Boeing’s (NYSE: BA) stock price is influenced by various factors, including the demand for commercial and military aircraft, global economic conditions, geopolitical tensions, and regulatory and safety concerns.
Given the numerous factors that can impact a stock’s price, investors are turning to other means, such as artificial intelligence (AI), to help better predict the price of equities.
Thus, Finbold asked the AI tool ChatGPT to provide the possible price range for Boeing by 2030 based on the demand for air travel, aerospace products, and market conditions.
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Interestingly, the tool noted, based on the challenges Boeing has faced in recent years and how well it can handle them, “a possible trading range for Boeing’s stock price by 2030 could be between $200 and $400 per share.”
It stated:
“In recent years, Boeing has faced significant challenges, including the grounding of its 737 MAX aircraft following two fatal crashes and the economic impacts of the COVID-19 pandemic. These challenges have led to a decline in demand for Boeing’s products and services and have negatively impacted its financial performance and stock price.”
Boeing stock price prediction
AI has the ability to analyze vast amounts of data quickly, identifying chart patterns and trends. Thus, Finbold gathered projections made by CoinPriceForecast, the finance prediction platform that uses machine self-learning technology, to gauge Boeing’s stock price for the end of 2030 to compare alongside ChatGPT’s estimate.
According to the latest long-term forecast, retrieved by Finbold on February 24, Boeing’s price will climb above $1,000 in 2030 and hit $1,003 by the end of the year marking a 382% increase from today to the year’s end. More than double the highest price range suggested by ChatGPT.
For this to transpire, Boeing will need to continue taking steps to address its challenges, such as demand for its products and developing new aircraft technologies. Fortunately for the company, the long-term demand for air travel and aerospace products is expected to remain strong, which could support future growth for Boeing.
In the near term, Wall Street analysts have given the aerospace juggernaut a consensus ‘strong buy’ rating from 26 analysts.
Based on analyst stock evaluations for DOL over the last three months, the average price forecast for the next year is $234.20; the target indicates a 12.53% upside from its current price. Interestingly, the highest price target over the next year is $261, +25.4% of its current price.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
