Why Wall Street Still Believes in Walt Disney (DIS) Stock Right Now
TLDR
- Morgan Stanley reiterated a Buy rating with a $125 price target; consensus average target sits at $127.61, implying roughly 20% upside from the $107.78 close.
- Disney beat Q3 earnings estimates with $2.06 EPS vs. $1.86 expected, on revenue of $25.25 billion, up 6.8% year over year.
- New Mexico Educational Retirement Board added 5,600 shares, with institutional investors now holding 65.71% of the stock.
- Disneyโs growth pipeline includes new park expansions, an Abu Dhabi resort concept, Disney+ content deals, and a new Walt Disney World resort opening July 2027.
- Two EVPs sold stock in August under pre-arranged Rule 10b5-1 plans, while JPMorgan raised its price target to $140.
Walt Disney (DIS) opened at $108.15 on Friday, up 1.2% on the day, with a 52-week range between $92.18 and $119.78.
The stock trades at a P/E ratio of 22.30 and carries a market cap of $186.74 billion. Its 50-day moving average sits at $100.63, and the 200-day moving average is $101.58.
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