#6 - Boeing (NYSE:BA)
The global pandemic was challenging for the airline industry but must have been an absolute to Boeing (NYSE:BA). The company struggled through 2019 battered by difficulties in getting its 737-Max Jet approved after it was implicated in two separate crashes.
So when the stock dropped 70% at the onset of the pandemic, it took nerves of steel to continue to hold BA stock. I like how MarketBeat’s Sam Quirke described Boeing as a stock that many investors will view as “the one that got away.” But it’s hard to blame investors for getting anxious about holding BA stock when it was a falling knife.
However, with airline traffic getting stronger by the day, analysts are seeing a pass-through effect to Boeing and by extension BA stock.
The company continues to be burning through a significant amount of cash. And recovery to Boeing’s balance sheet won’t happen overnight. But with the stock more than 37% below its high of over $400 a share, this looks like a good entry point.
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)
