Goldman Sachs raised the firm’s price target on Disney (DIS) to $164 from $151 and keeps a Buy rating on the shares. The company’s Q2 results, new earnings format, and new CEO vision provide increasing clarity into its EPS growth inflection in the second half of the year and position Disney as a quality earnings compounder with underlying double-digit EPS growth in FY27 and beyond, the analyst tells investors in a research note. Despite adding 40% cruise capacity, booked occupancy is in-line y/y, which should abate concerns around industry cruise supply increases hurting utilization, the firm added.
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