Boeing Stock Outlook: Is Wall Street Bullish or Bearish?

The Boeing Company (BA), based in Arlington, Virginia, is a major U.S. defense contractor and premier jet aircraft manufacturer. Valued at $101.3 billion by market cap, Boeing offers both commercial aircraft and a diverse array of defense products to domestic and foreign airlines, the U.S. Department of Defense, the Department of Homeland Security, NASA, other aerospace contractors, and various U.S. government and commercial communications customers.

Boeing has significantly underperformed the broader market over the last year. The stock has declined 31.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 15.1%. In 2024 alone, the stock has plunged 37.4%, compared to SPX's 9% gains on a YTD basis.