Here's Why We Think Boeing Stock Is Undervalued At $170
Boeing (NYSE: BA) recently reported its Q1 results, with top and bottom lines above street estimates.
Source: forbes.com
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Boeing (NYSE: BA) recently reported its Q1 results, with top and bottom lines above street estimates.
Although there are near-term headwinds for the company stemming from the ongoing 737 MAX 9 issues, we believe BA stock has ample room for growth.
Boeing stock (NYSE: BA) currently trades at $229 per share, around 10% below its level in March 2021, and it seems like it can see higher levels over time.
We expect the company to post a loss of $0.94 per share on an adjusted basis, slightly below the consensus estimate of $0.89 loss per share.