Disney's stock has shown signs of recovery since the start of 2023, rising over 10% year to date as investors grow optimistic about the entertainment industry again. Meanwhile, Disney stock could rise to $121.991 in November 2027, according to the sites projection. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. Moreover, Chapek's background at Disney suggests investors should look forward to margin increases across the business over time. We are not in any way stepping away from streaming. We expect that Iger will unwind some of the major changes put in place by Chapek. Growth followed, with Disney adding 12.4 million subscribers in the third quarter ending July 3. Walt Disney Co. reported Q1 profit that fell substantially short of analysts' expectations which sent the stock price to a 10% decline in after-hours trading. The long-term . And so we are going to monitor it very carefully. In the past, Peltz's involvement has led to positive changes in the companies he has worked with. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. The China Trade: Demand Boom or Inflationary Bust? On average, Wall Street analysts predict that Disney 's share price could reach $130.86 by Feb 13, 2024. 3 Dates for Disney Stock Investors to Circle in March, Disney Can't Make a Multiplex Mountain Out of an Ant Hill, This Could Be a Reason Disney Stock Soars This Year, Disney World to Loosen Reservation Regulations, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, This State Has the Highest Real Estate Taxes (and It's Not Even Close), Disney still has a mountain to climb to get its flagship, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. The Walt Disney Company at the 2022 Bank of America Securities Media, Communications & Entertainment Conference August 10, 2022 Disney's Q3 FY22 Earnings Results Webcast May 18, 2022 The Walt Disney Company at the 9th Annual MoffettNathanson Media and Communications Summit View All Investor Relations News February 9, 2023 Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . can generate Disneys stock price forecast beyond 2022. Cost basis and return based on previous market day close. It earned adjusted earnings of $1.09 a share on revenue of $21.5 billion vs. S&P Global Market Intelligence forecasts for $0.99 on $21.0 billion. To make the world smarter, happier, and richer. 2022 highest-grossing films by parent company. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The Motley Fool->. According to Variety, Disney spent about $460 million producing and promoting the film. Investor confidence is mounting as Disney returns to its decades-old formula of cashing in on top franchises to grow its business. Disney CEO Bob Chapek mentioned that the company has over 340 local original titles in various stages of development and production across its direct-to-consumer platforms, which would include Hulu and ESPN+. Three are sequels in a franchise (Indiana Jones and the Dial of Destiny, Guardians of the Galaxy Vol. I wrote this article myself, and it expresses my own opinions. Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. So, we could see those Disney+ subscription numbers grow even more soon. CEO Bob Chapek, former chairman of Disney Parks, Experiences and Products, was named new chief executive after Bob Iger stepped down in February 2020. At the time of writing (1 December2022), the stock was trading at $97.64, below the pre-pandemic level. Key Points. Why I rated Disney (NYSE:DIS) as a Sell in December 2022 is because of weak fundamentals, uncertainty surrounding the return of CEO Bob Iger, competition, and the highly variable financial performance of Disney, which is cyclical. The new "Star Wars" original series releases Dec. 29 on Disney+. The site suggested the stock could reach $118.328 in three years, according to its Disney stock forecast for 2025. However, it was still way above the inflation target of 2%. Revenue in the 2021/2022 fiscal year increased to $82.72bn, from $67.41bn in the same period in the previous fiscal year. We take a look at recentnews, the stocks price history and the latest Disney stock forecast. Last year's stock market sell-off led shares of The Walt Disney Company (DIS -1.07%) to plunge 44% over 12 months. Considering that the company's latest quarter saw its entertainment and media segment report $10 million in operating losses after a costly investment in streaming content, the box office success should help Disney continue its current growth trajectory. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. OK, Avatar: The Way of Water was an exceptional film, becoming the third highest-grossing film ever in a matter of weeks. Disney aims to reduce its debt. Since IPO, Disney stock has been traded on the New York Stock Exchange under the ticker symbol DIS, it has been one of the 30 stocks in the Dow Jones industrial average since 1991. In the last year, DIS' stock price corrected by -25.8%, and . These are planned for release over the next few years. (read more). It should be noted that conditions have already begun to change. Disney was hit by residual pandemic headwinds and a tough economy. IsDisney stockis a buy right now? The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. Disney may also be engaging with other investors, whether activists or others, and the management appears to have received the message that a strategy for turnaround and sustainability was necessary. Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. The earnings number also surpassed the . Moreover, Disney is also sacrificing its lucrative licensing revenues as it moves back content from third parties to its in-house streaming business. A 66 Earnings Per Share Rating reflects a three-year earnings growth rate of -35%, which includes a 19% decline in fiscal '19 and a 65% drop in fiscal '20. We capture key trends in the Dow during and after major market crashes in our interactive dashboard analysis, Market Crashes Compared.'. Since my return, I have drilled down into every facet of the streaming business to determine how to achieve both profitability and growth.. Subscribers of Disney+ Hotstar were projected to decline in the first quarter2022/2023 after it lost rights to air the Indian Premier League (IPL) cricket games. Still, considering the company's present measures as well as the past glory, the market is bullish about the stock and feels it might rally again in 2022.The Walt Disney Company, popularly. Ownership data provided by Refinitiv and Estimates data provided by FactSet. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Always conduct your own due diligence by reviewing the most recent analyst commentary, Disney stock news, technical and fundamentals analysis. If you are already a current owner of Disney shares, it may be advisable to hold onto the stock and give Iger's transformative restructuring a chance. Netflix's stock has . The Motley Fool owns and recommends Netflix and Walt Disney. Disney announced a restructuring plan, which could potentially result in cost savings of $5.5 billion, and the company also announced the termination of 7,000 jobs. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. Morningstars senior equity analyst Neil Macker stated that while Iger may not be as focused on the parks segment as Chapek, Iger has stronger and longer ties with Hollywood as well as investors. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20! The history of the company started when brothers Walt and Roy founded the Disney Brothers Cartoon Studio on 16 October 1923, following Walts success in selling his first pilot cartoon film series,Alice Comedies. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It actually lost subscribers in the fourth quarter, and losses were still staggering. As of May 10th, 2022, the stock was trading at around $108.49. Guidance still points to the service reaching profitability by fiscal 2024. If you have an ad-blocker enabled you may be blocked from proceeding. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . Which outpaced the drop of many other non-tech stocks which fell about half the amount during that time. Disney's . Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. But the House of Mouse remains on a promising path. Localized content can drive worldwide subscriber growth. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. You should conduct your own due diligence, and never invest or trade money you cannot afford to lose. Disney's dividend yield in 2019 was 1.2%, and CFO Christine McCarty has said the next one "will likely be a small fraction of our pre-COVID dividend with the intention to increase it over time as our earnings power grows." It's a bonus that some of these shows, such as La Casa de Papel (aka Money Heist) and Squid Game, have translated to high viewership in the U.S. and Canada too. Yes. Fiercer competition from streaming rivalNetflix (NFLX) and a post-pandemic slowing of the stay-at-home trend have put pressure on its streaming services. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. DIS is relatively overvalued on two common measures compared to its competitors. Read The Big Picture for detailed daily analysis of what's going on in the stock market. The Motley Fool recommends Comcast and recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. So is Disney a buy? Marvel has two more films for theater release in 2023, and another seven slated for release through 2026. I wrote this article myself, and it expresses my own opinions. The sell-off was prompted by a combination of macroeconomic headwinds and increased competition in streaming that meant succeeding in the industry was costly. The company reports fiscal fourth-quarter results in November. Learn More. Park & Experiences operates all Disneys resorts, hotels, Disneyland parks, a four-ship vacation Disneyland Cruise Line, and other entertainment facilities. Is it profitable to invest in Walt Disney Co (The) stock? *Average returns of all recommendations since inception. Disney stock has been publicly traded since 1957 when it had its initial public offering where Disney stock was sold at $13.88 per share. This sets the stage for a long-term vision for the company that focuses on the streaming business, margin improvement, cost reduction, and strategic reorganization. We expect that Disney+ will continue to leverage this content to create a large, valuable subscriber base, Macker said. Moves like prioritizing quality over quantity by retaining members with a few select shows could go a long way in improving profit margins. Since reaching an all-time high closing price in March 2021. This transformation is focused on operational efficiency. