Is Boeing Stock a Buy?
Beleaguered aerospace and defense giant (NYSE: BA) faces a lot of uncertainty in 2024, which might cause investors to walk away from the stock. On the other hand, its stock is down slightly more than 23% in 2024. Is it time to load up on shares or avoid it altogether?
This won't be a suspenseful movie, as I will cut to the chase in the opening credits. The answer is "no," and that view concerns the risk around the company's medium-term outlook. I think recent events have created a material risk around the outlook management gave at the November 2022 investor conference, and the company might be forced to, at the least, walk back the higher end of expectations.
Management's financial objectives matter because investors inevitably price them into their expectations, and doing so with Boeing makes the stock look attractive. As a reminder, here are the critical components of the objectives previously laid out for 2025 to 2026:
Source Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 40 Buy predictions and 4 Sell predictions.
As a result the target price of 221 € shows a positive potential of 41.9% compared to the current price of 155.74 € for Boeing Co..
