In recent financial news, Needham & Company LLC has adjusted Walt Disney’s (NYSE:DIS) price target from $145.00 down to $110.00. Despite the dip, the brokerage firm continues to uphold a “buy” rating on Disney’s stock, projecting a robust potential upside of 27.97% from its current market position.
Other major financial firms have weighed in as well. JPMorgan Chase & Co. recently reduced their target from $135.00 to $125.00, labeling the stock “overweight.” Similarly, Barclays has adjusted their target, dropping it from $135.00 to $130.00, while still maintaining an “overweight” rating. Goldman Sachs initiated coverage with a “buy” rating and a $125.00 target, and Redburn Atlantic revamped their stance from “sell” to “neutral” with a $100.00 target. UBS Group also scaled back its target from $140.00 to $130.00 but maintained a “buy” rating. Collectively, these assessments contribute to an average rating of “Moderate Buy” for Disney, with a consensus price target of $125.00 according to MarketBeat.com.
The Walt Disney stock opened at $85.96 after recently experiencing a 4.5% drop. The business has navigated through highs and lows over the past year, with its share price fluctuating between $78.73 and $123.74. The company’s market cap stands at $156.71 billion, and it boasts a price-to-earnings ratio of 93.43. Financial stability remains strong, evidenced by a debt-to-equity ratio of 0.38 and healthy liquidity ratios.
Recent financial performance highlights include reporting earnings of $1.21 per share for the quarter ended May 7th, surpassing analyst expectations. The company’s revenue hit $22.08 billion, slightly below analyst estimates of $22.12 billion, but marked a 1.2% increase year-over-year. With a return on equity of 8.37%, Disney continues to demonstrate financial resilience and profitability, bolstering investor confidence.
Institutional investors have shown continued interest in Disney, with notable activity from firms such as Gold Investment Management Ltd., Stone House Investment Management LLC, and Evolution Advisers Inc. Institutional ownership currently stands at a significant 65.71%.
Walt Disney operates globally through three main segments: Entertainment, Sports, and Experiences. Its extensive portfolio includes well-known brands like ABC, Disney, Freeform, FX, Fox, National Geographic, and Star, along with a rich lineup of production studios such as Pixar, Marvel, Lucasfilm, and Walt Disney Pictures.
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Source: [Defense World](https://www.defenseworld.net/2024/08/08/needham-company-llc-cuts-walt-disney-nysedis-price-target-to-110-00.html)
