Goldman Sachs Adjusts Disney Price Target to 140

Goldman Sachs has slightly reduced its price target for Walt Disney (ISIN US2546871060) from USD 144.00 to USD 140.00 while maintaining a Buy rating. The adjustment, announced on October 3, 2026, comes despite a constructive outlook on the company's earnings. Analyst Michael Ng described Disney as a multi-year earnings compounder, citing an estimated 13 percent annual earnings growth rate and highlighting ongoing investments in its products and Experiences division.

Despite the reduced target, Goldman's new USD 140.00 price remains significantly higher than Disney's NYSE-listed stock price of USD 102.19 as of October 2, 2026, representing a 37.09 percent premium. The company's fiscal third-quarter 2026 results showed strong performance, with revenue increasing 7.00 percent year-over-year to USD 25.25 billion and adjusted earnings per share rising 28.00 percent to USD 2.06, surpassing estimates by 9.57 percent.

The company's Experiences segment, which includes its theme parks, saw revenue grow 10.00 percent to USD 9.97 billion, while operating income in this segment increased 20.00 percent to USD 3.02 billion. Disney's Entertainment streaming operating income more than doubled to USD 712.00 million. However, the Sports division faced challenges, with revenue up 4.00 percent to USD 4.50 billion but operating income down 17.00 percent to USD 858.00 million.

As of October 5, 2026, at 12:15 p.m. CEST, Walt Disney stock was trading at EUR 91.21 at Lang & Schwarz, up 0.51 percent from the previous close of EUR 90.75 on October 2, 2026. The company's market capitalization stood at USD 177.5 billion as of October 2, 2026, with a 52-week range of USD 92.19 to USD 117.09.