Forecast Of The Day: Boeing’s Average Airplane Price
What?
Boeing’s (NYSE:BA) Average Airplane Price rose from around $85 million in 2019 to $103 million in 2020. Trefis expects the metric to rise to around $104 million in 2021 and $105 million in 2022.
Why?
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We expect pricing growth to be driven partly by the 787 Dreamliner. While Boeing suspended deliveries of the plane due to some production flaws, it recently indicated it was close to resuming sales.
So What?
We think Boeing is slightly undervalued at current levels. We value Boeing stock at about $256 per share, about 13% ahead of the current market price.
See Our Complete Analysis For Boeing
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