Disney stock: Walt Disney Company (NYSE: DIS) is making a strong comeback, with its stock climbing 24% in May. A solid second-quarter earnings report and bold expansion plans have reignited interest among investors and analysts alike.
In Q1, Regatta Capital Group LLC trimmed its Disney stake by 10.9%, selling over 4,000 shares. Still, Disney remains one of its top 30 holdings. Meanwhile, institutional giants like Norges Bank and Arrowstreet Capital made major investments, with Norges buying over $2.4 billion in stock.
Wall Street analysts remain optimistic. UBS, Barclays, and Rosenblatt Securities all raised their price targets, with estimates ranging from $120 to $140. Disney’s average analyst rating now stands at “Moderate Buy,” according to MarketBeat.
Disney’s Parks and Experiences division led the company’s earnings success. Domestic park revenue jumped 9%, and operating profits rose 13%. That performance stands in sharp contrast to rival Comcast, which saw declines in its theme park segment.
To maintain momentum, Disney is investing $60 billion over the next decade to upgrade its parks and cruise experiences. Nearly 70% of the funds will go toward increasing capacity with new rides and attractions.
Old favorites like Muppet*Vision 3D and Test Track are closing to make way for modern, IP-based experiences. Fans can expect a Zootopia takeover, a revamped Buzz Lightyear ride, and new lands themed around Encanto, Cars, and Disney Villains.
With its stock now trading near $114, below the recent high of $118.63, Disney presents a potential opportunity for long-term investors. The company’s strong fundamentals, earnings beat, and aggressive expansion strategy point to sustained growth ahead.