Get the latest gossip
Disney Stock Hits 6-Month High On Streaming Progress, Upbeat Financial Guidance And Wall Street Analysts’ Cheers
Disney stock has roared back to life and hit a 6-month high Friday, its second trading day after an upbeat earnings report.
While there are some reasons for concern (the ongoing meltdown of linear TV assets, the ramp-up in sports rights costs, the challenge of picking a suitable successor to CEO Bob Iger), the positives are manifold. In a note to clients Friday morning, BofA Securities media analyst Jessica Reif Ehrlich reiterated her “buy” rating on Disney shares and upped her 12-month price target to $140 from $120. He wrote in a note that the mid-2025 launch of ESPN’s flagship streaming service, “consolidated entertainment growth, parks profit expansion and succession clarity” are key elements of his positive thesis.
Or read this on Deadline