Disney Stock Trends Bullish Ahead Of Q2 Earnings, Analysts See Almost 23% Upside
Portfolio Pulse from Surbhi Jain
Disney (NYSE:DIS) is set to report its Q2 earnings with expectations of $1.10 EPS and $22.12 billion in revenues. The stock has seen a 12.69% increase over the past year and a 25.8% rise year-to-date. Despite mixed technical indicators, the overall trend for Disney stock is bullish ahead of the earnings report. Analysts predict a 22.74% upside with a consensus price target of $140.33.

May 06, 2024 | 1:58 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Disney is anticipated to report strong Q2 earnings, with a bullish stock trend and a significant upside potential of 22.74% according to analysts.
The anticipation of strong Q2 earnings, coupled with a bullish trend and positive analyst ratings, suggests a likely increase in Disney's stock price in the short term. The stock's performance year-to-date and the consensus analyst rating of a Buy with a significant upside potential further support this outlook. However, mixed technical indicators introduce some caution, hence the confidence level is not at the maximum.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100