Disney was hit by residual pandemic headwinds and a tough economy. The Walt Disney Co. is a diversified international family entertainment and media enterprise. We value Disney stock at about $150 per share, which is roughly 50% ahead of the current market price. While its theme parks and cruise businesses got hit, the entertainment giant found success with its Disney+ streaming service. Find real-time DIS - Walt Disney Co stock quotes, company profile, news and forecasts from CNN Business. And the gains are not over yet. Meanwhile, Disney stock could rise to $121.991 in November 2027, according to the sites projection. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. Key price drivers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Image source: Walt Disney. Shareholders seemed most excited about the new streaming forecasts, as the company now expects to reach . At the time, Iger said he would stay on until the end of 2021 as executive chairman and direct the company's creative endeavors. Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. Never invest or trade money that you cannot afford to lose. Opinions expressed by Forbes Contributors are their own. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. The site suggested the stock could reach $118.328 in three years, according to its Disney stock forecast for 2025. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. of $0.30 in the fourth quarter, down from $0.37 in the prior-year quarter. Disney stock has seen a major sell-off this year, declining by almost 37% year-to-date, considerably underperforming the S&P 500 which remains down by 19% over the same period. The companyrode the pandemic-induced streaming boom into the first quarter of 2021. Remember, Disney previously announced 10 original series each from Marvel and Star Wars, along with 30 live-action shows from Disney animation and Pixar over the next few years. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! Disney suspended its dividend at the start of the COVID-19 pandemic, with its last payment date in January 2020. Since reaching an all-time high closing price in March 2021. Disney+ added only 2.1 million subscribers last quarter, which left Disney's share price on a downward spiral in 2021. Then, economic declines in 2022 strained the streaming industry as people reduced discretionary spending. The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. Additionally, Florida Gov. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Disney has also acquired several companies to reach wider audiences. Please. You'll want to wait until the market is in a confirmed uptrend, which means investors can buy leading stocks at proper buy points. Yes. McCarthy is implying that subscription growth should follow the timing of new content releases. Wall Street analysts do not provide long-term Disney share price projections. Find the latest The Walt Disney Company (DIS) stock quote, history, news and other vital information to help you with your stock trading and investing. -2.08%. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount, Universal, and Warner Bros. Theatrical releases, though, continue to struggle. Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. IsDisney stockis a buy right now? Some of the highlights are new CEOs, old CEOs, complete stops to some of its businesses, skyrocketing streaming, huge losses, and fabulous rebounds. Disney announced a restructuring plan, which could potentially result in cost savings of $5.5 billion, and the company also announced the termination of 7,000 jobs. Let's assess. Read on to find out. Here are some of the many problems Disney has endured in 2022 and 2023. However, if you are not currently a holder of Disney shares, it may not be the best time to buy. The stock is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. It actually lost subscribers in the fourth quarter, and losses were still staggering. Discovery . But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. can generate Disneys stock price forecast beyond 2022. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. Get these newsletters delivered to your inbox & more info about our products & services. Disney is not a buy right now. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. And that compounds the problem of real-world inflation for Disney, which said it spent $3.6 billion on capital expenditures in the past fiscal year and will increase that by $2.5 billion in 2022 . The following catalysts were responsible for the increase in Disney's stock price from the date of my sell rating until 2/9/2023: On 1/11/2023, Disney announced the appointment of board member Mark Parker, who is also Nike's executive chairman, as the new chairman of the board. 3 Dates for Disney Stock Investors to Circle in March, Stocks most and least liked by hedge funds and mutual funds - Goldman, T. Rowe Price Associates, Inc. (Investment Management), Northern Trust Investments, Inc.(Investment Management), Chairman-International Content & Operations, Chief Compliance Officer & Senior Vice President, Chief Diversity Officer & Senior Vice President, Chief Financial Officer & Senior Executive VP, Chief Human Resources Officer & Senior EVP, Chief Security Officer & Senior Vice President, EVP-Controllership, Financial Planning & Tax, Executive VP-Corporate Social Responsibility, Regional Director Bus Dev Operating Participants, Senior Executive Vice President & General Counsel, Registration on or use of this site constitutes acceptance of our. For 2023 fiscal year, Disneyexpected to spend cash content in the low of $30bn and $6.7bn of capital expenditure, up from $5bn in the 2022 fiscal year, McCarthy said. Unlike Netflix, which monetizes its content investment solely via monthly subscription fees, Disney has a much larger value chain, given its theatrical business, theme parks, merchandise, and licensing operations. We expect that Iger will unwind some of the major changes put in place by Chapek. But it needs to find a balance between streaming and in-person revenue. During the earnings conference call, Iger implied that he would not sell Hulu. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Considering that the company's latest quarter saw its entertainment and media segment report $10 million in operating losses after a costly investment in streaming content, the box office success should help Disney continue its current growth trajectory. The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The next stock split happened over a decade later in March 1986 when a 4 for 1 stock split took place. OK, Avatar: The Way of Water was an exceptional film, becoming the third highest-grossing film ever in a matter of weeks. Revenue for fiscal '21 grew 20% to $72.99 billion. account day-to-day movements in market value compared to a companys liability structure. The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disney's bottom line. Iger's success in his previous transformations makes it possible for him to succeed in his third transformation. This transformation is focused on operational efficiency. Disney just began to tap into this pipeline in the last month. The streaming industry, in general, has been facing headwinds as people consume less content online as the economy opens up post-Covid. The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disneys bottom line. DTCs full year 2021/2022 revenue was up 8% to $55.04bn, from $50.86bn during the same period a year earlier. The Marvel Cinematic Universe (MCU) has grossed more than twice the amount of the next-highest franchise, Star Wars -- also owned by Disney. 2000-2023 Investor's Business Daily, LLC. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. 2009 was a tough year for Disney and the market as a whole. View the latest Walt Disney Co. (DIS) stock price, news, historical charts, analyst ratings and financial information from WSJ. Written by movie and theme park attendance and ratings for Disney-owned ABC and ESPN is up for debate. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Google The last time the stock was close to that value was around June of 2020, at which point the stock was trading at $109.10. *Average returns of all recommendations since inception. I have no business relationship with any company whose stock is mentioned in this article. Copy and paste multiple symbols separated by spaces. Nelson Peltz, an activist investor, continued to engage with and urge Disney's management to undertake restructuring. So is Disney a buy? On 10 November, Disney reinstalled Robert A. Iger as chief executive officer as Chapek stepped down. . Updated daily, it takes into Making the world smarter, happier, and richer. Cost basis and return based on previous market day close. The US Consumer Price Index (, revenue growth of 9% and 23% for the fourth quarter and the full fiscal year 2021/2022 ended 1 October 2022 respectively, the company announced on, Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by, A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (, Disneys chief financial officer Christine McCarthy said during the earning call on. Iger has the task of finding a new CEO for Disney within the next 12-18 months. Discovery, which experienced stock declines of 51% and 62%, respectively, in 2022. The company reports fiscal fourth-quarter results in November. Discovery. The Companys registered office is at Bahamas Financial Centre, 3rd Floor, Shirley and Charlotte Street, P.O. Since then, Disney cleared several buy points en route to a March 8 record high last year. Disney Relative Valuation (Yahoo Finance: Disney Relative Valuation 2/27/2023). The CEO said his plan to cut costs by $5.5 billion will allow the company to start with a "modest" dividend and increase it over time. Key Points. Realtime quote and/or trade prices are not sourced from all markets. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 3, Wish II) and two are based on previous hits (Peter Pan & Wendy, The Little Mermaid). If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. 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