Boeing (BA) Stock Price Forecast & Long-Term Predictions

• Price Today — 177.35 USD.

• Price at Q1 of 2024 — $192,99.

• Price for next year 2025 — $184.

• Long term price 2025-2030 — $184-$480.

A bearish trend has been observed in quotes since the beginning of 2024. However, some technical analysis tools are giving bullish signals. In the long term, the stock is recommended for inclusion in brokerage accounts. 18 experts rate it as a buy. The average price target is $222.28. This corresponds to an increase of 26.04%.

In mid-May 2024, technical analysis tools give a strong buy rating on some of the timeframes. For example: 

1. The moving averages on the hourly graph are below the price line. 

2. On the daily graph, the RSI, MACD, STOCH, etc. all point to buying.

3. The MA200 is below the current price on the MN1 timeframe. 

Despite the general downward trend, prices may rise in the short term. However, the Momentum indicator is not giving any trading signals yet. There are no candlestick patterns at the time of writing.

In the event of a decline, support can be found at $184.24, $180.55 and $176.10. A breach of these levels will be a strong sell signal. The next resistance level is at $187.78.

At the beginning of 2024, the company faced a number of difficulties. Several accidents involving its aircraft occurred within a short period of time. An investigation was launched in the US. The result was a drop in demand for the aircraft. At the same time, the issuer has weak fundamentals. 

Despite this, the analyst rating is Moderate Buy. Many believe that the company will overcome its difficulties as early as next year. They also predict growth of up to 2 times and more in the next 5 years. 

Over the past month, however, several agencies have already lowered their price targets for the next 12 months. In the event of an unfavorable outcome of the investigation or new incidents, the multi-year scenarios could also deteriorate. 

The company has only one advantage on its side: the positive attitude of analysts and bloggers. Rich Smith of The Motley Fool expects EPS to rise to $16 by 2028. He sees growth potential in the current crisis. In his opinion, this situation will lead to increased sales in the coming years.

There are more compelling reasons not to invest in BA. These are fundamental valuations and the news agenda. Hedge funds are less bullish than analysts. They are predominantly selling assets.

A reduction in aircraft deliveries is noted in early 2024. Management recognises the need to improve quality by reducing production rates. This will have a negative impact on cash flow. There are also problems in Boeing's defense business.

That said, some analysts expect sales to continue to grow until 2024, and have represented the following targets:

• $210 — BofA Securities and JP Morgan;

• $215 — RBC Capital;

• $246 — CoinPriceForecast.

There are also bearish scenarios. Chris Olin of Northcoast Research, for example, sees the metal falling to $140. This is the lowest price target set by analysts. He has a strong sell rating on the stock.

Investors expect the company to bring earnings in 2025. According to Stock Analysis' calculations, EPS will be between $2.3 and $10.25. This result is only possible if the rate of commercial aircraft deliveries increases. 

Sheila Kahyaoglu of Jefferies expects prices to reach $300 by mid-2025. According to her, Boeing's strength is the 787 Dreamliner. But in the first half of May 2024, only 6 planes were delivered to customers. 

As a result, other experts estimate the company less optimistic:

• $193.62 — StockRaven;

• $199.36 — Coincodex;

• $246 — CoinPriceForecast.

There are aggressive bullish scenarios for 2026. The CoinPriceForecast platform shows maximum confidence in the company's success. Their target level is $309 at the end of the year. The expected EPS is $5.39 - $14.02. But most experts give more moderate figures:

• $217.63 — Stockraven;

• $217.98 — Coincodex;

• $230-$276 — Longforecast.

BeatMarket analysts believe that quality control issues will not be resolved quickly. As a result, we do not expect a significant increase in prices from current levels. 

Revenues are expected to grow until 2027. In the pessimistic scenario it will be $105.2 billion. In the bullish scenario - $134.8 billion. Optimistic analysts suggest the following price targets:

• $234.29 — Stockraven;

• $239.17 — Coincodex;

• $282-$332 — Longforecast;

• $319 — CoinPriceForecast.

However, extrapolation of past data casts doubt on positive expectations. In addition, the company reported a decline in new orders up to the end of April 2024. And some customers are abandoning contracts they have already signed. 

Experts' optimism is based on the fact that the company has overcome similar crises in the past. Many experts believe that it will be able to restore the supply of passenger aircraft. Others say the company is capable of posting good financial results even if it exits the business completely. 

Some analysts therefore see 2024 as an opportunity to buy a good company at a low price. Targets for the next 5 years:

• $261.76 — Stockraven;

• $261.50 — Coincodex;

• $355-$417 — Longforecast;

• $$383 — CoinPriceForecast.

The experts at BeatMarket believe that it is too optimistic to expect a multiple of 2 or more. In our view, there is no reason to believe that Boeing's results will return to 2018 levels in the coming years.