Morgan Stanley Says Walt Disney Is Rebuilding Profitability And Not Sitting Still
Portfolio Pulse from Shivani Kumaresan
Morgan Stanley analyst Benjamin Swinburne reiterated an Overweight rating on Walt Disney Company (NYSE:DIS) with a price target of $105.00. Disney's Q4 revenue increased 5% YoY to $21.24 billion, missing the estimate of $21.33 billion. Earnings of $0.82 beat the consensus estimate of $0.70. The analyst expects Disney's Experiences, led by the international parks and cruise business, to grow mid to high-single digits in FY24 and contribute about two-thirds of consolidated segment OI. The analyst also looks forward to the continued evolution of Disney's streaming offerings and the return of its dividend.
November 09, 2023 | 8:26 pm
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Morgan Stanley analyst reiterated an Overweight rating on Walt Disney with a price target of $105.00. The company's Q4 revenue increased 5% YoY, missing estimates but beating earnings consensus. The analyst expects growth in Disney's Experiences and the return of its dividend.
The analyst's Overweight rating and the price target of $105.00 indicate a positive outlook for Disney's stock. Despite missing revenue estimates, the company beat earnings consensus, which is a positive sign. The expected growth in Disney's Experiences and the return of its dividend also contribute to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100