#3 - Boeing (NYSE:BA)
For a stock that analysts believe has more upside, you should look at Boeing (NYSE:BA). After a terrible 2019 marred by safety concerns over its 737 MAX jets, Boeing was whacked by the pandemic. And although BA stock rebounded in a big way in 2020, it struggled to gain traction in 2021. In fact, the stock gained just 4% in the last 12 months.
However, analysts view Boeing stock as being undervalued with an upside of 26.9%. A significant reason for this is that analysts believe that the worst is over. That opinion received some bullish support when Safran, the French aerospace company, announced it would be hiring 12,000 employees in expectations of a recovery in the aerospace industry.
The question will be how quickly investors should expect capital growth in the stock. The real growth isn’t forecast until 2023 when Boeing is expected to return to profitability. That also means it won’t be until sometime after that when Boeing may decide to reinstate its dividend.
About Boeing
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.
Read More - Current Price
- $149.29
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $190.37 (27.5% Upside)
