Prediction
Fill-in-the-Blank:
Boeing (NYSE:BA) will have a share price of $___ USD when markets close on March 1, 2024. (View Statement)
Value: 270.0
Extends: None
Forecasts Extending This One: None
Justification
Written on Jan. 29, 2024, 9:05 p.m.
Based on the content provided, here are the critical bullet points extracted to inform the forecast for Boeing's (NYSE:BA) share price when markets close on March 1, 2024:
- Boeing Co (NYSE:BA) current share price as of the latest closing is $205.19 with a -0.14% change.
- The 52-week range for Boeing shares is between $176.25 and $267.54.
- Year-to-date, Boeing's share price has declined by -21.28%.
- The median 12-month price forecast for Boeing Co by 27 analysts is $270.00, representing a +31.59% increase from the last price of $205.19.
- The high estimate for Boeing's share price by analysts is $325.00, and the low estimate is $190.00.
- Current consensus among 32 polled investment analysts is to Buy stock in Boeing Co.
- Earnings per share (EPS) for the current quarter is forecasted at $0.69 with sales expected to be $21.9 billion.
- Growth forecasts include a quarterly earnings growth of 121.24% and an annual growth rate of 86.31%. Sales are expected to grow quarterly by 20.79% and annually by 16.83%.
Logic and Rationale for Forecast:
Given the provided analyst sentiment indicating a strong buy consensus and a sharp anticipated growth in earnings and sales, despite a significant year-to-date decline, there seems to be optimistic future expectations for Boeing's financial health and stock performance. The broad range of analyst price targets, especially the high estimate of $325.00, signals market confidence in Boeing's recovery and growth potential. The current economic context, including recovery from the pandemic-induced downturn and Boeing's strategic position in the aerospace sector, is likely to fuel the rebound. In view of this data, my forecast encapsulates the analysts' positive outlook, considering the median target as a conservative expectation amid potential market volatility and geopolitical factors that may influence the aerospace and defense sectors.
Therefore, based on the analysis:
Boeing (NYSE:BA) will have a share price of $270 USD when markets close on March 1, 2024.