Boeing's market value has plunged by $40 billion from its 2019 peak

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Boeing's market cap has dropped almost $40 billion from its 2019 peak. Wall Street remains bullish on the company.

The Boeing logo appears above a trading post on the floor of the New York Stock Exchange before the opening bell, Monday, March 11, 2019. Boeing shares were predicted to fall at the open on Wall Street after the crash Sunday of a 737 Max 8 plane in Ethiopia that killed all 157 people aboard. Shares have slumped about 15% since topping out on March 1.

But the recent selling has been uable to sway Wall Street analysts, who remain largely bullish on Boeing shares. Among the analysts surveyed by Bloomberg, 21 had a"buy" rating while only 2 had"sell."

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