NYSE:DIS TARGET PRICE 2024

NYSE:DIS TARGET PRICE 2024

On Monday, Loop Capital increased the price target for Walt Disney (NYSE:DIS) shares to $140 from the previous $113, while retaining a Buy rating on the stock. The firm's analyst praised Disney's CEO Bob Iger for his effective strategy in the previous quarter and expressed optimism for the company's future.

The analyst stated that while fewer announcements are expected this quarter, there is anticipation for Disney's streaming losses to be ahead of guidance and nearing a breakeven point.

The analyst stated that while fewer announcements are expected this quarter, there is anticipation for Disney's streaming losses to be ahead of guidance and nearing a breakeven point.

Disney's renewal of its NBA rights, despite the high cost, was deemed essential for the franchise's success. Loop Capital has updated its model to reflect media trends observed this earnings season, which contributed to the decision to lift the price target and maintain a positive outlook on the stock

The analyst's commentary underscores a belief in Disney's strategic moves and its ability to navigate the current media landscape effectively. With the updated price target, Loop Capital signals confidence in Disney's growth trajectory and its capacity to address challenges within its various business segments.