Morgan Stanley (NYSE: MS) analyst, Benjamin Swinburne noted that Disney is priced below the price it traded at when it launched its Disney+ streaming service, and despite macro pressures on the stock, he believes the price is attractive and rates them ‘overweight’. He also added:
DIS chart and analysis
Meanwhile, shares of the company are down over 39% year-to-date (YTD), staying in a continuous momentum downward since November 2021. Recent trading sessions have seen the shares close below all daily Simple Moving Averages (SMAs), trading near the pandemic lows when worries around the parks and cruise part of the business were at its highest. Similarly, analysts rate the shares a moderate buy, with average next 12 months price predictions at $144.61, 53.19% higher than the current trading price of $94.40. Despite all of the headwinds that are facing the global economies, it seems that pockets of value can be found. Namely, Swinburne lowered its price target on DIS to $125, which implies he sees an upside of over 30% from the current price. Market participants are apparently given solid buying opportunities in difficult market conditions, and according to Morgan Stanley, Disney is one of them. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
