Wolfe Research Identifies Top Media Stocks for Significant Upside Potential
Wolfe Research has identified top media stocks with significant upside potential in the diversified media and music sector. The research firm's analysis highlights two companies, Disney and Fox, as leading opportunities due to their earnings growth prospects and strategic positioning.
Disney is maintained at an Outperform rating by Wolfe Research with a price target of $131, representing 21.2% upside potential. Analysts expect double-digit earnings per share growth to continue long-term as the company works to revitalize volume growth in its Experiences division.
Wolfe Research notes that Disney's recent developments, including record-setting presales for Avengers Doomsday and layoffs at the company, support optimism for 2027 guidance. Additionally, Benchmark reiterated a Buy rating on Disney, highlighting its expanding video game business and strategic partnership with Epic Games.
Fox also receives an Outperform rating from Wolfe Research with a $93 price target, indicating 35.9% upside potential. The firm addresses investor concerns about a potential Fox/News Corp merger, noting that such a combination is unlikely due to industrial logic and the recent Roku transaction.