New Buy Rating for Walt Disney (DIS), the Technology Giant


In a report released today, Mark Zgutowicz from Rosenblatt Securities maintained a Buy rating on Walt Disney (DIS), with a price target of $150. The company’s shares closed on Friday at $115.

Zgutowicz wrote:

“We also highlight investor feedback from our NFLX and ROKU initiations on page 2. (1) Domestic Launch Date – We assume October 1st in the US.”

According to TipRanks.com, Zgutowicz is a 4-star analyst with an average return of 11.3% and a 70.0% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Trade Desk Inc, and Wix.com Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walt Disney with a $129.67 average price target, representing a 12.8% upside. In a report issued on March 25, Imperial Capital also maintained a Buy rating on the stock with a $129 price target.

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Walt Disney’s market cap is currently $172.5B and has a P/E ratio of 15.73. The company has a Price to Book ratio of 3.43.

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