Quantitative models in the ba stock price forecast anticipate a 0.85 beta correlation with broader aerospace indices, suggesting Boeing could outperform if sector rallies sustain. There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. On the demand side, the pandemic dramatically reduced air travel and aircraft deliveries: Trade group IATA reported that passenger demand declined by nearly two thirds in 2020. While travel has returned to prepandemic levels in most markets, its recovery was patchy and may face renewed disruption at any time, though temporary disruptions of air travel would affect Boeing’s services business much more immediately than its commercial jet business, which has years of orders in backlog. Volatility-adjusted ba stock price forecast positions Boeing within a 3-month price band of $182–$196, assuming stable crude oil pricing supports airline profitability and purchase orders.
