DISIs Disney making a comeback?
🐭 Ever wondered how Disney is doing lately? Well, hold on tight, because the company is in full comeback mode. Since Bob Iger returned as CEO, Disney has generated a whopping $13.255 billion in cash flow, the highest since 2018! Plus, their operating income is growing at an annual rate of 10%. Not too shabby, right?
🎥 And what about the upcoming releases? Get ready for Moana 2, Avatar 3, and Zootopia 2. With these hits on the way, Disney plans to keep dominating the entertainment industry. Their streaming platform alone brought in $6.3 billion just in the last quarter!
Sure, Disney has faced some challenges, but with shares down nearly 54% from their 2021 highs, this could be a golden opportunity for investors. Is Disney ready to shine again?
🎯 Price targets
▪️ High 🟰 $134
▪️ Average 🟰 $113
▪️ Low 🟰 $91
📊 Looking at the stock, from November to December 2023, the price fluctuated between $89 and $96. But by early 2024, the stock broke out above $96, gaining 27% over 69 days. However, from July to October, the price has stayed below $96, showing new upward trends. Currently, it’s sitting at $94, just $3 above its low price target.
🚀 With a one year projection, this could be a good moment to consider Disney stock for the long term!
