Walt Disney shares have been left out of this year’s rally, with the stock down 3% since the end of December.
READ MORE Investors will get fresh data on the status of the turnaround when Disney reports financial results for its fiscal fourth quarter after the close of trading on Wednesday. For the period ended in September, the Wall Street consensus, as tracked by FactSet, calls for Disney to post sales of $21.4 billion, up 6% from a year ago, with profits of 71 cents a share.
For fiscal 2024, Nathanson sees overall growth of 4%, including 6% growth in experiences, and 3% growth in each of the other two units. Nathanson has a price target of $115 for Disney stock, some 35% above Tuesday’s close of $84.59.
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