Disney's Forecasted Uncertainties: Analysts Delve into EPS Estimates Amid Media Challenges
Portfolio Pulse from Anusuya Lahiri
Credit Suisse analyst Douglas Mitchelson maintained Walt Disney Co (NYSE:DIS) with an Outperform and lowered the price target from $126 to $122. He revised his EPS estimates for FY23 to $3.70, FY24 to $5.12, and FY25 to $6.14. Mitchelson highlighted substantial forecast uncertainty for Disney, including the timing and cost of launching the main ESPN channel and its content DTC, the pace of linear decline, and potential labor cost increases. Truist Securities analyst Matthew Thornton reiterated Walt Disney with a Buy and a $105 price target.
August 21, 2023 | 10:46 pm
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Disney's price target has been lowered by Credit Suisse due to forecast uncertainties, while Truist Securities maintains a Buy rating. This could potentially impact Disney's stock price in the short term.
The lowered price target by Credit Suisse indicates a potential decrease in Disney's stock price. However, the maintained Buy rating by Truist Securities could balance the impact. The forecast uncertainties highlighted by the analysts could lead to market volatility for Disney's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100