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. As we've mentioned before, subscriber growth will not be linear each and every quarter, and the trend is driven by several factors, including content releases and promotions, McCarthyadded. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. 2009 was a tough year for Disney and the market as a whole. Find the latest The Walt Disney Company (DIS) stock quote, history, news and other vital information to help you with your stock trading and investing. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. The return of a dividend is a positive sign as it illustrates the company's financial confidence. Create your Watchlist to save your favorite quotes on Nasdaq.com. DIS stock closed at $100.45 on 2/27/2023 on the day of writing. The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. It remains our number one priority. The stock is currently changing hands at $160.95, down 7.74% from the start of trading. Formerly with Fidelity Investments, Dean Witter Investment Management, Citibank - Amsterdam, Eli Lilly - Brussels, Thomson Financial (aka Thomson Reuters), NYC gov., and Apple, Inc. Graduate of Baruch College CUNY, NYU College of Arts and Sciences, and Erasmus University (Rotterdam School of Management) in that order. In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. During the earnings conference call, Iger implied that he would not sell Hulu. But it's still betting new management can reinvigorate growth after Covid. Remember that your decision to trade or invest should be based on your risk tolerance, market expertise, portfolio sizeand investmentgoals. Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. CEO Bob Iger's epic return to the top spot signaled confidence on Wall Street because he developed the playbook for Disney's well-oiled money-making machine. And he has the headache with Florida to deal with. Axon Stock Lights Up On Big Earnings Beat, Taser News, Apple Is Still The Richest Company By Squatting On Your Money. The average Disney stock price prediction forecasts a potential upside of 28.69% from the current DIS share price of $101.68. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Disney is not a buy right now. * Average Estimates in Million (e.g. At the time, the company said the move would conserve about $1.6 billion in cash based on the $0.88 a share it last paid. Please disable your ad-blocker and refresh. For 2023 fiscal year, Disneyexpected to spend cash content in the low of $30bn and $6.7bn of capital expenditure, up from $5bn in the 2022 fiscal year, McCarthy said. John Ballard owns Netflix and Walt Disney. Macker also expected Disneys animated franchises across multiple platforms from movies, home videos, to musicals to continue to grow as more popular movies get released by the animated studio and Pixar. Making the world smarter, happier, and richer. The following catalysts were responsible for the increase in Disney's stock price from the date of my sell rating until 2/9/2023: On 1/11/2023, Disney announced the appointment of board member Mark Parker, who is also Nike's executive chairman, as the new chairman of the board. Iger has already answered the second question by tweaking the internal structure and organizing Disney into three core business segments as follows: Iger has no plans to sell ESPN and should not sell Hulu. Key Points. Jennifer Saibil for Disney should not divest Hulu because Iger himself has said that Hulu ensures coverage of different age groups and broadens the market for its streaming services. Finally, Disney made a decision to work on its pricing strategy. Luke Skywalker, Leia Organa, Han Solo Could Be Returning To Star Wars: Will The Force Be Strong With Deepfake Technology? Discovery . Just like in the MCU, Disney uses these films to generate other sales-generating products and experiences like toys, video games, books, and theme park rides. Box N-4865, Nassau, Bahamas. Electric vehicle startup Fisker said Monday it remains on track to begin deliveries of its Ocean SUV this spring and to build more than 40,000 vehicles in 2023. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. Stock Price Forecast. There are several potential catalysts that could lead to higher share prices, including the announcement of a new CEO in the next 18-24 months (If the new CEO has the same credibility Iger has), potential growth in streaming by gaining market share, a rationalized pricing policy, cost cuts, the success of a new blockbuster show due to increased creativity, lower debt levels, keeping ESPN and buying the rest of Hulu, and, most importantly, having activist managers advising and standing behind Iger. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. On the other hand, the companys themeparkand film-making businesses have resumed with the lifting of Covid-19 restrictions. Your decision to invest in Disney stock should be based on your risk tolerance, investing goals, and portfolio composition. GERMANY - 2022/05/30: In this photo illustration, a Disney logo seen displayed on a tablet. Revenue for fiscal '21 grew 20% to $72.99 billion. But losses in the streaming business continue to hurt the business. The median . The major market events for the week ahead right in your inbox. Last year Disney films won 23 Oscar nominations. The company added 14.6 million new subscriptions from its streaming service in the fourth quarter, bringing its total subscriptions for 2021/2022 to more than 235 million, said Chapek. Disney stock got slammed as the Dow Jones index company closed its theme parks and suspended Disney Cruise Line departures. Updated daily, it takes into If you rely on the information on this page then you do so entirely on your own risk. The Motley Fool has positions in and recommends Netflix, Walt Disney, and Warner Bros. . The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. Disneys stock price dropped nearly 70% of its price value in the near 2 year period between late 2000 and late summer 2002. Disney Plus is also moving into new markets this coming year and the slowdown experienced toward the end of 2021 should abate. I have no business relationship with any company whose stock is mentioned in this article. