We value Disney stock at about $150 per share, which is roughly 50% ahead of the current market price. Type a symbol or company name. Learn all the ways IBDs top investing tools can help you succeed in the market! At the time of writing (1 December2022), the stock was trading at $97.64, below the pre-pandemic level. Of course, analysts are measuring the company's performance against management's guidance that Disney+ will reach between 230 million to 260 million subscriptions by fiscal 2024. Revenue) or per share (e.g. The price, however, started to spike after 20 March 2019, following Disneys acquisition of 21st Century Fox. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years, is clearly considered to be the best character for the job to throw a sparkle of magic back over the business, wrote Streeter of Hargreaves Lansdown. The Motley Fool has positions in and recommends Walt Disney and Warner Bros. Disney should not divest Hulu because Iger himself has said that Hulu ensures coverage of different age groups and broadens the market for its streaming services. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Both Nasdaq (32.7% down from its peak) and Dow Jones (17% below its peak) are also presenting slumps. The site suggested the stock could reach $118.328 in three years, according to its Disney stock forecast for 2025. Although shares are down almost 16% from a year ago and 13% since the beginning of 2022, they've rallied over the past month and, as of the market close on Feb. 15, had regained their January loss. *Real-time prices by Nasdaq Last Sale. ). Shareholders seemed most excited about the new streaming forecasts, as the company now expects to reach . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. The 64 analysts offering price forecasts for Walt Disney. As noted earlier, fiscal '21 EPS rose. Learn More. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). But the company kept growing. Disney's stock has shown signs of recovery since the start of 2023, rising over 10% year to date as investors grow optimistic about the entertainment industry again. It's worth watching, though, to see how the media giant fares now that its theme parks, cruises and movie theaters are back in action. The first memo Iger sent out in his smashing return to the CEO role centered around giving Disney's creatives more control in the distribution process. Last year Disney films won 23 Oscar nominations. Disney has undergone a challenging few years, to say the least. The parks segment has recovered well, with revenue nearly doubling year over year in the fiscal fourth quarter. Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by Zacks.com. which lost subscribers. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. In the sites Disney stock forecast for 2023, losed Joint Stock Company FinTech Solutions, Disney stock analysis and historical performance, What happened to Disney stock? The major market events for the week ahead right in your inbox. Since then, Marvel has been an incredible asset for Disney. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. And no, 2022 wasn't an exceptional year. If it . However, the next day, on February 9, 2022, he suggested the possibility of selling Hulu during an interview with CNBC. As of 1 December, 22 analysts tracked by Market Beat recommended a moderate buy rating for Disney stock, while 19 recommended a buy and three gavea hold rating. UPDATE: Disney stock values have continued to drop. DMED covers global film and episodic television content production and distribution activities. Its clear that some of our pricing initiatives were alienating to consumers. Disney Channels programming is made up of internally developed hits based on Disneys extensive library of feature films and animated characters. While the Covid-19 pandemic hit Disney with theme park closures and cancelled shows, the strong performance of its streaming services supported the companys performance. Subscribers of Disney+ Hotstar were projected to decline in the first quarter2022/2023 after it lost rights to air the Indian Premier League (IPL) cricket games. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. Get these newsletters delivered to your inbox & more info about our products & services. The content is distributed by a single organisation across three significant lines of business: Linear Networks, Direct-to-Consumer and Content Sales/Licensing. Discovery. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. Invest better with The Motley Fool. It's a bonus that some of these shows, such as La Casa de Papel (aka Money Heist) and Squid Game, have translated to high viewership in the U.S. and Canada too. Shares of the entertainment giant slid over 40% in 2022. Jennifer Saibil has positions in Walt Disney. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). Disneys content investments are also likely to be much more durable, given its iconic franchises, unlike Netflix which focuses a lot more on one-off shows. 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. That legislation gave Disney taxing power over the 25,000 acres it had bought up so it could build roads, power plants, and water and sewage systems, using money it collected from itself through property taxes within the district boundaries. Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. Since the beginning of 2022, Disneys stock has declined by 37%, steeper than 14.51% lost over 2021and was 1.5% below the pre-pandemic price of $99.40 on 16 October 2017,according to Trading Viewdata. Additionally, Florida Gov. Disney just began to tap into this pipeline in the last month. But losses in the streaming business continue to hurt the business. The new "Star Wars" original series releases Dec. 29 on Disney+. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. Yield investors in Disney now have more choices for income than just Disney stock. Disneys flagship Disney+ - which was a big driver of Disney stock in recent years - saw subscriber additions hold up better than rivals, with the company adding 7.9 million subscribers over the last quarter, compared to Netflix Consider Disney's 2022 film slate versus its competitors. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. When looking for Disney stock projections, remember that analysts and algorithm-based predictions can be wrong, and shouldnt be used as a substitute for your own research. Consumer Products operations consist of licensing and retail. You'll want to wait until the market is in a confirmed uptrend, which means investors can buy leading stocks at proper buy points. Here are some of the many problems Disney has endured in 2022 and 2023. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. More freedom in that process should lead to content being provided in the right medium to make the most money. Another activist investor, Dan Loeb, advised Disney, took a stake in the company, and pushed for change during the second half of 2022. A month later, Disney stock price dropped below $30, which was a year to date low. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. We. Disney stock got slammed as the Dow Jones index company closed its theme parks and suspended Disney Cruise Line departures. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. The reopening of Walt Disney 's ( DIS -1.41%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+). Consider Disney's 2022 film slate versus its competitors. Over Q2 FY22, Disneys Parks, Experiences, and Products segments results came in ahead of expectations at $6.7 billion, marking an increase of 110% year-over-year, despite this being a seasonably weak quarter which also saw a surge in omicron-related Covid cases. Disney is not short of growth opportunities heading into 2022. Never invest or trade money that you cannot afford to lose. I am not receiving compensation for it (other than from Seeking Alpha). 