After yesterday’s rise, shares of entertainment powerhouse The Walt Disney Company (NYSE:DIS) are up in the pre-market session today also as the sequel to Avatar continues its superb performance at the box office.
The movie is on track to overtake last year’s megahit Top Gun: Maverick as well. Impressively, Avatar: The Way of Water has already raked in $1.48 billion in collections so far.
Despite recent gains, shares of the company are still down nearly 41% over the past year. Analysts, in the meantime, have assigned the stock a Strong Buy consensus rating alongside an average price target of $119.
This indicates a substantial 29.38% potential upside in the stock.
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