Citi Trims Disney (DIS) PT to $140 Ahead of Q1 Earnings and ESPN Update

Group 1 - The Walt Disney Company (NYSE:DIS) is considered one of the most undervalued large-cap stocks currently available for investment [1] - Citi has lowered its price target for Disney shares to $140 from $145 while maintaining a Buy rating, citing potential headwinds from the Fubo acquisition but emphasizing the growth potential of ESPN Unlimited [1] - Phillip Securities initiated coverage of Disney with an Accumulate rating and a $130 price target, highlighting the company's strong intellectual property (IP) as a key driver for consumer engagement across various platforms [2] Group 2 - Disney is making a $1 billion equity investment in OpenAI as part of a three-year partnership, becoming the first major content licensing partner for OpenAI's Sora video generator [3] - This partnership will allow access to over 200 characters from Disney's major franchises, including Star Wars, Pixar, and Marvel, for user-generated social videos starting in early 2026 [3] - Disney operates in three segments: Entertainment, Sports, and Experiences, across the Americas, Europe, and the Asia Pacific [4]