Disney Advances Plans for Abu Dhabi Theme Park Resort
Written by Emily J. Thompson, Senior Investment Analyst
Source: seekingalpha
- Project Progress: Disney (DIS) is advancing its plans for a theme park resort in Abu Dhabi, which will be its seventh global resort and the first in the Middle East, expected to attract significant tourist traffic and boost the local tourism industry.
- Cultural Fusion: The resort will merge Disney stories with Abu Dhabi's culture, featuring a full-scale Disneyland-style park, a signature castle, and themed accommodations, aiming to provide a unique entertainment experience and enhance Disney's brand presence in the Middle East.
- Construction Timeline: While no firm opening date has been set, Disney Experiences chairman Josh D’Amaro indicated that design work will likely take 1 to 2 years, followed by 4 to 6 years of construction, highlighting the project's long-term investment potential and strategic planning.
- CEO Site Visit: Disney CEO Bob Iger recently toured the future Disneyland Abu Dhabi site and shared photos on social media, giving the public its first glimpse of the specific plot where the resort will be built, thereby increasing public interest in the project.
Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIS is 137.29 USD with a low forecast of 123.00 USD and a high forecast of 152.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 110.610
Low
123.00
Averages
137.29
High
152.00
Current: 110.610
Low
123.00
Averages
137.29
High
152.00
About DIS
The Walt Disney Company is a diversified worldwide entertainment company. The Company's segments include Entertainment, Sports and Experiences. The Entertainment segment generally encompasses its non-sports focused global film and episodic content production and distribution activities. The lines of business within the Entertainment segment along with their business activities include Linear Networks, Direct-to-Consumer, and Content Sales/Licensing. The Sports segment encompasses its sports-focused global television and direct-to-consumer (DTC) video streaming content production and distribution activities. The lines of business within the Sports segment include ESPN and Star. The Experiences segment includes Parks and Experiences and Consumer Products. Parks and Experiences consists of Walt Disney World Resort in Florida, Disneyland Resort in California, Disney Cruise Line, and others. Consumer Products includes licensing of its trade names, characters, visual, literary and other IP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
