Forecast Of The Day: Boeing’s Global Services Revenue

-22.45%
Downside
209
Market
162
Trefis
BA: The Boeing Company logo
BA
The Boeing Company

What?

Boeing’s (NYSE:BA) Global Services Revenue fell from $18.3 billion in 2019 to about $16 billion in 2021. However, we expect the number to recover to $17 billion in 2022 and to almost $18 billion by 2023.

Why?

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While sales declined in 2020 due to the impact of the Covid-19 pandemic, we expect it to recover strongly from 2022 onwards driven by stronger global economic growth and aerospace and defense spending.

So What?

We think that BA stock is undervalued at current levels. We value BA at $257 per share, 33% ahead of the current market price.

See Our Complete Analysis For Boeing

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.

 Returns Mar 2022
MTD [1]
2022
YTD [1]
2017-22
Total [2]
 BA Return -6% -4% 24%
 S&P 500 Return 2% -6% 99%
 Trefis MS Portfolio Return 2% -8% 262%

[1] Month-to-date and year-to-date as of 3/21/2022
[2] Cumulative total returns since the end of 2016

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