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Disney shares have been on fire lately and can eke out further gains from here, according to Bernstein. The investment firm raised its price target for the entertainment conglomerate to $125 from $120 per share, implying about 5% upside. Analyst Laurent Yoon kept his outperform rating on shares as well. But Yoon’s “sum of the parts” analysis signals the stock can reach $132, which is 11.2% above Tuesday’s close. “However you cut it, Parks is growing (despite short-term volatilities), DTC margin is expanding, Sports is not going away, and while Linear is in decline, it remains profitable,” he said. DIS mountain 2025-04-01 DIS QTD chart “Disney’s stock has been on a roller coaster over the past three years, cycling between a trough of ~$80 and a peak of ~$120 – four times. It’s been dreadful for some, but a liquid hunting ground for others,” he said. “EPS growth from $3.66 in ’22 to $5.81 in ’25E (16% CAGR) hasn’t fully offset the complexity of Disney’s multi-component narrative.” Yoon’s price target revision follows a similar one from Loop Capital , which raised its forecast to $130 from $125 per share after Disney agreed to pay Comcast another $438.7 million to finalize its purchase of Hulu. That’s well below a potential liability of about $5 billion. Disney has already paid Comcast $8.6 billion for its 33% stake. Shares of Disney have added around 7% this year. For the quarter, the stock has surged more than 20%. Most analysts are bullish on the stock. LSEG data shows that 26 of 33 analysts covering Disney have a buy or strong buy rating.
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