Boeing (NYSE: BA) spent a difficult time in 2024. In fact, Boeing Stock was the worst performance in the DJIA Industrial Index (DJIA) during the year, losing 32.1 % of its value.
There is no lack of error that occurred in the company last year. Among the catastrophic eruptions of air in the air and accidents of violations to the delays of production and employment conflicts, all that could have been mistaken in Boeing.
However, there is a silver lining in the dark clouds – the Wall Street analysts slowly began to adopt a more optimistic tone when discussing the giant space. Again in early January, Barclays, Wolfe Research and Deutsche Bank repeated the previous “purchase” or “weight gain” assessments. All companies concerned have reviewed their prices up.
By the time of the press on February 10, the bachelor’s shares were traded at $ 183.58, which represents an increase of 3.71 % on a year to the date (YTD).
This trio of upper analysts is now quadruple – as Citi has set a new goal for BA’s shares – which sees a 14 % increase.
Citi believes that one of the main division will lead Boeing stock gains
On February 10, the Citi Jason Gursky analyst for the “purchase” ranked “purchase” of Boeing arrow. The researcher increased its target price from $ 207 to $ 210. If Ment, the target GURSKY price will represent 14.39 % of the current Boeing stock.
Why did he perform another upward review? In a common note with investors, Gorsky expressed optimism regarding the Boeing division of defense, space and security (BDS). The researcher pointed to the administration’s expectations that BDS will return to high -range margins of one in the medium term, as the programs that are transferred so far have stabilized, despite fears that the company’s contract mix will turn towards fixed prices.
Gursky was reflected in the fact that BDS has achieved standard margins of 19.5 % in the fourth quarter of 2024. Airlines are also expected to maintain revenue growth in the middle of the number, the mid -teenage margin, and a high cash flow. The department continues to focus on increasing the production of 737 as a maximum and 787, and the administration expects that the negative margins will rest in 2026.
In addition, leadership expects to see a free improvement in cash flow (FCF) in 2025, as well as a positive cash flow in the last half of 2025.
Despite the last company’s profit call, including the largest losses ever, analysts seem to have confidence that Boeing can recover in the long run. In the last quarter of 2024, BA’s shares also got a vote of confidence from Jim Cramer – and although he is known for his many mistakes, the Boeing stock price has increased since its recommendation.
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