Home Editor's Pick Boeing stock price forecast: Northcoast Research sees 15% downside

Boeing stock price forecast: Northcoast Research sees 15% downside

by PeakPerformanceMonday

Boeing, the world’s largest aerospace company, has been facing a lot of challenges lately. The company has been struggling with the grounding of its 737 MAX planes, which has resulted in a significant decline in its stock price. Recently, Northcoast Research, a leading investment research firm, has released a report that predicts a 15% downside for Boeing’s stock price.

According to the report, the grounding of the 737 MAX planes has had a significant impact on Boeing’s financial performance. The company has been losing billions of dollars in revenue due to the grounding, and it is expected to continue to do so until the planes are cleared to fly again. The report also highlights the fact that Boeing’s competitors, such as Airbus, have been gaining market share due to the grounding of the 737 MAX planes.

The report predicts that Boeing’s stock price will continue to decline in the coming months, as the company struggles to get the 737 MAX planes back in the air. The report also suggests that the company’s financial performance will be negatively impacted by the ongoing trade war between the US and China, as well as the global economic slowdown.

Despite the negative outlook for Boeing’s stock price, the company remains optimistic about its future. Boeing’s CEO, Dennis Muilenburg, recently stated that the company is committed to ensuring the safety of its planes and that it is working closely with regulators to get the 737 MAX planes back in the air. The company has also announced plans to invest in new technologies, such as autonomous flight systems and electric planes, which could help to drive future growth.

In conclusion, the Northcoast Research report paints a bleak picture for Boeing’s stock price in the short term. However, it is important to remember that the stock market is unpredictable, and there are many factors that could impact Boeing’s financial performance in the coming months. Investors should carefully consider their options before making any investment decisions, and should seek the advice of a financial professional if they are unsure about the best course of action.

Related Posts

Leave a Comment