Company Update (NYSE:DIS): The Walt Disney Company Announces Second Startup Accelerator Program

Burbank, Calif., January 27, 2015 –The Walt Disney Company announced that it is accepting applications for its second Disney Accelerator program powered by Techstars. Disney Accelerator will select a class of 10 startup companies for a three-month mentorship and investment program beginning July 6, 2015 and concluding with a Demo Day on October 6, 2015. Read more »

Shares of Walt Disney Company opened today at $93.97 . DIS has a 1-year high of $96.43 and a 1-year low of $69.85. The stock’s 50-day moving average is $93.48 and it’s 200-day moving average is $89.02.

On the ratings front, Walt Disney Company (NYSE:DIS) has been the subject of a number of recent research reports. In a report issued on January 16, Stifel Nicolaus analyst Benjamin Mogil reiterated a Buy rating on DIS, with a price target of $110, which represents a potential upside of 17.1% from where the stock is currently trading. Separately, on December 10, Topeka’s David Miller downgraded the stock to Hold and has a price target of $97.

In total, 2 research analysts have assigned a Hold rating and 6 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $93.97 which is 7.9% above where the stock opened today.

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