Boeing Lay's low at Paris Air Show
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Despite its current price of approximately $205, which may seem like a reasonable valuation, we do not consider Boeing stock to be a compelling investment at this moment.
Boeing stock strongly outperformed the S&P 500 in 2024 driven by robust airplane orders and improving production stability. Learn more on BA stock here.
Boeing had been set to stand trial, starting on June 23, for allegedly misleading federal regulators about a stability-control system in the 737 MAX that played a role in the crashes of Lion Air Flight 610 in 2018 and Ethiopian Airlines Flight 302 in 2019. In total, 346 passengers died in the plane crashes.
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Boeing's shares appear overvalued at $200 amid risks, high P/E ratios, and competition. Click here to read an analysis of BA stock now.
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Boeing now expects worldwide demand for 43,600 additional commercial airplanes over the next 20 years, slightly lower than its earlier forecast
Despite its current price of around $205 and what might appear to be a moderate valuation, we believe Boeing stock is not an attractive buy at this time. Our analysis, which evaluates Boeing’s current valuation against its recent operating performance and financial health, reveals several major concerns.
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