The Walt Disney Company has named Josh D’Amaro as its new CEO, succeeding Robert A. Iger. D’Amaro will lead the company through challenges in box office growth and streaming profitability. The stock has struggled, closing at $105.35, down 18.36% from its 52-week high. In its recent earnings report, Disney reported $26 billion in revenue, with solid growth in streaming and theme parks. Analysts are optimistic, with a consensus “Strong Buy” rating and an average price target of $133.70, indicating a 26.8% upside potential. UBS and Bernstein SocGen reiterated their positive outlook, while BofA Securities lowered its price target but maintained a “Buy” rating.
Read more at Barchart: Josh D’Amaro Is the New Disney CEO. Should You Buy, Sell, or Hold DIS Stock Here?
