Summary:
- Malaysia Aviation Group considers purchasing Boeing 737 MAX planes amid potential delivery pauses by Chinese airlines.
- Analysts predict a positive outlook for Boeing Co (BA, Financial) with an average price target of $196.26, suggesting significant upside potential.
- GuruFocus estimates indicate a substantial 16.68% upside in Boeing's stock value within a year.
Malaysia Aviation Group, the parent company of Malaysia Airlines, is actively exploring opportunities to acquire Boeing's (BA) 737 MAX aircraft. This strategic consideration comes amid rising prospects that Chinese airlines might suspend deliveries due to ongoing U.S.-China trade tensions. By potentially securing these aircraft, Malaysia Aviation could accelerate its fleet expansion, gaining a competitive edge in securing sought-after aircraft slots.
Wall Street Analysts' Predictions for Boeing
According to one-year price targets provided by 24 analysts, Boeing Co (BA, Financial) has an average target price of $196.26. The estimates range from a high of $250.00 to a low of $111.00. This average target represents a potential upside of 21.22% from the current stock price of $161.90. For more detailed forecast data, visit the Boeing Co (BA) Forecast page.
Furthermore, the consensus recommendation from 29 brokerage firms places Boeing Co's (BA, Financial) average brokerage recommendation at 2.2, indicating an "Outperform" status. On this scale, 1 represents a Strong Buy, while 5 suggests a Sell. This aligns with the positive sentiment surrounding Boeing's market performance.
GuruFocus estimates suggest that the GF Value for Boeing Co (BA, Financial) over the next year is projected to be $188.90. This estimation reflects a potential upside of 16.68% from the current price of $161.90. The GF Value represents GuruFocus' calculated fair value based on historical trading multiples, past business growth, and anticipated future business performance. For comprehensive data, refer to the Boeing Co (BA) Summary page.
