Key Highlights:
- Boeing (BA, Financial) shares rally 6.3% in pre-market as Q1 loss narrows.
- Consensus analyst forecast suggests a 12.46% upside potential.
- Boeing's GF Value indicates a 9.01% possible appreciation.
Boeing (NYSE: BA) has caught the market's attention as its stock surged by 6.3% in pre-market trading. This gain follows the company's report of a Q1 core loss per share of just 49 cents, considerably better than the projected loss of $1.30 per share. The improvement is attributed to enhanced operational efficiency and a significant $10.55 billion transaction involving parts of its digital aviation solutions business.
Wall Street Analysts' Insights and Forecasts
In the realm of Wall Street projections, 24 analysts have set their one-year price targets for Boeing Co (BA, Financial), with an average price target of $194.88. These estimates range from a high of $233.00 to a low of $111.00. The average target suggests a promising upside of 12.46% from the current trading price of $173.29. Investors looking for more intricate detail on these projections can visit the Boeing Co (BA) Forecast page.
Boeing Co (BA, Financial) is also receiving favorable sentiment from 29 brokerage firms, resulting in an average brokerage recommendation score of 2.2. This positions the stock as "Outperform" on a scale where 1 is a Strong Buy and 5 represents a Sell recommendation.
According to GuruFocus metrics, Boeing Co (BA, Financial) boasts a projected GF Value of $188.90 for the upcoming year. This evaluation points to an approximate upside of 9.01% from its current share price of $173.29. The GF Value is an estimation of the stock's fair trading value, derived from historical trading multiples in conjunction with past growth trends and anticipated business performance. For a deeper dive into Boeing's valuation, the Boeing Co (BA) Summary page offers a comprehensive overview.
