Argus Reaffirms 'Buy' Rating on Walt Disney with $134 Price Objective

Equities researchers at Argus reaffirmed their 'buy' rating for Walt Disney's (NYSE:DIS) stock, maintaining a $134 price objective and implying a potential upside of nearly 30% from the current price.

This is not the only bullish call on Disney; other research analysts have also issued positive reports. For instance, Guggenheim reiterated its 'buy' rating with a target price of $120, while Benchmark reaffirmed a 'buy' rating and set a target price of $115.

Disney's stock has been performing well lately, driven by the company's growth in streaming services, theme parks, and consumer products. The company reported adjusted earnings per share (EPS) of $2.06 for the last quarter, exceeding analyst consensus estimates by 20 cents, while revenue rose 6.8% year-over-year to $25.25 billion.

Despite some cautionary views, analysts remain optimistic about Disney's prospects. Analysts' average rating is 'moderate buy,' and the consensus price target stands at $128.22. With its diversified business portfolio and strong growth potential, Walt Disney remains an attractive investment opportunity for many market participants.