- The shares of The Walt Disney Company (NYSE: DIS) have received a $220 price target from JPMorgan. These are the details.
The shares of The Walt Disney Company (NYSE: DIS) have received a $220 price target from JPMorgan. And JPMorgan analyst Alexia Quadrani reiterated an “Overweight” rating on the company shares.
Quadrani believes investors should look past the lighter first half of 2022 Disney+ subscriber additions and near-term noise at the legacy businesses due to COVID-19. And Quadrani expects a re-acceleration of subscriber growth into the second half and fiscal 2023, as well as the broader recovery of the legacy business with Parks ramping back to pre-COVID margin levels in 2023.
Going forward, Quadrani said Disney remains a top pick in media as it is believed the company has the best intellectual property in the industry and has yet to benefit from the flywheel of consumer interactions.
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