done so well is (NYSE: BA). Shares of Boeing have cratered over 33%, as the aerospace company has been at the center of numerous controversies surrounding safety protocols in its jetliners as well as a management shakeup.
In the midst of all the hoopla, outspoken entrepreneur Elon Musk may have dealt yet another blow to Boeing. Let's dive into how Musk is disrupting the aerospace industry, and determine if Boeing is turning into a falling knife.
Source Fool.com
Boeing Co. Stock
€172.54
-0.480%
Currently there is a rather positive sentiment for Boeing Co. with 42 Buy predictions and 11 Sell predictions.
With a target price of 212 € there is a positive potential of 22.87% for Boeing Co. compared to the current price of 172.54 €.
