Key Takeaways:
- Boeing's strategic venture with ULA positions it favorably for U.S. military contracts.
- Analysts project significant upside potential for Boeing stock in the coming year.
- GuruFocus estimates suggest a robust growth trajectory for Boeing's stock value.
Boeing's (BA, Financial) joint venture, United Launch Alliance (ULA), has recently achieved a significant milestone by receiving U.S. Space Force certification for its Vulcan Centaur rocket. This certification opens the door for ULA to compete for national security launches, a strategic advantage that could potentially enhance the profits of co-owners Boeing and Lockheed Martin. With ULA targeting 12 launches this year and aiming to increase to 20 next year, this development is poised to strengthen Boeing's financial outlook.
Wall Street Analysts Forecast
According to the insights from 23 analysts, Boeing Co (BA, Financial) has a one-year average price target of $200.10. This estimate varies, with a high projection of $250.00 and a low of $113.00. The average target price indicates a potential upside of 46.49% from Boeing's current share price of $136.59. For more in-depth analysis, investors can visit the Boeing Co (BA) Forecast page.
Based on evaluations from 28 brokerage firms, Boeing Co's (BA, Financial) current average brokerage recommendation is 2.2, categorizing it as "Outperform." This rating employs a scale where 1 signifies a Strong Buy and 5 represents a Sell.
According to GuruFocus estimates, the projected GF Value for Boeing Co (BA, Financial) over the next year stands at $189.36. This suggests a prospective upside of 38.63% from the present price of $136.59. The GF Value is GuruFocus' calculated fair value, derived from historical trading multiples along with past and predicted business growth metrics. For further details, please refer to the Boeing Co (BA) Summary page.
