The stock price experienced its longest continuous decline since 2018, and safety concerns have raised market worries.

Since the deadly crash of the Boeing 737 Max aircraft in Indonesia in 2018, Boeing's stock price has once again suffered a heavy blow, showing its worst performance since then. Earlier this year, an incident of a mid-air door panel explosion on a flight operated by Alaska Airlines not only triggered investigations by regulatory agencies, but also led to comprehensive reforms in the company's internal management, significantly reducing market confidence in the company's safety controls. As a result, Boeing's stock price has fallen by 35% so far this year, making it the second worst-performing company in the S&P 500 index.

As of Friday, Boeing's stock price has fallen for the tenth consecutive trading day, marking the longest losing streak since November 2018. This month, Boeing also announced its lowest delivery volume since mid-2021, and allegations from an engineer have put its 787 Dreamliner under scrutiny. Analyst Seth Seifman from JPMorgan Chase pointed out that Boeing's delivery performance in the first quarter confirms a slowly pace of activity in its commercial airplane division that the market has gradually accepted over the past two to three months.

As the uncertainty of production prospects increases, Wall Street analysts are becoming increasingly cautious about Boeing. According to Bloomberg data, the buy recommendation ratio for Boeing's stock is currently at its lowest level since November 2021, with the hold rating for this year nearly doubling, and the average target price has also dropped by 14%. At the same time, earnings expectations have significantly declined, with analysts' average expectations for adjusted profits in 2024 falling by 83% compared to the past year, and revenue expectations have also been revised down by 5%.

American Bank analyst Ronald Epstein stated that, considering the uncertainties and risks associated with management changes and ongoing investigations, Boeing's lower price-to-earnings ratio is reasonable. Despite facing various disruptions and challenges in the short term, analysts still believe in Boeing's bright long-term prospects. This is mainly because the demand in the aviation industry is expected to remain stable, while Boeing's main competitor Airbus has already filled its order book. Epstein also pointed out that in the long run, Boeing will benefit from a strong global aviation travel demand environment and achieve recovery through improved quality assurance.

However, he also warned that Boeing was still at considerable risk in the short and medium term.