Investors will be forgiven for wondering whether the question should be where (NYSE: BA) will be in the next three months, let alone three years. It's already been a highly eventful year for the company, raising more questions about its midterm guidance. Here's how to consider investing in Boeing over the next few years.

When CEO David Calhoun laid out Boeing's midterm guidance of free cash flow (FCF) of $10 billion in the 2025/2026 time frame, he was probably aiming to hit the target in 2025. However, there are now serious doubts about Boeing's ability to hit the target in 2026.

Interestingly, the Wall Street analyst consensus for FCF in 2026 is significantly lower at just $8.2 billion. Despite this, Boeing's management remains steadfast and holds onto the target.

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Source Fool.com