5 Best Aerospace and Defense Stocks to Buy According to Billionaires

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1. The Boeing Company (NYSE:BA)

Number of Billionaire Investors: 32

The Boeing Company (NYSE:BA) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. On March 19, Tigress Financial analyst Ivan Feinseth lifted the firm’s price target on the stock to $290 from $275 and maintained a Buy rating.

In a research note to investors, Ivan noted that commercial air traffic has been on the rise for the last several decades. Moreover, the company has a record backlog of orders across commercial aerospace, defense, and space, coupled with lucrative aftermarket offerings, setting it up well to benefit.

According to TipRanks, Tigress also highlighted The Boeing Company (NYSE:BA)’s fourth quarter results, which it believes strengthen the general bullish outlook for the stock as figures suggested an inflection in scale, earnings, cash flow, and demand visibility.

In other news, Jefferies on Wednesday maintained a Buy rating on the aerospace company with a price target of $295, a reiteration of its previous adjustment in early February when it lifted the price target from $290 following the Q4 earnings report.

As of the close of business on March 20, the stock is a Strong Buy with a one-year average share price target of $278.50, representing an upside potential of approximately 43%.

The Boeing Company (NYSE:BA) is a leading aerospace company that manufactures commercial airplanes, space systems, and defense equipment for customers in more than 150 countries.

While we acknowledge the potential of BA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BA and that has 100x upside potential, check out our report about the cheapest AI stock.

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