In a report released today, Laurent Yoon from Bernstein maintained a Buy rating on Walt Disney (DIS – Research Report), with a price target of $120.00.
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Laurent Yoon has given his Buy rating due to a combination of factors highlighting Disney’s strategic positioning and potential for growth. Yoon acknowledges Disney’s strong performance in its Parks segment, which exceeded expectations despite challenges such as hurricanes, and anticipates further improvement as international markets strengthen and new attractions reach full operation.
Moreover, Disney’s Direct-to-Consumer (DTC) operations showed promising improvements in operating income, and Yoon believes the company can achieve significant growth in this area by 2025 and beyond. Although subscriber growth has slowed, the management’s strategic measures, including price adjustments and promotional activities, are expected to stabilize this trend. The combination of potential margin expansion and the ability to balance subscriber growth and profitability underpins the optimistic long-term outlook, justifying the Buy rating.
In another report released yesterday, Goldman Sachs also maintained a Buy rating on the stock with a $139.00 price target.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DIS in relation to earlier this year.