Disney is cutting some big names in preparation for launching ESPN over the top.
The powerful entertainment company continues to get a thumbs-up from a top U.S. bank.
The latest trading day saw Walt Disney (DIS) settling at $94.15, representing a +0.11% change from its previous close.
The Walt Disney Company (DIS) saw its shares slide Tuesday as Raymond James analysts downgraded the stock, citing concerns about its parks division and said they're "getting off" the "rollercoaster."
Walt Disney Co (NYSE:DIS, ETR:WDP) is facing challenges heading into fiscal year 2025, with weakening demand at its theme parks and a slower-than-expected profitability ramp in its direct-to-consumer (DTC) streaming business, according to Bank of America (BofA). Shares of Disney have declined from their highs due to these pressures, which have raised uncertainty around the company's earnings growth.
Media giant The Walt Disney Company DIS scored a box office hit with "Inside Out 2," a movie that could also help the company's streaming segment for the fourth quarter.
Here are entertainment stocks to keep on watch this month.
Walt Disney Co.'s stock fell 0.9% in premarket trade Tuesday, after Raymond James downgraded it to market perform from outperform, and said a number of headwinds, notably its park division, will keep it range-bound for the next 12 to 18 months
The media giant has a lot going on as it kicks off fiscal 2025 this month.
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.