Disney and Fox Lead Media Stocks, Wolfe Research Says
Wolfe Research has identified top media stocks in its latest analysis. The research firm maintains an Outperform rating for Disney, citing double-digit earnings per share growth and reinvigorating volume growth in its Experiences division.
The price target for Disney is $131, representing a 21.2% upside potential. Analysts note that if the company guides for 8% EPS growth due to the 53rd week in 2026, the market should respond favorably.
Additionally, Wolfe Research assigns an Outperform rating with a $93 price target for Fox and News Corp, indicating a 35.9% upside. The firm addresses investor concerns about a potential merger between the two companies, believing such a combination is unlikely due to industrial logic and cost synergies limitations.