Disney Stock Could Benefit From Box Office Strength, Streaming: Analyst Says DTC Set 'For Continued Revenue And Profit Growth'
Portfolio Pulse from Chris Katje
Goldman Sachs analyst Michael Ng maintains a Buy rating on Disney, citing strong box office and streaming growth as potential offsets to weaknesses in Experiences and linear segments. Ng forecasts Disney's Q4 earnings to exceed consensus estimates, driven by subscriber growth and price increases in streaming.
September 25, 2024 | 8:09 pm
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Goldman Sachs analyst Michael Ng reiterates a Buy rating on Disney, highlighting strong box office and streaming growth as key drivers for Q4. Despite challenges in Experiences and a DirecTV blackout, Ng expects Disney to beat earnings estimates.
The analyst's positive outlook on Disney's box office and streaming growth suggests potential upside in the stock. The expected subscriber growth and price increases in streaming are seen as strong drivers, while the DirecTV blackout and Experiences segment pose challenges. The reiterated Buy rating and a slightly lowered price target indicate confidence in Disney's ability to perform well in Q4.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100