BNP Paribas Sees Boeing Stocks Doubling by 2030 Amid Reduced Risks

Boeing Co.'s stock price surged on Monday after BNP Paribas upgraded its rating for the company, citing reduced risks and improved free cash flow estimates. The lone bear on Boeing's stock, BNP Paribas, raised its rating to outperform from underperform, saying there is now a path for the stock to more than double by 2030.

Analyst Matthew Akers made this prediction, stating that free cash flow estimates for Boeing have come down 'too far.' He also noted that risks will be significantly reduced over the coming year as the planemaker wraps up aircraft certifications and lowers its debt.