The magic’s back for entertainment giant Walt Disney (NYSE:DIS). With its legal woes in Florida and the long-drawn board battle in the rearview mirror, investors will look for positive catalysts in the stock. A slate of promising titles lined up for the coming months and recent analyst action are promising signs in this direction.
An Exciting Lineup
First up is Toy Story 5. The last installment of Toy Story raked in over a billion dollars at the box office, and Disney will hope for a similar performance from the latest installment.
The other title to watch out for is The Mandalorian & Grogu. The film is set to mark the return of the Star Wars franchise in theaters after a wait of nearly five years.
Additionally, the upcoming live-action remake of Moana starring Dwayne Johnson could result in higher footfalls for Disney.
Analysts Ride the Growth Wave
Last week, Disney CEO Bog Iger noted that the company could once again hop on to the growth trajectory, and analysts seem to be on board. The stock has scored seven Buy ratings so far in April, alongside multiple price target upgrades. Guggenheim’s Michael Morris, a top-rated analyst on TipRanks, has raised his price target on DIS to $140 from $125 while maintaining a Buy rating. Bank of America Securities’ Jessica Reif Ehrlich, another top-rated analyst on Tipranks, has also upped the price target on DIS to $145 from $130 while reiterating a Buy.
What Is the Target Price for DIS Stock?
Overall, the Street has a Strong Buy consensus rating on Disney. Furthermore, the average DIS price target of $127.52 points to an 8.1% upside potential from the company’s share price.
Read full Disclosure
