Disney

JP Morgan analyst Philip Cusick reinstates Walt Disney with a Overweight and raises the price target from $120 to $140.

The Walt Disney Company’s (NYSE:DIS) stock is poised for a 20% rise as Bob Iger’s turnaround strategy begins to bear fruit, according to a note from Bank of America released on Monday. What Happened: Bank of America analyst Jessica Reif Ehrlich maintains that Iger’s growth-focused approach appears to be taking hold. The bank has reiterated its “Buy” rating on Disney and raised its price target from $130 to $145 per share, reported Business Insider. “Bob Iger now appears to be in command and control and on a growth offensive,” she wrote. Ehrlich highlighted that Disney’s theme park sector continues to perform robustly, with operating income projected to increase in the low to mid-teens in the fiscal second quarter. Furthermore, following a carriage deal with Charter, Disney is set to see a significant boost in net subscriber growth in the same quarter. This agreement, inked in late 2023, enabled certain Charter customers to access Disney+ without additional charges. Disney’s

Needham analyst Laura Martin maintains Walt Disney (NYSE:DIS) with a Buy and maintains $145 price target.

B of A Securities analyst Jessica Ehrlich maintains Walt Disney (NYSE:DIS) with a Buy and raises the price target from $130 to $145.

Needham analyst Laura Martin maintains Walt Disney (NYSE:DIS) with a Buy and raises the price target from $120 to $145.

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.

Walt Disney’s (DIS) business model likely has several sources of potential earnings upside in the coming quarters, led by better results at its parks business, with additional help from the direct-to-consumers and content segments, according to UBS Securities. These sources are expected to drive the media and entertainment giant’s earnings estimates higher over the next several quarters, yielding a 25% three-year compound annual growth rate, UBS analysts John Hodulik, Batya Levi, and Christopher Schoell said in a note Wednesday. The brokerage expects the parks segment’s earnings before interest and taxes to grow by double-digit percentage annually in both the fiscal second quarter and full year amid strong US attendance. The company’s spending plan is likely to drive high-single-digit or better EBIT growth in the business for “several years,” the analysts said. “Despite the tougher comparisons, we expect the experiences segment to remain a high-growth and cash generative business for Disney,”

UBS analyst John Hodulik maintains Walt Disney with a Buy and raises the price target from $120 to $140.

Raymond James analyst Ric Prentiss maintains Walt Disney with a Outperform and raises the price target from $112 to $128.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We believe DIS has a rigorous plan to drive future growth and enterprise value leading to the April 3 shareholder meeting. We raise our target by $19 to $139 on a forward TEV/EBITDA of 14.1x our 2024 EBITDA estimate of $1.46B. Our multiple is well below the five-year historic average of 22.5x, but a premium to linear network peers that trade at high-single digits. We think DIS deserves a higher valuation for Experiences (parks and cruises lines) at 37% of FY 2023 (Sep.) revenue and 59% of operating income and leading Sports franchises (18%, 33%) with ESPN networks. The turnaround story centers around Entertainment’s (45%, 7%) film, television networks, and direct-to-consumer units with Disney+, ESPN+, and Hulu. We like that DIS is driving efficient content spending, as

Disney CEO Iger Says Right Now Trending To Exceed Fiscal 2024 Cash Flow Generation Guidance; On Streaming Business Says ‘We Are On A Path To Profitability’.

Disney CEO Iger Says Expects That Making Hulu Content Available On Disney+ For Bundle Subscribers Will Generate Positive Outcomes For The Business; Says We’re Also Managing Our Costs More Aggressively At Film Studios.