The Boeing Company Stock Forecast:
According to a stock forecast from 20 analysts, the average target price for The Boeing Company over the next 12 months is USD 298.54. The analysts’ average rating for the company is Buy. However, Stock Target Advisor’s own analysis indicates a Bearish outlook, based on 2 positive signals and 10 negative signals. Currently, The Boeing Company’s stock price stands at USD 212. (www.softlay.com) 37. Over the past week, the stock price has decreased by -3.63%, while over the past month, it has increased by +3.35%. Looking at the last year, the stock price has seen a significant increase of +55.24%.
Boeing Co. News:
Indian budget carrier Akasa Air has recently made headlines in the aviation industry by placing an order for four Boeing 737 Max jets. The announcement comes as part of a growing trend of orders from Indian airlines, reflecting the country’s robust and rapidly expanding aviation market. Akasa Air, the newest player in this flourishing sector, has also hinted at the possibility of another substantial aircraft order by the end of 2023.
In a statement released by Akasa Air, the airline expressed its excitement about the Boeing 737 Max order, highlighting the strategic significance of the acquisition. The 737 Max series is Boeing’s latest iteration of the highly successful 737 aircraft family, offering enhanced fuel efficiency, improved range, and advanced technology for a better passenger experience. Despite facing challenges in the past, the re-entry of the 737 Max into commercial service has been met with confidence and growing interest from airlines around the world.
Akasa Air CEO Vinay Dube, speaking to Reuters earlier this year, emphasized the airline’s intention to make a “substantially” large order for new narrowbody jets in 2023. The recent order for the Boeing 737 Max jets is a strong testament to Akasa Air’s commitment to expanding its fleet and capturing a significant share of India’s thriving aviation market. The carrier’s ambitious growth plans align with India’s projection to become the world’s third-largest aviation market by 2024, according to the International Air Transport Association (IATA).
