Evercore ISI analyst Vijay Jayant raised the firm’s price target on Disney to $115 from $100 and keeps an Outperform rating on the shares. Early indications of Disney’s next era suggest the company is “on a credible path to return as an earnings compounder with sustainably robust free cash flow,” the analyst tells investors in a post-earnings note. Following last night’s report and guidance, the firm raised its FY24 adjusted EPS forecast to $4.73 from $4.20 and its FY25 view to $5.48 from $4.96.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DIS:
- Disney (NYSE:DIS): An Epic $1.5B Investment and a Mega Share Buyback
- Walt Disney Announces Flexible $3 Billion Share Buyback Plan
- Walt Disney Company Earnings Report: Is it a Beat?
- Disney Stock (NYSE:DIS): Dividend Hike, Sports Streaming, and Taylor Swift, Too
- Disney (NYSE:DIS) Gains after Q1 Earnings Beat
