Boeing Stock (NYSE:BA) Jumps as Boeing Hits the Paris Air Show
The Paris Air Show is starting up in earnest, and with it, bringing plenty of exciting developments in the aircraft market. Aerospace stock Boeing (BA) is no different, and is bringing out some major new developments to catch the eyes and interest of airlines. The effort so far has proven very welcome to investors, who sent Boeing shares up over 3% in Monday afternoon's trading.
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Reports from the show note that the Boeing Pavilion features a range of displays, starting with the 777-8 Freighter Theater, to show off its cargo capabilities, as well as an interior section of a 777X. Boeing also showed off some of its defense operations, reports noted, as well as 'advanced cabin interiors' to show off what exactly it could do in the market space.
But Boeing will not just be showing, it will also be doing plenty of telling. It will have 'media briefings' about a range of topics, including the market for services, what is happening in the European defense market, commercial products, and even a look at the 'rotorcraft' market.
Don't Lose Elon's Number, NASA
We know that there has been a lot of fallout between Elon Musk and President Donald Trump lately, and this might have left Boeing thinking there was an opportunity to make some headway after the disaster that was the Starliner system. But as it turns out, Boeing is not really capitalizing on the famous feud, as new reports of Starliner delays have emerged.
The earliest potential time to see the Starliner take flight again, NASA noted, is 2026. Earlier reports said that a new launch could happen by the end of this year, but now, that is out of the picture. As of now, the Starliner has yet to be certified to carry astronauts, for reasons that Boeing would not reveal. It is easy to wonder if it is any of the previously-seen issues that are holding the Starliner back, or if something new has cropped up to put the project behind schedule once more.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 16 Buys, three Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 10.88% rally in its share price over the past year, the average BA price target of $219.95 per share implies 0.74% upside potential.
See more BA analyst ratings
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