Benjamin Swinburne, an analyst from Morgan Stanley, maintained the Buy rating on Walt Disney. The associated price target remains the same with $140.00.
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Benjamin Swinburne has given his Buy rating due to a combination of factors that highlight Walt Disney’s potential for significant growth. The primary driver behind this optimism is the anticipated growth in Disney’s Experiences and Streaming businesses, which are expected to contribute to double-digit earnings growth over the coming years. This growth potential, according to Swinburne, is not fully reflected in the current share price, making Disney an attractive investment opportunity.
Furthermore, Swinburne emphasizes the strategic importance of Disney’s partnership with OpenAI. By leveraging AI technologies, Disney aims to enhance its content production efficiencies and improve consumer experiences on platforms like Disney+. This partnership is expected to drive innovation and personalization, which could lead to increased consumer engagement. Additionally, Disney’s investment in AI aligns with broader industry trends, positioning the company to capitalize on emerging opportunities in the Media & Entertainment sector.
According to TipRanks, Swinburne is a 5-star analyst with an average return of 10.9% and a 52.77% success rate. Swinburne covers the Communication Services sector, focusing on stocks such as Spotify, Netflix, and Comcast.
In another report released yesterday, Jefferies also maintained a Buy rating on the stock with a $136.00 price target.