The Fly

Disney price target lowered to $127 from $144 at BofA

BofA analyst Jessica Reif Ehrlich lowered the firm’s price target on Disney to $127 from $144 to reflect recent contraction in market multiples and keeps a Buy rating on the shares. She also lowered her estimate of fiscal Q4 revenue to $21.7B from $22.2B to reflect lower projected Disney+ net adds of 8M, down from 15M previously, along with lower content sales/licensing revenue and the impact of Walt Disney World closures for Hurricane Ian.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on DIS:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos