The Walt Disney Company has received a “Moderate Buy” rating from 25 financial analysts. Of these, six analysts recommended holding the stock, 17 called for a buy, and two suggested a strong buy. The average price target set by analysts stands at $123.75 for the coming year.
Recent reports reveal that Wolfe Research upgraded Disney’s stock from “peer perform” to “outperform,” targeting a price of $112.00. Similarly, Needham & Company reaffirmed a “buy” rating with a price target of $125, while Barclays raised their target from $115 to $120, also giving it an “overweight” rating. Additionally, both Morgan Stanley and UBS Group have lifted their price objectives to $120, maintaining “overweight” and “buy” ratings respectively.
In trading, Disney’s stock saw a modest increase, reaching $113.95 during mid-day trading on Wednesday. With a market capitalization of approximately $204.85 billion, the company has experienced a year of highs and lows, with prices ranging from $80.10 to $118.63. Its last quarterly earnings report showed notable growth, with earnings per share of $1.45, exceeding expectations, and revenues up 7% year-on-year.
In recent insider trading, Executive Vice President Brent Woodford sold 1,000 shares for $110.84 each. Despite this sale, institutional investors continue to show confidence, with several buying shares in recent months, leading to 65.71% of the company’s stock being held by institutional entities.
Walt Disney operates vigorously across various sectors including film and television production, streaming content, and entertainment experiences under recognized brands. The company’s diverse offerings and strong analyst ratings signal ongoing confidence in its future growth potential.
As Disney continues to navigate the evolving entertainment landscape, its solid performance metrics and positive analyst outlooks suggest a hopeful trajectory for the company moving forward.