12 Best Dow Stocks to Invest In Right Now

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6. Walt Disney Co (NYSE:DIS)

Number of Hedge Fund Holders: 119

On July 2, Ric Prentiss, an analyst at Raymond James, lowered the firm’s price target on Walt Disney Co (NYSE:DIS) to $111 from $119 and kept an Outperform rating on the stock. The firm cited survey data, industry checks, and recent Comcast commentary that indicate softer theme park attendance and weaker summer demand.

Despite the downward revision to the price target, Disney saw strong momentum over the July 4 holiday, providing DIS investors with renewed reasons for optimism. The new movie Toy Story 5 was expected to make around $35 million in the US during the July 4 holiday weekend. It is also performing well in cinemas worldwide, earning about $615 million so far. This shows Disney is seeing strong success in theatres again after relying heavily on streaming during the pandemic years.

At the same time, the entertainment giant’s theme parks are extremely busy, with places like Magic Kingdom and EPCOT close to full capacity. The parks had to turn away large groups because of high demand during the US 250th anniversary celebrations.

Walt Disney Co (NYSE:DIS) is a global entertainment and media company.  It owns and operates television networks, streaming services, theme parks, resorts, and hotels. It also produces and releases movies, TV shows, and other content. The company operates through three main segments. These include Disney Entertainment, ESPN, and Disney Parks, Experiences and Products. It was founded by Walter Elias Disney on October 16, 1923, and is headquartered in Burbank, California.

While we acknowledge the potential of DIS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DIS and that has 100x upside potential, check out our report about the cheapest AI stock.

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