5 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

04. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 52

Founded in 1916, The Boeing Company (NYSE:BA) is one of the world’s largest aerospace companies and a leading provider of commercial airplanes, defense, space and security systems, and global services. On July 27, BofA Securities upgraded The Boeing Company (NYSE:BA) rating from Neutral to Buy and raised its price target from $225 to $300, suggesting the potential for a nearly 30% rally in the company’s shares. The analyst at BofA Securities believes that The Boeing Company (NYSE:BA) has strong demand, which could lead to further growth, even if the company maintains its current ~40% share of the narrowbody market. Furthermore, the analyst expects Boeing’s 787 to remain the preferred choice in the widebody market, securing the majority share compared to its competitors. Additionally, the outlook indicates ample demand for 10 787s per month in the future years.

This positive analysis underscores BofA Securities’ confidence in The Boeing Company (NYSE:BA) future performance and indicates the potential for the company’s stock to outperform the market.