Boeing Stock Forecast 2023: Will Boeing Stock Price Reach $250?
Boeing Stock Forecast 2023: Boeing Stock is technically bearish. The Boeing Stock Prediction for the Next 12 months is $230.
Latest Price
Boeing Stock Performance vs NASDAQ
Boeing(NASDAQ)
- 1 Month: +15.8 (-5.3)
- 3 Months: +62.9 (-3.8)
- 12 Months: -0.8 (-29.9)
BOEING Stock Price Prediction for the next 12 months
| Average BA Stock Forecast for the next 12 Months | $230 |
| RBC Capital | $225 |
| Jefferies | $250 |
| Citigroup | $248 |
| JP Morgan | $225 |
| Credit Suisse | $200 |
Boeing Stock Forecast 2023: Technical Analysis
Boing in its Q4 of 2022 posted a $663 million loss. The reason behind such a huge loss was the supply chain issues. However, Boing reported an increase in aircraft sales and deliveries.
In the 4th Quarter, Boeing generated $3.1 billion in cash flow. Boeing’s commercial aircraft unit generated $9.2 billion in sales up 94% from a year earlier
Overall Q4 Analysis
| Dec 2022 | Y/Y | |
|---|---|---|
| Revenue | 19.98B | 35.06% |
| Net income | -634M | 84.7% |
| Diluted EPS | -1.06 | 84.9% |
| Net profit margin | -3.17% | 88.68% |
| Operating income | -139M | 96.09% |
| Net change in cash | 1.12B | 165.09% |
| Cash on hand | – | – |
| Cost of revenue | 18.12B | 7.77% |
Boeing missed its EPS and revenue targets in all 4 quarters. In the fourth quarter, EPS was down massively.
| EPS | Revenue | |
| Q4 (Dec 2022) | Miss -919.33% | Miss -0.66% |
| Q3 (Sept 2022) | Miss -7,213.26% | Miss -11.11% |
| Q2 (June 2022) | Miss -246.34% | Miss -4.83% |
| Q1 (Mar 2022) | Miss -995.84% | Miss -12.07% |
Boeing Stock Technical Analysis
Boeing’s Stock price is above $200 once again. On the last trading day, Boeing closed higher and the stock price went above $200.
Performance on the last Trading Day
- Open Price: $198.15
- Close Price: $200.46
- Gain/Loss: +1.17%
- Overall Market Cap: $119.923B
Boeing’s stock price has remained above $200 but on February 14th after hitting a high of around $220, Boeing’s stock price started to retreat and went below $200 for the first time in the last 2 months.
On the chart above Boeing’s stock price has fallen below the 50-day Moving Average. The sellers have outnumbered the buyers as the Relative Strength Index is forming lower lows on the chart.
Despite Boeing’s stock price surging on the last trading day, it is likely to fall again considering the overall momentum of the stock. The support for Boeing is just below $200 at $197.7. Falling below will take BA stock below $190 where it is likely to retest the lower support level at $185.
The chart indicates the price at $211 to be the first resistance for Boeing. The sellers are still in control and despite the buyers trying to push the Boeing stock price higher, the sellers have outnumbered them in the last few trading days.
Overall Boeing stock is bearish for the next day.
The Stochastic RSI indicates BO stock is oversold. A likely consolidation is expected to happen and the Stoch RSI may fall. The MACD chart signal is a sell.
Indicators:
- Moving Average: Bearish
- RSI: Bearish
- Stochastic RSI: Hold
- MACD: Sell
Overall: Sell
Read our analysis of Tesla Stock Forecast 2023
Boeing Stock Forecast 2023: Q3 Results
- The revenue of the company decreased from $16.68B (Q2) to $15.96B (Q3). This happened with a YoY of 4.43% (Q3) as compared to -1.86% YoY (Q2).
- EPS for Q3 stands at -5.50 as compared to 0.32 (Q2), with a YOY growth rate of -2868.67% (Q3) as compared to -67.61% (Q2).
- Cashflow from operating activities is $3,190M (Q3,2022) as compared to ($262M) (Q3,2021), which is an increase of 1317.56% YoY.
- Net Income for Q3 is ($3.37B) with a YoY of -2904.56%.
- Segment-wise revenue data: Commercial Airplane $6263M, Defense, Space & Security $5307M, Global Services $4432
Boeing is to revive itself again, after restarting its 737 Deliveries. With the supply chain disruptions happening, the stock is not performing well yet. So, it is up to the investors to believe Boeing will successfully recover.
Boeing Stock Forecast Today
| Overall Outlook | Neutral |
| 1. Market's Wisdom | Neutral |
| 1a. Market Data | Neutral |
| 1b. Technical Recommendation | Neutral |
| 2. Crowd's Wisdom | Partially Bearish |
| 2a. Social Media Buzz | Steady |
| 2b. Social Media Sentiment | Neutral |
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-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.