Goldman Sachs analyst Brett Feldman maintained a Buy rating on The Walt Disney Co. after attending the company’s Disney Parks Investor Experience at Walt Disney World in Orlando.
Feldman’s conviction in the firm’s outlook has increased following the event.
The analyst notes that the new reservation system and Genie app provide new insights with multiple benefits.
Wells Fargoanalyst Steven Cahall noted that domestic Park execution could drive about a 5 percent upside to EPS.
The attractions, crowds, and evergreen Disney IP provides a unique foundation for the stock.
Cahall has an Overweight rating and a price target of $196 (39 percent upside).
BofA was bullish on Disney following the company’s park-focused investor day.
Jessica Reif Ehrlich was bullish on Disney as a reopening story, as park demand hasn’t fully recovered despite near-record results in the first quarter.
Walt Disney World saw massive crowds and sellouts in the first months of 2022, which is typically a slower period.
A report quoted Disneyland Paris increasing annual pass and day ticket prices.
By Anusuya Lahiri
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.