Is Boeing Stock a Buy Now?
Despite a miserable 2024, (NYSE: BA) stock has quietly run up 23.5% over the last three months. Is the start of an ongoing move upward or merely a recovery from an oversold position? Here's a look at Boeing's prospects in light of the company's recent fourth-quarter earnings report.
The recent earnings contained a mix of good and bad news. Starting with the good news, Boeing's management reassured investors about the company's most critical issue: the ramp-up in 737 MAX deliveries.
Boeing's plan for 2024 was to stabilize the airplane's production rate at 38 a month and increase it thereafter. Unfortunately, a combination of the need to slow production to improve quality control, and a costly and disruptive labor strike related to a new contract meant Boeing fell far short of expectations.
Source Fool.com
Boeing Co. Stock
Our community is currently high on Boeing Co. with 48 Buy predictions and 9 Sell predictions.
As a result the target price of 202 € shows a slightly positive potential of 14.94% compared to the current price of 175.74 € for Boeing Co..
