Boeing stock price extended its uptrend to nine successive session gains on Friday, going for $174 after gaining 1.1% in the first hour of trading. The move followed news that it has bagged a deal from Malaysia Aviation Group to deliver 30 Boeing 737 Max jets.
The news not only points to the strengthening of the company’s revenue stream, but also affirms confidence in its jets after a period or regulatory turbulence in recent times. Boeing’s revenues fell by 30% year-on-year to $15.24 billion in Q4 2024, sending a bearish shockwave across the markets.
In addition, malfunctions in some of its planes put it on regulators’ radar, with some airlines grounding the affected models. That painted a gloomy picture of its order book in 2025. However, the Malaysia Aviation Group order is a vote of confidence that might have just added propulsion that could drive Boeing stock price through a steep ascent in the coming weeks.
That said, some analysts have raised concerns whether the company will be able to meet the deadlines on its burgeoning order book. It is already behind schedule in the delivery of orders for some 737 and 787. Also, there is the Air Force One delivery that has been pushed back three years and become the poster child of Boeing’s supply chain struggles.
Boeing Stock Price Prediction
Boeing stock price pivots at $171 and action above that level will favour the buyers to stay in control. In that case, it will likely meet the first resistance at $182. However, breaking above that level will signal a stronger momentum that could test the second hurdle at $190. Breaching this level could open the pathway to test $200 next week.
Conversely, breaking below $171 will signal a shift by the momentum to the downside. That will likely see the first support established at $162. Breaking below that level will invalidate the upside narrative. Furthermore, an extended control by the sellers could send the stock lower to test $155.
The post Boeing Stock Price Up Again On Bumper Order. How Long Until $200? appeared first in UK on InvestingCube.