Technical Analysis: Boeing's stock has shown significant volatility recently, with several key developments affecting its price movement. The latest technical indicators suggest a bearish trend in the short term.
News Impact Analysis:
Price Forecast for Next Week: Based on technical analysis and recent news sentiment:
Target Prices:
Recommendation: SELL Rationale:
Expected price movement: The stock is likely to test support levels around $172-$175 next week given the negative news flow and technical weakness. The discovery of cracks in new aircraft and subsequent delivery halt creates significant near-term uncertainty.
The stock's valuation metrics and recent negative developments suggest limited upside potential in the immediate term, with increased downside risks due to operational challenges.
The price of BA is predicted to go up -5.41%, based on the high correlation periods with OSPN. The similarity of these two price pattern on the periods is 92.25%.
BA
OSPN
Boeing has a large backlog that covers several years of production for the most popular aircraft, which gives us confidence in aggregate demand for aerospace products.
Boeing is well positioned to benefit from emerging-market growth in revenue passenger kilometers and a robust developed-market replacement cycle over the next two decades.
We expect commercial airframe manufacturing to remain a duopoly for most of the world for the foreseeable future. We think customers will not have any meaningful options other than continuing to rely on incumbent aircraft suppliers.
Citigroup
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Price Target
$207 → $210
Upside
+16.1%
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2025-01-24
Price Target
$209 → $207
Upside
+17.98%
Barclays
2025-01-06
Price Target
$190 → $210
Upside
+22.6%