Credit Suisse Upgrades Boeing (BA:NYE) to Neutral, is Stock Now Overvalued?

Boeing Stock Forecast and Analysis:

The Boeing Company is a publicly traded company, and its stock price is closely watched by analysts and investors. Based on the stock forecasts from 16 analysts, the average target price for The Boeing Company’s stock is USD 198.81 over the next 12 months. This means that on average, analysts believe that the stock will trade at that price or higher within the next year.

The Boeing Company’s average analyst rating is “Buy”, which indicates that on average, analysts believe that the stock is likely to perform well and that investors should consider purchasing shares.

Stock Target Advisor’s own stock analysis of The Boeing Company is Bearish, which is based on 1 positive signals and 9 negative signals. This means that the metrics have identified more negative signals than positive signals, indicating that the stock may not perform well in the near term.

At the last closing, The Boeing Company’s stock price was USD 208.03.  The Boeing Company’s stock price has changed by +2.16% over the past week, +15.87% over the past month and -3.70% over the last year. This indicates that the stock has gone up 2.16% in the past week, 15.87% in the past month, but decreased by 3.70% over the last year.

Analyst Coverage Change

On January 12th, Credit Suisse, a global financial services company, released a research report on The Boeing Company and upgraded the stock to Neutral from Underperform. Credit Suisse has changed its opinion on the stock, and now views it as relatively neutral as opposed to seeing significant downside to the stock price.

The analyst also set the  price target at $200 on the stock. The price target is the 12 month forecast estimate of BA’s stock future price, which is typically based on the company’s financial performance, industry trends, and other factors. Credit Suisse’s price target of $200 suggests that the analyst  believes that the stock is currently overvalued by $8 per share.

Yesterday,  on January 11th STA Research, an independent research firm, released a research report on The Boeing Company and maintained the stock with its Hold rating.   The report has the 12  month price target set at $170 on the stock.  STA Research’s price target of $170 also suggests that the stock is currently overvalued, the same as Credit Suisse.

Bank of America also has a Neutral rating on the stock, with a $190 price target.  The average consensus target price of Boeing is $198, which indicates that most analysts now believe that the stock is in a overvalued or in a overbought position.

 

 

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