Wall Street will be seeking insight from Disney executives on Wednesday as the entertainment giant navigates through turbulent times. Disney has been wrestling with a series of difficulties including inconsistent box office performance and the ongoing strike among Hollywood's actors and writers. The stock's performance has also been lackluster, up about 1% in 2023. The company will post fiscal third-quarter results after Wednesday's close.
Nonetheless, analyst John Hodulik acknowledged continued pressure in advertising and mixed performance in its Parks segments. Hodulik has a price target of $122 on shares, implying 38.4% upside from Tuesday's close. Evercore analyst Vijay Jayant also brought down his price target on shares to $110 from $130 on July 23, anticipating that the company will "modestly underperform" consensus estimates.