Disney (DIS) shares dropped 7% in Q1 earnings, falling below key moving averages, signaling potential downward momentum. Citi analyst suggests buying on the dip, with stock down 10% from YTD high. Market overreacting to muted guidance, but healthy Q1 beat shows strong underlying business. Analyst remains positive with $140 price target and 1.41% dividend yield. Other Wall Street firms also bullish on DIS, with consensus rating of “Strong Buy” and potential 29% upside to $135 target.
Read more at Yahoo Finance: As Disney Stock Plunges Below Key Support Levels, Should You Buy the Dip?
