Rosenblatt Raises Disney (DIS) Price Target Amid Strong Growth Prospects

On June 3, Rosenblatt analysts raised their price target for The Walt Disney Company (NYSE:DIS) stock to $140 from $135 while maintaining a ‘Buy’ rating. The adjustment comes amid growing confidence that some of the company’s core segments are experiencing robust growth.

Rosenblatt Raises Disney (DIS) Price Target Amid Strong Growth Prospects

A couple watching their favorite show on TV, enjoying the entertainment network service.

According to the analysts, segments such as experiences, ad sales, ESPN streaming, and movies are doing well, with revenues expected to increase by 5.42%. The analysts are optimistic about the stock’s valuation increasing should the economy steer clear of recession.

The Buy rating shows trust in Disney’s future, as it has a strong presence in entertainment, media, and theme parks. Meanwhile, ESPN, the company’s sports channel, is launching a new direct-to-consumer streaming service this fall. The new unlimited plan, for $29.99 a month, will offer access to ESPN networks and 47,000 live events annually. The select plan, going for $11.99 a month, will provide access to ESPN+. The unveiling of the new plans follows the confirmation that ESPN will not renew its $550 million deal for Major League Baseball rights.

The Walt Disney Company is a global media and entertainment company that strives to entertain, inform, and inspire people through storytelling. It’s known for its iconic brands, movies, theme parks, streaming services, and merchandise.

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Disclosure: None.