Why Boeing Stock Is Flying Higher Today
It has been a difficult few years for (NYSE: BA), but one Wall Street analyst is out with a prediction that better times are at hand. Investors are taking note, sending shares of Boeing up 4.5% as of 2 p.m. ET Monday.
Boeing's shareholders have been on a journey they'd likely rather forget. The stock has lost half of its value since early 2019 on a combination of engineering issues and a pandemic-related sales decline.
But the worst appears to be over. Airlines are flying again post-pandemic and have resumed ordering new planes. The 737 MAX was grounded for 18 months following a pair of fatal crashes but is airborne again over most of the globe, and other new airframes, including the 777X, are winning new orders.
Source Fool.com
Boeing Co. Stock
€155.74
-5.860%
With 40 Buy predictions and 4 Sell predictions Boeing Co. is one of the favorites of our community.
With a target price of 221 € there is a positive potential of 41.9% for Boeing Co. compared to the current price of 155.74 €.
