Ba stock price forecast short-term ba stock price forecast

Short-term ba stock price forecast models price Boeing in the $180–$190 range, factoring in currency impact from stronger USD and geopolitical defense spending across NATO member nations. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near-term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. The company ended 2023 with about $52 billion in debt and $16 billion in cash, $4 billion less net debt than at the end of 2022. But subsequent turmoil in its core businesses left the company with $10.5 billion in cash and $57.5 billion in debt at the end of the third quarter of 2024. Facing a prolonged machinists’ strike and to stave off a debt ratings downgrade, the company announced layoffs to cut costs and issued $23 billion of combined equity and convertible preferred stock due 2027. Macro trends impacting ba stock price forecast include resilient passenger traffic growth at 7% YoY, driving airline fleet replenishments that directly feed Boeing’s commercial pipeline.