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Disney (NYSE: DIS) stock currently sits at $95.40, having slid -1.70% in the past five days. Over the past month, shares have traded between $91.46 and $97.57, presenting a wide range of movement. As it approaches the higher end of this range, some analysts suggest now might be a strategic moment to enter, especially with prices consolidating.  There’s a resistance zone just above the current price at $95.89, offering a potential entry point for those eyeing a rebound. Disney 5-day price chart. Source. Finbold Analysts boost DIS stock price target Goldman Sachs added a boost of confidence on October 24 by raising its price target for Disney from $120 to $125, maintaining its ‘Buy’ rating.  Goldman’s bullish stance stems from Disney’s continued expansion within its Parks and Experiences division. With the launch of the Lightning Lane Premiere Pass and the much-anticipated Disney Adventure maiden voyage slated for December 2025, Disney’s FY25 and FY26 earnings are looking brighter.  Goldman’s analysts raised their FY25 EPS projection to $5.15 and bumped the FY26 forecast to $6.28 from $5.96, citing Disney’s new initiatives as revenue drivers. Needham & Company’s Laura Martin remains just as optimistic. She reaffirmed her ‘Buy’ rating with a price target of $110, underscoring her belief in Disney’s ability to leverage its brand power and innovative strategies, particularly as Disney+ continues to gain ground. Her steady confidence in the company reflects a long-term vision where Disney adapts seamlessly to changing consumer demands. Piper Sandler initiates Disney stock coverage On the flip side, Piper Sandler, who initiated coverage on October 16, took a more cautious stance, assigning a ‘Neutral’ rating and a price target of $95.00.  Piper’s analysts introduced a monthly report that dives deep into alternative data trends across Disney’s business units. While the report highlighted mixed performance in the theme parks…

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Filed under: News - @ October 25, 2024 9:22 am