Can Boeing Stock Reach $224 Soon? Analyst's Forecast and What to Consider
Wednesday, 1 May 2024, 11:15
Boeing Stock Outlook
A Citigroup analyst predicts Boeing (NYSE: BA) stock could hit $224, reflecting substantial growth potential.
A Strong Start to the Year
- Boeing outperformed revenue estimates, instilling confidence in a brighter future.
- Analyst Jason Gursky's revised target price implies over 36% upside expectations.
Growth Amid Challenges
Despite ongoing quality concerns, Boeing's robust order backlog and market demand remain strong, potentially driving future stock gains.
Investors should consider Boeing's progress with current issues before deciding to invest.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.