Can Disney Stock Keep Rising After Hitting a New 52-Week High?

Group 1 - Disney shares have increased by 35% since the beginning of last year, achieving a 52-week high recently and matching the S&P 500's performance after a previous period of underperformance [1][2][3] - The stock has risen 11% this year, outperforming the S&P 500's 5% gain, despite challenges in top-line growth and some theatrical releases [2][3] - Fiscal 2024 marked a turnaround for Disney, with the company achieving profitability in its streaming operations earlier than expected and significant increases in operating profit and earnings from continuing operations [4][5] Group 2 - Despite some disappointing ticket sales for specific releases, Disney has had a strong presence in the box office, contributing to positive quarterly results and a robust performance in its theme park operations [5][8] - Guggenheim analyst Michael Morris raised the price target for Disney shares from $120 to $140, maintaining a bullish buy rating, citing strength in Disney's experiences segment and a favorable outlook for sports advertising [7][8] - Disney's stock is trading at nearly 20 times Wall Street's profit target for the upcoming fiscal year, with earnings estimates rising following strong quarterly performances [9][10]