Boeing Stock Price Forecast: Deutsche Bank Sees A 30% Upside

gray and white airplane on flight near clear blue sky

Image Source: Unsplash

The year-to-date decline in shares of Boeing Co (NYSE: BA) is an opportunity to buy a quality name at a deep discount, says a Deutsche Bank analyst.

Boeing stock could climb back to $240

Scott Deuschle reiterated his “buy” rating on the aerospace giant this morning. He did, however, trim his price objective to $240 which nonetheless suggests close to a 30% upside from here.

The analyst lowered his price target on Boeing stock today primarily due to the ongoing operational and regulatory hurdles that he warns could result in a significant blow to the company’s free cash flow.

Deuschle’s bullish call arrives only a day after $BA was reported considering cutting Spirit AeroSystems’ ties with rival Airbus.

Boeing shares are currently down roughly 25% versus the start of 2024.

Deuschle sees several downside risks for BA

Scott Deuschle also expects the ongoing challenges of Boeing Co to result in a hit to its per-share earnings this year through 2027.

The Deutsche Bank analyst cited several downside risks that could weigh on Boeing stock moving forward including further delay in deliveries, additional charges in its defense, space, and security business, and delay in aircraft certification.

$BA did narrow its loss further in its fiscal fourth quarter but cited continued struggles as it refrained from offering guidance for the future in late January as Invezz reported here.

Note that Boeing shares do not currently pay a dividend yield.

More By This Author:

Micron Stock Pops 15% As AI Demand Helps It Post A Surprise Q2 Profit
Boeing Reportedly Wants To Cut Spirit Aerosystems Ties With Rival Airbus
Chipotle Just Announced A 50-For-1 Stock Split

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.