Disney Stock Price Cut, But Retail Investors Remain Bullish Amid Strong Growth Predictions

Raymond James analysts have revised their price target for Disney (DIS) to $111 from $119, citing increased competition from Comcast's theme parks. Despite this reduction, retail investors remain 'extremely bullish' on the stock.

The lowered price target still indicates an upside potential of about 11.5% from its last close. In contrast, the 12-month average price target of $129.67 implies an even higher upside of more than 30% on the company's stock.

Wall Street analysts are largely bullish on Disney's growth potential, with 27 out of 30 covering the stock having a 'Buy' or higher recommendation. JPMorgan recently raised its price target to $140 from $139 and maintained an 'Overweight' rating.