Problems With the 737 MAX or Not, Here's Why Boeing Stock Is a Buy
It's been a tough past few weeks for Boeing (NYSE: BA) and its shareholders. Concerns about the safety of its ballyhooed 737 MAX jets were rekindled early last month after loose bolts were discovered by two different airlines' maintenance workers.
A mid-flight panel blowout on an Alaska Airlines 737 MAX 9 jet just a few days later only exacerbated these worries. The fourth quarter's earnings and revenue both ended up rolling in better than expected, and the company even narrowed its loss. But the stock's still losing ground.
Interested investors may still want to use this weakness as a buying opportunity, though. There's one number saying the company's going to be fine despite the seemingly never-ending problems with its 737 MAX series of commercial jets.
Source Fool.com
Boeing Co. Stock
Currently there is a rather positive sentiment for Boeing Co. with 30 Buy predictions and 5 Sell predictions.
With a target price of 233 € there is a positive potential of 48.56% for Boeing Co. compared to the current price of 156.84 €.
