Walt Disney Company (NYSE:DIS) is one of the best communication services stocks according to Hedge Funds.
On January 5, Bank of America Securities analyst Jessica Reif Ehrlich reaffirmed her Buy rating for Walt Disney Company (NYSE:DIS). She estimated a target price of $140, which yields nearly 24% upside from the current level.
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Ehrlich predicts mixed results for the first quarter across various business segments. She predicts solid box office numbers for “Zootopia 2”, but at the same time, meager outcomes are expected from live-action releases. At the back end of the first quarter, the successful launch of Disney Adventure is also scheduled, which will be the company’s largest cruise ship so far. Despite attendance-related challenges, Ehrlich anticipates single-digit growth in revenues from the Experiences segment.
Wells Fargo analyst Steven Cahall also reiterated his outperform rating on Walt Disney Company (NYSE:DIS). Cahall gave a Buy call on the stock on January 5, with a price target of $152, leading to around 35% upside potential.
Wells Fargo also included Walt Disney Company (NYSE:DIS) on its Q1 2026 Tactical Ideas List. This is based on promising first-quarter demand expected during peak days at Parks. The analyst also reflected on stronger EPS figures for 2026, supported by the box office.
Walt Disney Company (NYSE:DIS) is a mass media conglomerate that produces entertainment and informational content. The company is also responsible for the distribution of its content globally. They operate through various segments that include Media Networks, Studio Entertainment, Direct-to-Consumer, and Parks, Experiences & Products. Moreover, the company also offers consumer products such as apparel, merchandise, and toys.
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Disclosure: None. This article is originally published at Insider Monkey.
