Boeing Stock Recent Sold-off Is Providing A Very Solid Entry Point

Boeing Co. (NYSE: BA) stock has sold off recently and is providing a very solid entry point. Boeing is the world’s leading aerospace company and the largest manufacturer of commercial jetliners and military aircraft combined.

The company’s different segments are Commercial Airplanes; Boeing Defense, Space & Security; and Boeing Capital. The latter provides financial solutions facilitating sale and delivery of Boeing commercial and military aircraft, satellites and launch vehicles.

Boeing and Embraer have signed a non-binding memorandum of understanding to create a new strategic partnership for commercial aviation. The new joint venture is valued at $4.75 billion, which values Boeing’s 80% share at $3.8 billion.

The analysts project 57% sales growth in 2022. The Goldman Sachs price objective is $305, a price not seen since before the pandemic sell-off. Boeing stock closed on Monday at $209.90 a share.