#6 - Boeing (NYSE:BA)
In early 2019, the thought of Boeing (NYSE:BA) making a list of undervalued stocks would have been laughable. At that time BA stock was trading at $440.52. Then the company went through not one, but two, tragic airplane crashes in which the company’s software for its 737 MAX was being cited for several failures.
Then, just as the company was recovering from that, the Covid-19 pandemic grounded airlines. New orders were put off and there was less maintenance required for existing fleets. At one point in March 2021, you could buy shares of Boeing stock for under $100. If you did, you are relishing your good fortune.
But if you didn’t BA stock still looks like an undervalued play as the airline industry continues to recover. Analysts are becoming increasingly bullish on the company. The company’s fortunes will largely depend on having no more hiccups in 2021, but if the skies remain open for business, investors should be rewarded for their investment.
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
- $148.40
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 9 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $190.37 (28.3% Upside)
