5 Best Travel Stocks To Buy Right Now

In this article, we discuss the 5 best travel stocks to buy right now. If you want to read about some more travel stocks, go directly to 11 Best Travel Stocks To Buy Right Now. 

5. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 50     

The Boeing Company (NYSE:BA) is an aerospace and defense firm. Even though the firm missed market estimates on earnings for the first quarter, driving a slump in the stock, there is room for the shares to climb given the overall profile of the firm. For example, the company has grown net debt from just $2 billion in 2018 to over $45 billion in 2022. The stock is also likely to benefit from the worsening security situation in Europe amid the Russian invasion of Ukraine. Rising interest rates will likely increase interest in the balance sheet of the company too. 

On April 28, RBC Capital analyst Ken Herbert kept an Outperform rating on The Boeing Company (NYSE:BA) stock with a price target of $220, noting that the first quarter results of the firm may be a “clearing house event”. 

At the end of the fourth quarter of 2021, 50 hedge funds in the database of Insider Monkey held stakes worth $1.1 billion in The Boeing Company (NYSE:BA), the same as in the preceding quarter worth $1.4 billion.