Why Boeing Stock Is Flying Higher Today
It has been a difficult few years for (NYSE: BA), but one Wall Street analyst is out with a prediction that better times are at hand. Investors are taking note, sending shares of Boeing up 4.5% as of 2 p.m. ET Monday.
Boeing's shareholders have been on a journey they'd likely rather forget. The stock has lost half of its value since early 2019 on a combination of engineering issues and a pandemic-related sales decline.
But the worst appears to be over. Airlines are flying again post-pandemic and have resumed ordering new planes. The 737 MAX was grounded for 18 months following a pair of fatal crashes but is airborne again over most of the globe, and other new airframes, including the 777X, are winning new orders.
Source Fool.com
Boeing Co. Stock
€187.48
-1.790%
The stock is one of the favorites of our community with 37 Buy predictions and 2 Sell predictions.
As a result the target price of 230 € shows a positive potential of 22.68% compared to the current price of 187.48 € for Boeing Co..
