Boeing Stock Price Target: Analysts Predict High Growth Potential
A Look at Boeing's Stock Price Forecast
The Boeing Company (BA) is a leading aerospace and defense company with a global presence. The company's stock has performed well in recent months, and analysts are optimistic about its future prospects.
Analyst Predictions
The 19 analysts with 12-month price forecasts for Boeing stock have an average target of $246.74, with a low estimate of $210 and a high estimate of $275. Based on the short-term price targets offered by 19 analysts, the average price target for Boeing comes to $249.53. The forecasts range from a low of $210.00 to a high of $309.62.
BA's Return on Equity (ROE) is forecast to be very high in 3 years time, at 34.98%.
Recent Analyst Ratings
Citigroup recently cut Boeing's price target to $252 from $263, but maintained a "buy" rating. UBS has also maintained a "buy" rating for Boeing.
As of April 3, 2024, 4:00 PM, Boeing's stock price was $400.00.
Analyst Consensus
With an average price target of $167.33 from Melius Research, Citigroup, and Benchmark, there is an implied -8.47% downside for Boeing Co from these three analyst ratings.
Future Outlook
The excellent news is that Boeing's FCF target for 2025 through 2026 makes the stock look great. Management is looking for operating cash flow of $12 billion and...
BA will report its Q2 2023 results on Wednesday, July 26. We expect the company's revenues to come in at $18.2 billion, slightly below the consensus.
Boeing beat analyst consensus with higher-than-expected revenues of $19.75 billion in Q2 2023. The commercial airplanes unit shows a steeper loss while the...
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