Walt Disney’s (DIS) business model has multiple sources of potential upside that could drive earnings higher over the next several quarters, UBS Securities said in a note e-mailed Wednesday.
The firm increased its per-share earnings outlooks for Disney by 3% to 6% from 2024 through 2026, with results likely driven by a better performance from the company’s parks business, with additional help from the direct-to-consumer and content segments, UBS analysts, including John Hodulik, said.
UBS raised its price target on Disney stock to $140 from $120, with a buy rating.