Disney(DIS) Finbold·2024-10-25 09:21Stock Performance and Technical Analysis - Disney stock currently trades at $95 40, having declined by -1 70% over the past five days, with a trading range of $91 46 to $97 57 in the past month [1] - A resistance zone is identified at $95 89, with potential buying opportunities if the stock breaks through this level, while support is located at $94 98 [1] Analyst Ratings and Price Targets - Goldman Sachs raised Disney's price target from $120 to $125 on October 24, maintaining a 'Buy' rating [1] - Needham & Company reaffirmed a 'Buy' rating with a price target of $110, citing Disney's brand power and innovative strategies [2] - Piper Sandler initiated coverage with a 'Neutral' rating and a price target of $95 00, highlighting mixed performance in theme parks but strong gains in the direct-to-consumer segment [3] Earnings and Growth Drivers - Goldman Sachs raised FY25 EPS projection to $5 15 and FY26 forecast to $6 28 from $5 96, driven by new initiatives like the Lightning Lane Premiere Pass and Disney Adventure maiden voyage [2] - Disney+ is emerging as a key growth engine, with significant gains in the direct-to-consumer segment as consumer preferences shift toward digital content [3] Leadership and Strategic Direction - James Gorman, a veteran executive from Morgan Stanley, will take over as Disney's board chairman in 2025, bringing financial expertise to guide the company through expansion and evolving consumer landscapes [4] Long-Term Growth Prospects - Despite recent stock pullback, analysts remain optimistic about Disney's long-term growth, particularly with Disney+ gaining global traction [5] - The stock's consolidation phase may present an attractive entry point for investors, supported by Goldman Sachs' revised price target and Needham's confidence in Disney's strategic moves [5]