Elon Musk Says Disney's Entire Market Cap Hinges On Just One Thing, Rest Valued 'Neutral To Negative For Good Reason'
Portfolio Pulse from Shanthi Rexaline
Elon Musk criticized Disney's content slate as 'unwatchable' and claimed that Disney's market cap is solely based on its parks, with other segments valued 'neutral to negative'. Disney (NYSE:DIS) lagged the S&P 500 in 2023, with modest revenue growth and a drop in EPS. The company faces challenges in streaming and linear TV, and box office performance has been weak. Despite this, Morgan Stanley analyst Benjamin Swinburne is bullish on Disney's Experiences segment. Disney shares slightly fell in the last session.
January 02, 2024 | 6:18 am
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NEUTRAL IMPACT
Elon Musk's negative comments on Disney's content and valuation could impact investor sentiment. Despite modest revenue growth and EPS decline, Morgan Stanley's bullish stance on the Experiences segment may counterbalance negative perceptions.
Musk's comments could create negative sentiment, potentially affecting Disney's stock price. However, the impact may be mitigated by Morgan Stanley's positive outlook on the Experiences segment and the fact that the comments reflect Musk's personal opinion rather than a fundamental change in Disney's business.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80