2009 was a tough year for Disney and the market as a whole. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. The California-based companys businesses include media networks, studio entertainment, interactive media, consumer products, theme parks and resorts. Disney is taking a page out of Netflix's playbook. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. 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. Electric vehicle startup Fisker said Monday it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. The fourth quarter was quiet for new releases, and as a result, subscriber growth slowed to 2.1 million subscriber additions. However, as of 2/27/2023, there are other options for income, such as CDs yielding 4.5% to 5% and 10-year US Treasuries yielding 3.95%, with 1-year yielding 4.75%. However, Disneys CFO Christine McCarthy said Disney+ Core subscribers were expected to only increase slightly in Q1 2022/2023 before accelerating in the next quarter. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. The top 2022 film, Avatar: The Way of Water, was released by Disney's 20th Century Studios, which it acquired in 2019, also under Iger's magnificent direction. The stock price is currently down 14.5% year to date, trailing the 27% return of the S&P 500 index. The consensus 12-month average Disney share price forecast was $132.07, a 34.95% potential increase from the closing price of $97.87 on 30 November. Privacy Policy & Terms of Use. Making the world smarter, happier, and richer. Theatrical releases, though, continue to struggle. 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. Cost basis and return based on previous market day close. Capital Com is an execution-only service provider. Disney is currently faced with the question of whether these changes can be made before conditions change again, and how far should the changes go? I wrote this article myself, and it expresses my own opinions. This transformation is focused on operational efficiency. Meantime, theme park revenue picked up. There's just so much to unpack when it comes to the world's largest (and perhaps most complex) entertainment company. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. As of May 10th, 2022, the stock was trading at around $108.49. Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. The Motley Fool owns and recommends Netflix and Walt Disney. The difference between trading assets and CFDs. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. However, the CEO responsible for Disney's golden years, Bob Iger, is back at the helm and on a mission to make streaming profitable. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Since IPO, Disney stock has been traded on the New York Stock Exchange under the ticker symbol DIS, it has been one of the 30 stocks in the Dow Jones industrial average since 1991. The company easily beat Wall Street targets for fiscal third-quarter earnings, revenue and subscribers. Iger's success in his previous transformations makes it possible for him to succeed in his third transformation. See our analysis of Disney revenue for a closer look at the companys key revenue streams and how they have been trending. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. Google 2022 highest-grossing films by parent company. The stock hit an all-time high closing price of $201 on 8 March 2021, after California announced it would allow ballparks, stadia and theme parks to reopen for outdoor activities starting 1 April 2021. In June, then-CEO Bob Chapek explained that "We have seen each new Disney+ original Marvel series attract incremental viewership and new subscribers that hadn't previously engaged with Marvel content on the service." While Covid-19 restrictions have limited its themeparkoperations, Macker believed the segment will rebound after capacity restrictions are lifted, partly because families still view the parks as prime vacation destinations. But its parks and experiences segment is struggling, and the balance sheet has a lot of debt. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. Macker also expected Disneys animated franchises across multiple platforms from movies, home videos, to musicals to continue to grow as more popular movies get released by the animated studio and Pixar. According to Variety, Disney spent about $460 million producing and promoting the film. 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. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. It found a bottom on March 18, 2020, before making its way back to fresh highs. Disney Parks, Experiences and Products segment sales jumped 70% to $7.4 billion in Q3. And as you can see below, BABA beat on both top . Author's Comment in January 2023. Your decision to invest in Disney stock should be based on your risk tolerance, investing goals, and portfolio composition. It remains our number one priority. Chart by author. Disney stock has been publicly traded since 1957 when it had its initial public offering where Disney stock was sold at $13.88 per share. On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. View the latest Walt Disney Co. (DIS) stock price, news, historical charts, analyst ratings and financial information from WSJ. The DMED segment encompasses the company's global film and episodic television content production and distribution activities. The Motley Fool has positions in and recommends Netflix, Walt Disney, and Warner Bros. Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. Key price drivers. And don't forget to keep an eye on the market's action. Realtime quote and/or trade prices are not sourced from all markets. Disney reported a stronger than expected set of Q3 2022 results on Wednesday, sending the stock up by about 8% in pre-market trading on Thursday. Disney stock predictions: Can Iger bring back Disneys magic? As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. Let's assess. . risk, allowing investors to make better decisions and streamline their work ow. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. It had been sinking in the year since, but most recently moved below its 50-day moving average. In other words, the majority of Disney's theater content is almost no-brainer efforts. The latter has expanded very successfully across international markets based on its focus on producing local language content. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. Several catalysts led to Disney stock price to increase in 2023. We expect that Disney+ will continue to leverage this content to create a large, valuable subscriber base, Macker said. Key Points. However, if you are not currently a holder of Disney shares, it may not be the best time to buy. When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. 2000-2023 Investor's Business Daily, LLC. Morningstar assigned Disney a wide economic moat rating and $170 fair value estimate in its Disney stock forecast. Disney is releasing seven other films outside of the MCU in 2023. Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. We expect the unique content on ESPN and Disney Channel will provide the firm with a softer landing than its peers as viewing transfers to an over-the-top world over the next decade, Macker added.. Disneys theme parks and resorts are almost impossible to replicate, especially considering the tie-ins with its franchises and other business lines, he said. From Disneys parks & Experiences segment is struggling to regain its footing as the company now expects to.. Boardroom shuffle, Iger will serve as Disneys CEO for two years its flagship family-oriented brands for new,... 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