Raymond James Lifts PT on The Walt Disney Company (DIS) on Q2 Results

The Walt Disney Company (NYSE:DIS) is one of the best communication stocks to invest in. Raymond James lifted the price target on The Walt Disney Company (NYSE:DIS) to $119 from $115 on May 7, reaffirming an Outperform rating on the shares and stating that the company delivered better-than-expected Q2 results and slightly raised FY26 EPS guidance to 12% growth. This bolsters confidence in a double-digit EPS CAGR through FY26-FY27, with strength supported by its strong franchise IP, resilient sports exposure, scaled streaming ecosystem, and robust Parks and Experiences cash flows.

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Raymond James also told investors in a research note that operating income growth is being increasingly driven by streaming, even with Experiences remaining the largest profit contributor, and the 2H-weighted FY26 outlook coming into focus amid moderating macro concerns.

The same day, Wells Fargo cut the price target on The Walt Disney Company (NYSE:DIS) to $146 from $148, reaffirming an Overweight rating on the shares.

The Walt Disney Company (NYSE:DIS) operates an international family entertainment and media enterprise. The company owns and operates television and radio production, distribution, and broadcasting stations, amusement parks, direct-to-consumer services, and hotels. Its operations are divided into the following business segments: Disney Entertainment, ESPN, and Disney Parks, Experiences, and Products.

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