Goldman Sachs Raises Disney Price Target to $164
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy DIS?
Source: stocktwits
- Earnings Beat: Disney's latest earnings report revealed an EPS of $1.57 and revenue of $25.2 billion, surpassing Wall Street expectations, which led to a more than 7.5% increase in stock price on Wednesday, marking its best single-day performance in a year.
- Price Target Increase: Goldman Sachs raised Disney's price target from $151 to $164 while maintaining a 'Buy' rating, indicating an upside potential of over 51%, reflecting strong confidence in the company's future growth prospects.
- New CEO Vision: New CEO Josh D'Amaro emphasized transforming Disney+ into an interactive 'digital centerpiece' that integrates streaming, gaming, and experiences, which is expected to drive long-term growth and enhance the company's competitive position in the market.
- Cruise Business Stability: Despite increasing cruise capacity by 40%, Disney has maintained booking occupancy in line with year-over-year figures, alleviating concerns about the impact of increased cruise supply on utilization, showcasing the company's robust performance in this sector.
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Analyst Views on DIS
Wall Street analysts forecast DIS stock price to rise
19 Analyst Rating
16 Buy
3 Hold
0 Sell
Strong Buy
Current: 108.660
Low
123.00
Averages
137.29
High
152.00
Current: 108.660
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.
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- Analyst Optimism: Morgan Stanley analyst Sean Diffly noted that despite investor concerns regarding the macro environment and consumer state, Disney delivered strong growth across all segments, refining profit guidance and showcasing confidence in sustainable double-digit earnings growth.
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