Goldman Sachs keeps a Buy rating and $139 price target on Disney (DIS) while noting that the stock should trade higher after the company’s Q1 results topped estimates. The beat was driven by Disney’s DTC business, highlighting the company’s strong operating expense management , while its Experiences outperformance was similarly high-quality with better-than-expected attendance trends, the analyst tells investors in a research note. Disney didn’t flow through the beat with its FY25 EPS guidance view of up high single digits, but the positives outweigh the reiterated outlook, which could be attributed to conservatism, Goldman added.
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