DIS Stock Recent News
DIS LATEST HEADLINES
Walt Disney Co (NYSE:DIS) is down 0.2% to trade at $95.85 at last glance, even after Seaport Research upgraded the blue chip stock to "buy" from "neutral," citing its improved macroeconomic outlook.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Disney shares have rebounded from summer lows, trading in the mid-90s, with the potential to surpass $100 due to strong Disney+ performance and blockbuster film releases. Successful releases like Deadpool & Wolverine and Inside Out 2 have bolstered DIS's revenue, supporting future streaming and holiday sales. Expansion plans for Parks & Experiences, including new attractions and cruise ships, aim to drive growth despite recent margin weaknesses in this division.
Disney has a compelling valuation, but it also has a lot of debt. Lower interest rates could help the company turn its balance sheet and business around.
Disney stock currently trades at $93 per share, about 53% below its pre-inflation peak of about $200, seen on March 8, 2021. Several factors have driven the sell-off.
Hurricane Helene is on track to hit Florida and the Gulf Coast region Thursday night in what could be one of the most powerful storms to strike the regions in decades.
Needham analyst Laura Martin reiterated a Buy rating for Walt Disney Co DIS with a $110 price target.
Disney is reportedly eliminating 300 corporate jobs this week — the latest round in a broad cost-cutting initiative by Chief Executive Bob Iger.
Most online brokers have shelved barriers and fees that had previously kept everyday investors on the sideline. America's hottest stock, artificial intelligence (AI) kingpin Nvidia, is contending with mounting headwinds and is worth avoiding.
Disney just started paying dividends again earlier in 2024 after a four-year pause. The company's payout is roughly half of what it was before the COVID-19 pandemic.