Disney Stock Tumbles Below 103 Amid Bullish Outlook

Walt Disney stock has slipped below $103 on September 18, 2026, marking a significant drop of nearly 49% from its peak in March 2021. The stock closed at just under $104, falling below its 200-day moving average.

The next earnings update is expected to be a key catalyst for the stock, with Disney set to release its fiscal fourth-quarter report on November 11, 2026. Analysts are bullish on the company's prospects, with 30 out of 33 analysts tracking the stock rating it as a buy and setting an average price target of $128.34.

This implies around 25% upside from the current price, but the stock still trades below its long-term moving average. The recent slide has put pressure on the stock's chart, with many investors waiting for the next earnings update to make their move.