Disney Analyst Highlights Streaming, Theme Parks And 'Portfolio Durability'
Disney Analyst Highlights Streaming, Theme Parks And 'Portfolio Durability'
The new $135 price target assumes Disney shares can trade closer to a forward price-to-earnings ratio of 22x, instead of the near 10% discount to the market average Disney stock has traded at in recent history.Walt Disney Company (NYSE:DIS) may have bright days thanks to theme parks and streaming, according to Rosenblatt's Barton Crockett.
根據Rosenblatt的巴頓·克羅基特的說法，華特迪士尼公司（紐交所：DIS）可能因爲主題公園和流媒體而迎來光明的日子。
The Disney Analyst: Crockett maintains a Buy rating on Disney and raised the price target from $122 to $135.
迪士尼分析師：克羅基特對迪士尼維持買入評級，並將目標價格從122美元提升至135美元。
The Analyst Takeaways: Disney's growth looks "do-able" and the stock is "buyable," Crockett writes in a new investor note.
分析師總結：克羅基特在一份新的投資者報告中寫道，迪士尼的增長看起來是"可行的"，該股票是"可以買入的"。
The new $135 price target assumes Disney shares can trade closer to a forward price-to-earnings ratio of 22x, instead of the near 10% discount to the market average Disney stock has traded at in recent history.
新的135美元目標價格假設迪士尼股票的交易價格能接近22倍的前向市盈率，而不是最近歷史中與市場平均價相近的近10%的折扣。
"A northward re-rating for Disney can be supported by rising confidence in portfolio durability and growth trajectory, and less concern about exposure to secular pressures on linear TV and competition in streaming," Crockett said.
克羅基特表示，在投資組合的耐用性和增長軌跡上日益增強的信心支持下，對於迪士尼的重新評級，可以在上行，並且對傳統電視的世俗壓力和流媒體競爭的擔憂減少。
Disney's confidence in high single-digit earnings per share growth in 2025, and double-digit growth in 2026 and 2027 appears aggressive, Crockett says. But it could become a reality, he adds, after hearing more details from new CFO Hugh Johnson last week.
克羅基特指出，迪士尼對2025年高單位數每股收益增長，以及2026年和2027年雙位數增長的信心顯得激進。但他補充道，在上週聽到新任首席財務官休·約翰遜的更多細節後，這可能會成爲現實。
Disney remains focused on its theme park segment and cruise lines, which will continue to attract guests in future.
迪士尼仍然專注於其主題公園部門和郵輪概念，這將繼續吸引未來的客人。
Disney's DTC segment, which includes Hulu, Disney+ and ESPN streaming platforms, could also be a key growth element, Crockett said.
Crockett表示，迪士尼的直接面向消費者（DTC）業務，包括Hulu、Disney+和ESPN流媒體平台，也可能是關鍵的增長要素。
The analyst said cross-promotion reduced churn and Disney+ is enjoying a lift in subscribers thanks to several hit films. The release of movies like "Deadpool & Wolverine," "Inside Out 2" and "Moana 2" on Disney+ could help boost subscriber growth ahead.
分析師表示，交叉促銷減少了用戶流失，Disney+因幾部熱門電影而享受到了訂閱用戶數的提升。像《死侍與金剛狼》、《頭腦特工隊2》和《海洋奇緣2》等電影在Disney+的發佈可能會幫助提升未來的訂閱用戶數增長。
Crockett says DTC streaming is "the leading driver of segment profit growth in F2026."
Crockett稱，DTC流媒體是「2026財年部門利潤增長的主要驅動力。」
Price Action: Disney stock is down 0.58% to $112.41 on Monday versus a 52-week trading range of $83.91 to $123.74. Disney stock is up 24% year-to-date in 2024.
價格動態：迪士尼股價週一下跌0.58%，報112.41美元，相較於52周交易區間83.91美元至123.74美元。迪士尼股價在2024年迄今上漲24%。
譯文內容由第三人軟體翻譯。
