Boeing shares are anticipated to rebound after a challenging 2024, according to Stephanie Link of Hightower Advisors. On CNBC’s “Halftime Report,” she expressed optimism about Boeing’s future, believing that “the worst is behind” the company and highlighted 2025 as a pivotal year for recovery. The aerospace giant encountered significant obstacles this year, starting with an in-flight incident involving a 737 Max 9 in January and subsequent leadership changes, including the appointment of new CEO Robert “Kelly” Ortberg in August. This transition followed a management overhaul after Dave Calhoun’s resignation. Boeing also faced a nearly two-month strike by machinists, which concluded with an approved labor agreement featuring significant wage increases.
Despite a 32.1% drop in shares by year-end, Link has increased her investment in Boeing, citing Ortberg’s proven leadership and the company’s recent $21.1 billion capital raise as indicators of recovery potential. She forecasts Boeing could generate $6 billion to $7 billion in free cash flow over the next three years, bolstered by improved plane deliveries. Analyst sentiment is turning positive, with Barclays upgrading the stock, reflecting a broader bullish outlook among 30 analysts covering Boeing, 17 of whom recommend a strong buy.
