Boeing Stock Slumps Again; Time to Buy or Throw in the Towel?

Boeing stock dropped after management lowered 737 MAX production targets and free cash flow projections, pushing back delivery timelines by up to a year. Despite disappointing near-term guidance, analyst argues the stock could deliver 14.4% annual returns through 2029 if management hits its targets, supported by a $745 billion backlog. Key risks include 777X certification delays and production ramp uncertainties.