Walt Disney Raising Our Price Target After Potentially The Best Quarter In A Decade


  • Walt Disney’s sales and earnings beat expectations, lifting the stock price by +5% following the announcement of earnings on Wednesday, February 8th, 2023.
  • Parsing through the figures, we come away impressed and anticipate profit margins to reach high single digits, 9%-10%, by FY ’25.
  • Given the added profitability due to cost restructuring, and material upside tied to theater and parks and resorts business units, we think Walt Disney Company can beat and raise estimates this year.
  • We raise Disney’s price target from $157 to $177 in our latest research, as we continue to recommend Walt Disney to our readers following the announcement of earnings.
  • Walt Disney’s proxy battle with Nelson Peltz is officially over, which creates less noise around the stock following Q1 ’23 earnings. Bob Iger wins the approval of shareholders with shareholder-friendly announcements throughout Q1 ’23 earnings call.

Walt Disney Chairman And CEO Bob Iger Rings Opening Bell At NY Stock Exchange

Drew Angerer


Walt Disney (NYSE:DIS) reported phenomenal FY’Q1 ’23 earnings results, which the street responded to very favorably. The company reported a beat on both top line and bottom line results on February 8th, 2023. The stock rallied by +5% to close Wednesday after-hour session. We

Walt Disney

Walt Disney Q1 ’23 Earnings Release (Walt Disney)

Walt Disney

Walt Disney Q1 ’23 earnings release (Walt Disney)

Wedbush Estimates Film

Theater revenue United States 2022 (Wedbush)

Walt Disney Film Slate

Walt Disney Q1 ’23 Earnings Presentation (Walt Disney)

Trade Theory Walt Disney

Walt Disney Quarterly Estimate (Trade Theory)

Trade Theory Walt Disney

Financial Model Walt Disney Multi-Year (Trade Theory)

Trade Theory Walt Disney

Walt Disney Valuation Model (Trade Theory)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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