Disney stock price prediction: Could Disney stock surge? Analysts raise price targets after strong earnings
Wall Street is rising in Disney
Recently, Guggenheim, a global investment and consultancy financial services firm, has increased its price target for Disney’s shares from $ 120 to $ 140, according to a report of Benzinka. According to a report by Market Beat, Guggenheim’s analysts have now raised the shares of the entertainment giant as “purchasing” and the target price of the investment company shows a potential increase of 15% of the company’s previous closing.
Barclays were among the first people to arrange their appearance, upgraded the price target from $ 115 to $ 120 and appointed “overweight” note in the May 8 report according to the market rhythm. On the same day, Morgan Stanley reiterated the feeling and according to the report, he raised his target from $ 110 to $ 120.
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The UBS Group watched the case, upgraded the target price from $ 105 to $ 120, and giving a “purchase” note, Loop Capital went one step further, upgraded the estimated from $ 125 to $ 130 in the June 10 report.
Rosenblatt Securities raised its target from $ 135 to $ 140 on June 3, and gave Disney a degree of “purchasing ında according to Guggenheim’s market kick report. And the two went so far as to label it as a “strong purchase için for Disney shares. According to the market analysis of the market, the average price target in all companies is currently $ 124.79 and has a “moderate purchase” degree, recommending analysts to look forward to Disney stock.
Disney’s strong gains lead to optimism
The increase in the price target has given more confidence to the company according to the market rhythm report after Walt Disney has published better gains for the quarter that ends on May 7.
According to the report, Disney, $ 1.45 per share for the quarter, $ 1.21 $ $ 0.24 $ recorded above an estimation. The entertainment giant also reported $ 23.62 billion for the quarter of the analysts’ expectations of 23.15 billion dollars, as reported by Market Beat. Stock research analysts estimated that Walt Disney will declare 5.47 earnings per share for the current year, according to the market Beat report.
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FAQ
What is Disney’s highest updated price target?
Guggenheim and Rosenblatt put both for $ 140.
What is the average analyst price target for Disney Stock?
According to Marketbeat, it is currently $ 124.79.
