Could Boeing Stock Go Up Another 36%? 1 Analyst Thinks So

Could Boeing Stock Go Up Another 36%? 1 Analyst Thinks So

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Boeing (NYSE: BA) stock has soared 75% over the past year -- a nearly continuous rise from $134 last August to more than $230 a share today. But one analyst thinks Boeing could surprise investors with even more gains in the year to come. As investment banker Bernstein writes this morning in a note outlined on StreetInsider.com (requires subscription), Boeing has two initiatives underway that could drive further upside for Boeing stock. If just one of these projects works as planned, Boeing stock could soar to $300 a share -- and beyond.

Here are three things you need to know about that.

Continue reading

Source: Fool.com