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Looks like that GOP boycott OD and peebs were pimping a month or so back has not only been an "epic" failure - it looks like it's actually fueling "epic" Disney profits. 😂
Disney Stock Jumps as Analysts Boost Price Targets on “Epic” Quarter, Taking Wind Out of Activists’ Sails 😂
Wall Street experts speak of "fireworks" and a "big quarter" for CEO Bob Iger and his team, while also giving shoutouts to the Hollywood giant's new CFO Hugh Johnston.
The Magic Kingdom is getting its magic back, and Wall Street is elated. Disney‘s latest quarterly earnings report is in, along with color from CEO Bob Iger and his team on a new sports streaming joint venture with Fox and Warner Bros. Discovery, plus news of a $1.5 billion investment in Fortnite parent Epic Games and the fall 2025 launch date for an ESPN stand-alone streaming service.
So, Wall Street analysts had much to digest overnight, but most came away with optimism and increased stock price targets for Disney. In pre-market trading on Thursday, Disney shares were up more than 7 percent above $106. (Indy's note: It's higher now)
Guggenheim Securities analyst Michael Morris lauded a “big quarter” for Disney, reiterated his “buy” rating and boosted his stock price target by $10 to $125, based on higher financial estimates. (Indy note: Still a great buy if you want to get in peebs... OD...) “Our buy rating reflects anticipated improvement from intense content quality focus, moving past Hulu-ownership complications to maximize asset value, right-sizing spending, and giving more consumers more opportunity to pay for ESPN via a direct distribution tier,” he explained.
Morris also described the latest figures and announcements as the latest steps in Disney’s narrative. “Fiscal first-quarter results indicated further progress in CEO Bob Iger’s ‘building’ phase, headlined by partnership details (sports joint venture), a new investment (Epic Games) and official timing of ESPN streaming standalone (fall 2025),” he wrote.
Wells Fargo analyst Steven Cahall boosted his stock price target by $13 to $128 while maintaining his “overweight” rating on Disney in a report with the punny headline “Epic Quarter (Bob’s Version).”
“Disney is officially back on offense with the profit and loss humming and confident guidance,” he wrote.
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