Disney Soars as Analysts Tout Double-Digit Growth Potential

Walt Disney's stock price rose by 2.3% in morning trading on [no date mentioned], reaching $110.22 as a new analyst note from Benchmark and Morgan Stanley highlighted the company among top Communication Services picks.

The notes from these analysts added fresh momentum to shares that have already been buoyed by a constructive post-earnings narrative, which followed Disney's fiscal Q3 earnings beat where adjusted EPS rose 28% to $2.06.

Morgan Stanley outlined three specific drivers it believes could re-rate Disney's valuation over the next six to twelve months: sustained strength in Parks and Experiences, accelerating monetization of its content library, and durable double-digit revenue growth in Disney+ accompanied by expanding margins.