Boeing (BA, Financial) has started relocating its 737 Max aircraft, initially produced for Chinese airlines, back to the United States. The first of these jets, originally intended for Xiamen Air, recently traveled from Zhoushan, China, to Guam.
This move is part of Boeing's broader strategy to manage its inventory, as at least two additional planes remain in Zhoushan, pending further decisions regarding their delivery. The company is actively exploring options for these undelivered aircraft amidst shifting international demand and geopolitical dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Boeing Co (BA, Financial) is $196.26 with a high estimate of $250.00 and a low estimate of $111.00. The average target implies an upside of 21.22% from the current price of $161.90. More detailed estimate data can be found on the Boeing Co (BA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Boeing Co's (BA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boeing Co (BA, Financial) in one year is $188.90, suggesting a upside of 16.68% from the current price of $161.9. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boeing Co (BA) Summary page.
