Boeing Stock Forecast 2022 is revised to $281

Boeing Stock Forecast 2022 is revised to $281

Boeing Stock Forecast 2022: Boeing Stock Forecast for the next 12 months is $281

Boeing Stock Forecast: Latest Price

Metric Value Trend 
Share Volume 6.13 K Lower 
Forward PE (1 Year) -97.88 N/A 

Boeing Stock Forecast: Performance Chart

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Boeing Stock: The 737 Crash in China

A China Eastern Airlines Boeing 737 was involved in an accident in Wuzhou, Guangxi. Flight MU5735 was flying from Kunming, the capital of Yunnan province, to Guangzhou in Guangdong province. There were 123 passengers and nine crew members onboard the plane. According to FlightRadar24, the plane dropped at a final rate of 29,000 feet per minute, sparking a mountainside fire. The cause of the crash has yet to be determined. The black box, as well as survivors, are being sought by rescue personnel.

The confidence of investors in Boeing has been affected by the plane tragedy in China. The value of the stock has fallen. However, the rest of the aerospace supply chain is performing better, suggesting that the tragedy would not have the same impact on the sector as two fatal crashes of Boeing’s MAX aircraft a few years ago.

Boeing Stock Forecast 2022

Boeing Stock Forecast: Second-Quarter Earnings Summary

Boeing announced the second quarter 2022 earnings report on 27 July 2022. Global return to service of the 737 MAX continues, with progress in China. Boeing reported revenue of $16.7 billion and an operating cash flow is $0.1 million. The GAAP earnings per share was $0.32, and the core (non-GAAP)* loss per share was ($0.37).

Boeing stock forecast

-Rakesh Atla

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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