Where Will Boeing Be in 10 Years?
The long-term case for buying (NYSE: BA) stock is powerful. After all, despite its issues in recent years, the company's global market position won't disappear anytime soon. In addition, Boeing has almost 6,200 unfilled orders, and many of its issues are in its own hands. With a new and highly respected CEO, Kelly Ortberg, at the helm, Boeing's best days lay ahead.
Former CEO Dave Calhoun pulled back on plans to develop a mid-sized airplane after he took over in early 2020, and last year, he told the market that there wouldn't be a new airplane in place before 2035.
Given how critical developing new airplanes is to the long-term investment case, investors should focus on what kind of financial shape Boeing will be in if and when it has a new aircraft in delivery over the next decade.
Source Fool.com
Boeing Co. Stock
The stock is one of the favorites of our community with 53 Buy predictions and 4 Sell predictions.
As a result the target price of 220 € shows a slightly positive potential of 15.91% compared to the current price of 189.8 € for Boeing Co..
