Analyst David Karnovsky of J.P. Morgan maintained a Buy rating on Walt Disney (DIS – Research Report), retaining the price target of $130.00.
David Karnovsky has given his Buy rating due to a combination of factors that highlight the strengths and growth potential of Walt Disney’s Parks & Experiences segment. This division is a significant contributor to Disney’s revenue and operating income, and its strategic importance is underscored by its ability to create unique, tangible interactions with Disney’s intellectual property. Karnovsky is optimistic about the long-term earnings potential of this segment, particularly as Disney invests in new capacity and cruise expansions, while refining its pricing strategies.
Internationally, Disney’s expansion in Shanghai and Paris is expected to drive growth, supported by consumer recovery and strategic developments like the rebranding of Walt Disney Park Studios and the opening of new attractions. Additionally, Disney’s cruise line is poised for growth, with plans to expand its fleet significantly by 2030, leveraging its premium market position and IP-based experiences. Despite challenges in the media landscape, Disney’s unique content and improving streaming financials, coupled with strategic cost savings and distribution changes, position it as a strong investment opportunity. Karnovsky maintains a price target of $130 for December 2025, based on a discounted cash flow analysis.
In another report released on March 4, Loop Capital Markets also maintained a Buy rating on the stock with a $130.00 price target.
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