DIS - Disney Stock Set For 20% Upside As Bob Iger's Turnaround Strategy Gains Momentum Says BofA: 'Appears To be In Command And Control And On A Growth Offensive' | Benzinga
The Walt Disney Company’s (NYSE:DIS) stock is poised for a 20% rise as Bob Iger’s turnaround strategy begins to bear fruit, according to a note from Bank of America released on Monday.
What Happened: Bank of America analyst Jessica Reif Ehrlich maintains that Iger’s growth-focused approach appears to be taking hold. The bank has reiterated its “Buy” rating on Disney and raised its price target from $130 to $145 per share, reported Business Insider.
“Bob Iger now appears to be in command and control and on a growth offensive,” she wrote.
Ehrlich highlighted that Disney’s theme park sector continues to perform robustly, with operating income projected to increase in the low to mid-teens in the fiscal second quarter. Furthermore, following a carriage deal with Charter, Disney is set to see a significant boost in net subscriber growth in the same quarter. This agreement, inked in late 2023, enabled certain Charter customers to access Disney+ without additional charges.
Disney’s streaming services are ...