From Investing.com: 2024-04-11 12:37:02

J.P. Morgan upgrades Disney stock to Overweight with a price target of $140 by December 2024, implying a 20% upside from current levels. Disney’s shares have surged 28% compared to S&P 500’s 8.6% rise in the last three months. Analysts credit Disney’s content, streaming services, and park operations for the upgrade.

Disney’s DTC segment set to be profitable in Q4 2024 with new Disney+ subscribers boosting earnings. Adjusted EPS forecast raised to $4.64 for fiscal year ending September 2024. Strategic measures in place to improve financials across business segments, including experiences, content sales, and sports divisions.

Disney shares have rebounded strongly in the past six months, with valuation model showing experiences and DTC segments contributing significantly. Bank foresees Disney navigating media landscape challenges through cost restructuring and partnerships, with potential catalysts for consensus revisions and multiple expansions on content upside and financial improvements.



Read more at Investing.com: JP Morgan is bullish on Disney stock despite challenges in legacy media By Investing.com