Citi Reaffirms Bullish Outlook on Boeing, Sees 50%…
From Financial Modeling Prep: 2025-03-13 11:46:00
Citi analysts reaffirmed a Buy rating on Boeing (NYSE:BA) with a $210 price target, citing undervalued long-term growth prospects. Current valuations assume less than 1% free cash flow growth, but a 3% growth rate is achievable based on industry trends, potentially leading to a 50% upside in stock price.
Key growth drivers for Boeing include a 3.2% compound annual growth rate in global airline fleet expansion over the next 20 years and a projected 3% annual increase in the Department of Defense’s base budget through fiscal 2030. These factors support sustained revenue growth in commercial aerospace and defense sectors.
Despite recent operational challenges, Boeing’s long-term fundamentals remain strong. Citi sees a compelling investment opportunity as the company capitalizes on increasing global demand for aircraft and defense contracts.
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