Analysts remain optimistic about Disney
Of the 32 analysts covering Disney (DIS), 18 analysts have rated the stock a “buy,” 12 analysts have rated it a “hold,” and only two analysts have rated the stock a “sell.”
Analysts have set a stock price target of $117.44 for Disney, with a median target price of $124. Disney is currently trading at a discount of 17% to its median target price.
Disney’s price movement
Disney’s stock price closed at $105.71 on June 29. The company’s stock price has risen 9% in the past year and 1.4% year-to-date. In contrast, peers Comcast (CMCSA), Time Warner (TWX), and 21st Century Fox (FOXA) have seen their stock prices rise 21.6%, 39.2%, and 4.4%, respectively.
One major reason for analysts’ optimism regarding Disney has been the company’s ability to monetize its franchises and intellectual property effectively. With Shanghai Disneyland (FXI), the company is looking at international markets to make its franchises popular and earn revenue in the process.