Long-Term Play in Boeing (BA)

about 1 month ago

Mark Ren

"And that leads us to stock number two, which is going to be Boeing, stock ticker BA. And when it comes to Boeing, this is one that I'm definitely very excited about from a long-term perspective. But if we fall into a slower economic period, this is also a stock that comes with heightened risk as well. The company currently has a market cap of $155 billion. Over the past 12 months, shares are up 28% and year-to-date up 12%. However, since reporting earnings and really over the past month when they hit a new 52-week high, shares are down nearly 20%, which has me intrigued about entering a position in Boeing. Analysts have a 12-month average price target of $257 per share, implying nearly 30% upside."

The speaker expresses strong long-term enthusiasm for Boeing despite recent pullbacks, noting significant historical gains and a recent 20% decline. He points to a 12-month price target of $257, suggesting roughly 30% upside as an opportunity to enter.

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