Boeing Co., one of the Americas biggest multinational company manufacturing, designing and selling rotorcrafts, airplanes, satellites, and missiles to various nations have always been under the investors’ radar. Analysts sure find Boeing stock promising and hence, BA forecast is very much awaited.
The current (1st June 2019) BA stock price is $341.61. Although the stock is in the declining phase for this period, the long term gains would take care of all the past glitches. From last year, there has been a downtrend in the stock price. However, the price will rise the next year with full throttle, as per the BA Forecast by investor analysts. The prices would be even better for a further period.
According to Wallet Invest, the prices are expected to reach $889.038 by 2024. In addition, the revenue of the company will surge by +160.25%. Isn’t that something every investor look for? The answer must be a ‘Yes’.
BA Forecast – Buy or Sell
Being one of the top stocks from its inception, BA is sure to provide huge returns in the future. As of now, the prices are declining and is a signal to ‘buy’. Many experts have backed that opinion as well.
As per the CNN Business, a consensus was reached between 21 analysts who have offered 12-month price forecasts for BA stocks. They have suggested a median target of $434.00. This includes the high estimate of $500.00 and a low estimate of $367.00. According to this estimate, the current price will surge by by+27.05%.
The poll also suggests to ‘buy’ the BA stock. Among all the 23 analysts who participated in the poll, the majority of the analysts voted for the ‘buy’ option.
The Conclusion – Boeing Stock Prediction
The current trend is in favor of the ‘buy’ option. Taking into consideration what BA forecast has to say, it would be a good opportunity to invest in this stock right now. If you are looking for a long term investment, this would be an asset to your current stock portfolio.