Is Boeing Stock Going to $204? 1 Wall Street Analyst Thinks So.

Boeing (NYSE: BA) is quietly having a good run. It's up 11.9% over the last six months, outperforming the 2.2% decline in the S&P 500 (SNPINDEX: ^GSPC) index in the process. In addition, Melius Research had some good news for investors when one of its analysts upgraded the stock to buy and slapped a $204 price target on the stock. Here's the how and why. As previously discussed, there's a healthy bull and bear debate around Boeing stock, and Melius Research has come down on the bullish side, citing confidence in relatively new CEO Kelly Ortberg's turnaround plans. Buoyed by its recent win over Lockheed Martin for the next-generation air dominance (NGAD) F-47 fighter, the analyst shares management's enthusiasm over the deal. Indeed, investors have reason to be confident because the deal is widely reported to be a "cost-plus" deal, rather than the fixed-price development programs that have caused significant losses and margin pressure at Boeing's defense business in recent years. Moreover, Boeing can potentially deliver positive news in 2025 as it ramps up production of the 737 MAX.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool