🎁$DIS Breaks Out of the 50DMA, More Brighter Days are Ahead？
💰💰💰Hi Tigers💖💖💖
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1. $Walt Disney(DIS)$ Q2 Earnings Beat Estimates on Higher Revenues
2.Factors Drives $Walt Disney(DIS)$ ‘s Prices Higher
Disney's overall revenue picked up, but still missed expectations, and adjusted EPS also fell to $1.03, but it was higher than the consensus estimate of $0.97.
In terms of specific businesses, media and entertainment revenue was US$14 billion, which was lower than market expectations of US$14.3 billion. The number of streaming media subscriptions fell again, and continued to turn losses year-on-year, but the degree of losses has eased. At the same time, offline parks benefited from the recovery in China and soared year-on-year, and are expected to be the first to hit a record high. Welcome to read: Disney's Losing Subs Again, Is Time To Bet On Bob Iger?
The current target price of $Walt Disney(DIS)$ Based on 20 Wall Street analysts offering 12 month price targets for Walt Disney in the last 3 months. The average price target is $112.18 with a high forecast of $146.00 and a low forecast of $76.00. The average price target represents a 22.25% change from the last price of $91.76.
3. More Discussion on $Walt Disney(DIS)$ ’s Future Trend and Target price
@MortensenBach $DIS UPDATE - Looking fairly strong with significant reversal action near key support. Should see much higher prices after Earnings catalyst! Love these reversal plays because of the low risk! Hope you took it with me💰💸💥🚀
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@jovanroche, $DIS still has alot of work to do before a real breakout - but it held where it needed to for now, $Walt Disney(DIS)$ was consolidating at 2014 levels from $85.00-$85.50.As long as this level doesn't break I think any longer-dated calls will pay.
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4. Question for Tigers（All valid and top 10 most popular stocks are rewarded by Tiger Coins)
Hold or Sell? Will you consider $Walt Disney(DIS)$ an easy long for long-term holders? What’s your target price?
Any other stocks are shaping the same pattern?
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Hold or Sell? Will you consider $Walt Disney(DIS)$ an easy long for long-term holders? What’s your target price?
My Target price to buy Disney is USD 90.
It is time in the money that counts, not timing the market.
@Trend_Radar
Disney should continue to grow as their offline parks business are getting better after pandemic and will break record high for its revenue in this sector soon!
The Walt Disney Company subsidiary signs agreement with Penn Entertainment for sports betting, likely to have immediate short-term results and long-term growth. Disney's ESPN subsidiary gives them an advantage in the sports betting industry, potential for future acquisition of Penn. Hulu financing concerns, if they even happen, are way overblown. Most large companies get market share first and then profits. After that, growth resumes. The image of management on top of its problems with solutions underway is extremely valuable to the stock price. Disney's stock is expected to rally in the short term due to the Penn Gaming deal and bouncing off the $85 support level. Disney's streaming business is struggling, with declining subscribers for the key ESPN+ service. The stock trades at 17x aggressive FY24 EPS targets, providing limited upside on any rally. My target price is $100.
$Walt Disney(DIS)$