Here's Why Boeing Stock Rocketed Higher Today
(NYSE: BA) stock rose by as much as 8.7% in trading before 10 a.m. today. By 12:10 p.m. ET, the stock was up 5.5%. The move comes as investors cheered the company's first-quarter earnings report, which was released earlier. Frankly, the market had reason to be optimistic.
The aerospace and defense giant is one of the most fascinating stocks. Yes, it has plenty of near-term headwinds and exposure to risk around tariffs and the economy's overall direction. On the other hand, its well-regarded CEO, Kelly Ortberg, has a huge opportunity to engineer a turnaround at the company simply by executing well.
As such, Boeing is almost a "self-help" story, and the good news from this earnings report is that the company seems to be starting to help itself. Boeing and Ortberg need to improve the delivery rate on their commercial airplanes, notably the narrow-body 737 MAX, and the profit margin at the Boeing Defense, Space Security (BDS) business, notably on its troublesome fixed-price development programs.
Source Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 48 Buy predictions and 9 Sell predictions.
With a target price of 202 € there is a slightly positive potential of 14.23% for Boeing Co. compared to the current price of 176.84 €.
