According to 23 analysts, the average rating for DIS stock is “Strong Buy.” The 12-month stock price forecast is $117.95, which is an increase of 34.13% from the latest price. In the near term, Disney can likely improve its perceived market value by following through on Iger’s pledge to demonstrate that the company’s streaming business can turn a profit. The median 12-month price target among the Wall Street analysts covering DIS stock is $108, suggesting double-digit upside from current levels. There are 25 analysts with “buy” or “outperform” ratings for Disney and only two analysts with “underperform” or “sell” ratings. Analysts are generally optimistic about Disney’s business and stock price in 2024. The analysts covering Disney are projecting full-year adjusted EPS $4.49 in 2024, up from an EPS of $3.47 in 2023.
The 22 analysts with 12-month price forecasts for Disney stock have an average target of 117.95, with a low estimate of 94 and a high estimate of 140. The average target predicts an increase of 34.13% from the current stock price of 87.94. Since the turn of the century, Disney shares have generated just a 268% return compared to a 367% total return for the S&P 500. If you look at just the past decade, Disney’s underperformance has continued even as it has transitioned its business to a streaming video model. In the past 10 years, Disney investors have logged a more than 38% gain compared to a roughly 203% total return for the S&P 500.
Passport numbers for a group of Disney DIS 0.13%increase; green up pointing triangle cruise line workers. Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personalized advice from qualified professionals regarding specific financial decisions. “The firm’s direct-to-consumer efforts, Disney+, Hotstar, Hulu, and ESPN+, are taking over as the drivers of long-term growth as the firm transitions to a streaming future,” Dolgin said.
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We receive compensation from the companies that advertise on Blueprint which may impact how and where products appear on this site. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Blueprint. Blueprint does not include all companies, products or offers that may be available to you within the market. This will be a quiet month in terms of things that are being introduced at Disney’s global collection of theme how does a crypto exchange work learn center parks.
Many of the seasonal festivals and Halloween celebrations kicked off in August. However, it’s also worth noting that Disney World in Florida and Disneyland in California have discounted ticket promotions for locals that are expiring later this month. Inside Out 2 is also likely to roll out to Disney+ in October, if not late September.
The average analyst rating for Disney stock from 23 stock analysts is “Strong Buy”. This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. The information is accurate as of the publish date, but always check the provider’s website for the most current information. “In (fiscal 2024), we see modest growth from advertising and affiliate license revenue; streaming revenue should also accelerate,” Leon said. In the company’s most recent quarter, Disney reported adjusted earnings per share of $0.82 on revenue of $21.24 billion, a 7% increase from the prior year.
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Disney stock price broke brokerage account definition $50 in 2013, the stock price hit $75 a year later and then finally smashed the $100 ceiling in 2015. Disney stock has been a part of six stock splits since the IPO,The first post IPO stock split happened in 1967 which was a 2 for 1 stock split. There were two more 2 for 1 stock splits shortly after in 1977 and 1973. The next stock split happened over a decade later in March 1986 when a 4 for 1 stock split took place.
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It’s a stark contrast to the general market’s rally, but the recipe is in place for Disney to resume its role of leadership among entertainment stocks. “Disney is still trying to figure out how best to balance its traditional TV business with its streaming buildout. With streaming still unprofitable and linear revenue continuing to erode, the pressure is building to deliver results that drive net growth for the business as a whole,” Lumley said.
In the past 30 years, Disney has generated a total return of roughly 714% compared to the $1,590% total return of the S&P 500 during that same stretch. After roughly four years of trading between around $90 and $120, Disney shares broke out to the upside in 2019 ahead of the launch of its highly anticipated Disney+ streaming service. Disney shares hit their all-time intraday high of $203.02 on March 8, 2021, but download the final trade audiobook by joe hart now trade at around $90 as of Nov. 9.
The company has struggled with the transition from linear TV to streaming, which was hastened by the pandemic. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Another thing holding Disney back is its recent stumbles at the box office. Well, Inside Out 2 recently became the first theatrical release by any studio to top $1 billion in worldwide ticket sales since Barbie’s blowout showing last summer. There are a lot of moving parts when it comes to Disney, and they aren’t always moving in the right direction.
- NVIDIA Corporation NVDA’s second-quarter report was viewed of the most important earnings prints in recent memory and a gauge for how the overall stock market could perform going forward.
- The 22 analysts with 12-month price forecasts for Disney stock have an average target of 117.95, with a low estimate of 94 and a high estimate of 140.
- Strong financial updates and a return to box office dominance haven’t reversed Disney’s slide, but there’s always a great, big, beautiful tomorrow when it comes to the House of Mouse.
- With prices heading higher for Disney’s streaming services on Oct. 17, having Inside Out 2 and shortly thereafter Deadpool vs. Wolverine will help with retention by justifying the subscription-fee increase.
Disney will likely only improve its performance in the coming years if it can demonstrate to investors its transition to a streaming video model can be profitable. Disney’s linear networks include the ABC broadcast network, several TV stations, and cable networks such as ESPN, Disney Channel, Freeform and National Geographic. Disney’s Parks, Experiences and Products segment includes Disneyland, Disney World and other domestic and international theme parks and its Disney Cruise Line businesses. Walt Disney Co. reported Q1 profit that fell substantially short of analysts’ expectations which sent the stock price to a 10% decline in after-hours trading. Putting Disney’s stock price in the $15 territory, a long way from a previous all time stock price high around $43.
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The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. With Disney shares buckling back below $100 it’s been a laggard in recent months.
