Disney price target raised to $120 from $115 at Bernstein

Bernstein raised the firm’s price target on Disney (DIS) to $120 from $115 and keeps an Outperform rating on the shares following the quarterly results. Direct-to-consumer is becoming the silver lining of the Disney story and the catalyst for the stock in the near-term, the analyst tells investors in a research note. The firm is more bullish about Disney’s near-term prospects following the report and recognizes that there’s further upside, especially driven by positive near-term sentiment that’s likely to expand its valuation multiple given the momentum in DTC and Parks EPS accelerating in the second half of 2025.