US startup Boom Supersonic achieves supsersonic speed with XB-1 jet By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Breakthrough in Supersonic Flight: US startup Boom Supersonic has successfully tested its XB-1 jet, becoming the first privately funded plane to exceed the speed of sound, with plans to develop a new aircraft called Overture that aims to cut transatlantic flight times in half.
Regulatory Challenges Ahead: CEO Blake Scholl highlights current regulations as a major hurdle, noting restrictions on supersonic flights over land, while expressing optimism about future changes and the economic advantages of Overture compared to the Concorde.
Analyst Views on UAL
Wall Street analysts forecast UAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UAL is 139.07 USD with a low forecast of 115.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
15 Buy
1 Hold
0 Sell
Strong Buy
Current: 110.400
Low
115.00
Averages
139.07
High
156.00
Current: 110.400
Low
115.00
Averages
139.07
High
156.00
About UAL
United Airlines Holdings, Inc. is a holding company. The Company transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The Company, through United Airlines, Inc., and its regional carriers, operates across six continents, with hubs at Chicago O'Hare International Airport (ORD), Denver International Airport (DEN), George Bush Intercontinental Airport (IAH), Los Angeles International Airport (LAX), Newark Liberty International Airport (EWR), San Francisco International Airport (SFO), Washington Dulles International Airport (IAD) and A.B. Won Pat International Airport (GUM). Its hub and spoke system allow it to transport passengers between a large number of destinations with frequent services. The Company has contractual relationships with various regional carriers to provide regional aircraft service branded as United Express. It provides freight and mail transportation services (Air Cargo).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
