Following his return to Disney (NYSE: DIS), CEO Bob Iger announced that the company’s hiring freeze will remain in place for now while he evaluates Disney’s cost structure.
Bob Iger also stressed that it is important to make the company’s streaming business profitable instead of focusing solely on subscriber growth. In addition, he also urged employees to be skeptical about the future of linear TV.
Is DIS Stock a Sell or Buy?
DIS stock has a Strong Buy consensus rating based on 17 Buys and three Holds assigned in the past three months. The average DIS stock price target of $122.25 implies over 27% upside potential.