From Yahoo Finance: 2024-04-13 05:15:00

Disney (DIS) stock is rebounding, up 30% this year after hitting a decade low in 2023. CEO Bob Iger is refocusing the company on its core strengths, investing in parks and streamlining operations to boost profits. Investors are optimistic, betting that Disney will continue its upward trajectory.

Strong results in Q1 show Disney moving in the right direction, with revenue flat but operating income up 27% and streaming losses decreasing significantly. The company is recalibrating its strategy for films and franchises, with a focus on profitability. The road ahead looks promising, with potential for continued growth in the stock price.

Despite recent gains, Disney stock remains 40% off its 2021 highs, offering potential for further upside. With a strong leadership team and strategic initiatives in place, investors continue to have confidence in the company’s ability to deliver long-term shareholder value. It may not be too late to invest in Disney.



Read more at Yahoo Finance: Disney Stock Is Up 30% This Year. Is It Too Late to Buy?