Pro Research: Wall Street peeks into Boeing’s horizon


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Explore Wall Street’s expert insights with this ProResearch article, which will exclusively be available to InvestingPro subscribers soon. Enhance your investment strategy with ProPicks, our newest product featuring strategies that have outperformed the S&P 500 by up to 700%. This New Year, enjoy up to 50% off, plus an extra 15% off a 2-year subscription with the code research24, reserved for the first 500 quick subscribers. To ensure ongoing access to valuable content like this, step up your investment game with InvestingPro.

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InvestingPro Insights

As Boeing (NYSE:) navigates through the complexities of the Aerospace & Defense industry, recent metrics and analyses offer a mixed picture of its financial health and market position. With a market capitalization of $150.64 billion, Boeing’s prominence in the sector is reflected in its sizable revenue, which stood at $75.76 billion over the last twelve months as of Q3 2023. This represents a robust year-over-year revenue growth of 23.34%, indicating that revenue growth has been accelerating, an essential InvestingPro Tip for potential investors.

On the profitability front, Boeing’s challenges are evident. The company operates with a gross profit margin of 11.44%, signaling weak gross profit margins, which is a critical consideration highlighted in InvestingPro Tips. Additionally, Boeing’s stock price movements have been quite volatile, with a significant 32.89% return over the last three months, yet analysts are not optimistic about the company’s profitability in the near term, anticipating it will not be profitable this year.

For subscribers looking to dive deeper into Boeing’s financial nuances, InvestingPro offers a comprehensive list of additional tips. Currently, there are 11 more tips available that could further inform investment decisions. Don’t miss the opportunity to access these insights, especially now that InvestingPro subscription is on a special New Year sale with discounts of up to 50%. Use the coupon code research24 to get an additional 15% off a 2-year InvestingPro+ subscription, ensuring you have the full spectrum of data and analysis at your fingertips.

Investors should note Boeing’s current position relative to its 52-week high, trading at 93.07% of its peak value, and consider the InvestingPro Fair Value estimate of $188.95, which diverges from the analyst target of $275. This discrepancy may warrant a closer examination of the company’s valuation and future earnings potential, with the next earnings date set for January 31, 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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