Analyst Jessica Reif Ehrlich of Bank of America Securities maintained a Buy rating on Walt Disney (DIS – Research Report), retaining the price target of $140.00.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Jessica Reif Ehrlich has given her Buy rating due to a combination of factors that indicate a solid financial performance by Walt Disney. The company reported a strong first quarter with operating income exceeding expectations, while revenue showed a modest growth of 5%. This positive outcome was supported by a significant increase in adjusted earnings per share, which surpassed forecasts.
Additionally, the Entertainment and Experiences segments showed better-than-expected operating income, with notable growth in international revenue within the Experiences sector. The Sports segment also outperformed expectations, primarily due to increased advertising revenue. Ehrlich highlights potential catalysts for future growth, including profitability in direct-to-consumer operations, a rebound in the Parks business, and a robust film slate that is expected to benefit related businesses. These factors contribute to maintaining the Buy rating and a price objective of $140.
Reif Ehrlich covers the Communication Services sector, focusing on stocks such as Warner Bros, Comcast, and Spotify Technology SA. According to TipRanks, Reif Ehrlich has an average return of 7.7% and a 51.58% success rate on recommended stocks.
In another report released today, Bernstein also maintained a Buy rating on the stock with a $120.00 price target.