MoffettNathanson Hikes Disney (DIS) Price Target on Parks Strength and DTC Potential

The Walt Disney Company (NYSE:DIS) ranks among the best non-tech stocks to buy according to billionaires. MoffettNathanson retained its Buy rating on The Walt Disney Company (NYSE:DIS) while increasing its price target from $130 to $140 on July 14.

MoffettNathanson Hikes Disney (DIS) Price Target on Parks Strength and DTC Potential

According to the firm, the two main questions that will influence Disney’s share price trajectory are whether Parks can sustain its growth potential in the face of obstacles and whether the Direct-to-Consumer (DTC) business could benefit from the Hulu arbitration.

MoffettNathanson used extra sources of data, such as the average daily wait times at Walt Disney World, to bolster its claim that the new Epic Universe competition had no impact on park attendance, pointing out that Epic has to increase capacity and enhance crowd control.

The Walt Disney Company (NYSE:DIS), founded in 1923, is a well-known media and entertainment giant that produces and distributes a wide range of material, including movies, television series, and animated films. In addition, the company is well-known for its world-class theme parks.

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