New Price Target for Boeing as Hot Streak Overshadows $53 Billion Hurdle
Boeing is one of the hottest stocks in the market, and there's more upside ahead.
You're reading 0 of 1 free page.
Register to read more or Unlock Pro — 50% Off Ends Soon
Has any stock exemplified Murphy’s law better than Boeing?
- A series of air disasters and malfunctions caused the Federal Aviation Administration to temporarily ground Boeing’s 737 MAX aircraft
- The Boeing Starliner space mission was supposed to last a week. Instead, the crew was stranded for eight months before being rescued by SpaceX in March 2025.
- Supply chain disruptions, manufacturing defects, strikes and quality control issues have plagued the Virginia-based aerospace company
These and other events shook the confidence of not just passengers, but investors as well. Owning this stock has been more frustrating than a canceled flight. Shares of Boeing have fallen in four of the past five years, while the S&P 500 has gained ground in four of the past five years.
Hold Your Nose and Buy
By the start of this year, Boeing was one of the most hated stocks on the planet. So, I bought it. I figured Boeing's run of misfortune wouldn't last forever.
Boeing conformed with a strategy that involves investing in the worst performing members of the Dow Jones Industrial Average. With a 32% loss in 2024, Boeing was the worst performing stock on the venerable index for that year.
This year, it’s a different story. Boeing has gained about 20%, beating the major indexes handily. The stock has soared nearly 60% since bottoming on April 7, less than six weeks ago.
How High Can Boeing Fly?
According to the charts, Boeing could still fly higher. The stock has already cleared an area of heavy resistance in the 190/195 area (point A).
The next potential trouble spot comes in near $217 (point B). If Boeing can clear that hurdle, the door is opened to the next major area of resistance, near $260 (point C).
Based on the momentum of both the market and the stock, $260 is achievable, so I’m setting that figure as my new price target for Boeing.
The Clouds Are Lifting
Earlier this week, Boeing entered an agreement to provide as many as 210 aircraft to Qatar Airways. The deal includes 130 of Boeing’s 787 Dreamliners, 30 of the new 777-9 model, and options for 50 more aircraft.
Also this week, Boeing announced that it delivered 45 commercial aircraft in April, nearly doubling the figure from last April.
Boeing isn’t in the clear just yet. Years of mistakes and mismanagement left Boeing deeply in debt, to the tune of $53.9 billion. But at least for now, the clouds appear to be lifting.
At the time of publication, Ponsi was long BA.
