BofA update shows where active managers are putting money
Investing.com - Morgan Stanley (NYSE:MS) raised its price target on Walt Disney (NYSE:DIS) to $140.00 from $120.00 on Monday, while maintaining an Overweight rating on the entertainment giant’s stock. This aligns with the broader analyst sentiment, as InvestingPro data shows six analysts have recently revised their earnings estimates upward, with price targets ranging from $79 to $148.
The investment bank cited Disney’s potential for "healthy double digit adj. EPS growth in the years ahead" if the macroeconomic environment remains favorable.
Morgan Stanley highlighted growth in Disney’s Experiences and Streaming businesses as key drivers for the company’s financial performance.
The firm noted that Disney is positioned to rebuild its pre-pandemic earnings base through these growth segments.
According to Morgan Stanley’s analysis, Disney is on track to reach "new heights" in its financial performance by fiscal year 2027. Based on InvestingPro’s Fair Value analysis, the stock currently appears fairly valued. Get access to 8 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports.
In other recent news, JPMorgan has raised its price target for Walt Disney to $138 from $130, maintaining an Overweight rating ahead of the company’s fiscal third-quarter earnings report. The firm adjusted its Disney estimates, increasing its segment operating income forecast for the third quarter by 1% to $4.56 billion, due to a shift of some Linear Networks expenses to the fourth quarter. Meanwhile, the National Football League (NFL) is reportedly in talks to acquire a 10% stake in ESPN. If the deal goes through, ESPN would gain full ownership of NFL Network and NFL RedZone. Netflix (NASDAQ:NFLX) has started using artificial intelligence video generation software from Runway AI for its content production, marking a notable technological shift in the industry. This move has stirred some controversy in Hollywood, where there are concerns about AI’s impact on jobs. Additionally, Wells Fargo (NYSE:WFC) has maintained its Overweight rating and $30 price target on IMAX (NYSE:IMAX) Corporation. The firm made adjustments to its quarterly estimates, lowering its third-quarter global box office and adjusted EBITDA estimates by 6% and 9%, respectively, while slightly increasing fourth-quarter projections.
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