Wall Street sets Disney stock price for next 12 months

Disney (NYSE: DIS) has been incurring losses in its streaming venture for nearly a decade, rendering its stock relatively stagnant. Over the last year, shares have declined by 9%, and the five-year trend shows a drop of 18%. The prospect of renewed investor confidence hinges on Disney’s commitment to achieving profitability in its streaming business by Q4 of fiscal 2024. Notably, the company reported a 7% year-over-year growth in revenue, with its “Experiences” segment leading the way with a robust 16% incr ...