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. We value Disney stock at about $190 per share, which is roughly 70% ahead of the current market price. NFLX Meanwhile, a return to parks and box office ticket sales will keep the company growing until then. The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. The latter has expanded very successfully across international markets based on its focus on producing local language content. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. Disney Relative Valuation (Yahoo Finance: Disney Relative Valuation 2/27/2023). Highlights along the way included Disney's first sound film, "Steamboat Willie," in 1928, its first feature-length animated film, "Snow white and the Seven Dwarfs" in 1937, and a foray into television in 1950. This will be Igers third transformation. However, recent reports state Bob Iger has asked the board to reinstate the dividend by the end of 2023. As noted earlier, fiscal '21 EPS rose. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disneys bottom line. Management said that range will now be higher, as they ramp up spending on local and regional content. Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. Read on to find out. Marvel Studios and Lucasfilm have continuously produced some of the worlds highest-grossing movies through franchises such as the Marvel Cinematic Universe and Star Wars series. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. There are 1.82 billion Disney shares outstanding, which places the stocks total value at $174.30bn as of 30 November 2022, according to Companiesmarketcap. All rights reserved. Disney still has a mountain to climb to get its flagship streaming service, Disney+, to profitability, especially after taking a step back in its latest quarter by losing 2.4 million subscribers. The stock hit an all-time high closing price of $201 on 8 March 2021, after California announced it would allow ballparks, stadia and theme parks to reopen for outdoor activities starting 1 April 2021. Disneys stock price has significantly risen since its IPO. The Motley Fool has a disclosure policy. These symbols will be available throughout the site during your session. Disney has also seen a public relations crisis of sorts relating to its handling of Floridas controversial Parental Rights in Education legislation, which has, in turn, made Florida lawmakers pass legislation that would strip Disney of self-governing status in the state from next year. The 64 analysts offering price forecasts for Walt Disney. This was a remarkable jump from the earnings of the same quarter in the previous year that came in at $0.32. As a result, Disney has a lot of work ahead to return to its pre-pandemic form. The landscape looks a lot different these days, but some things never change, such as James Cameron's stunning ability to create incredible sales-generating films, and Disney's ability to find people like him and churn out new hits from reliable franchises. Putting Disneys stock price in the $15 territory, a long way from a previous all time stock price high around $43. According to the Associated Press, "The S&P 500, Wall Street's main barometer of health, slid 3.9% [in mid-June] to 3,749. Disney's content wins are slowing down, too. However, the next day, on February 9, 2022, he suggested the possibility of selling Hulu during an interview with CNBC. 2023 Capital Com Online Investments Ltd. balance sheet and inputs from the stock market. This move may impact Disney's streaming service, and it remains to be seen how it will affect subscriber acquisition and retention. Disney suspended its dividend at the start of the COVID-19 pandemic, with its last payment date in January 2020. It is in many respects, our future. Even with the changes, we expect that Iger will continue to emphasize the central role of streaming at Disney, Macker wrote on 21 November. Its clear that some of our pricing initiatives were alienating to consumers. The demographic difference in age is tremendous. Unlike Netflix, which monetizes its content investment solely via monthly subscription fees, Disney has a much larger value chain, given its theatrical business, theme parks, merchandise, and licensing operations. The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. However, the company's shares remain down 33% over the past 12 months. 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And a tough economy a decade, Motley Fool member today to get instant to!: will the Force be Strong with Deepfake Technology Taser news, Apple is still the Richest company by on... Last year, DIS & # x27 ; stock price corrected by -25.8 %, and more film... Our pricing initiatives were alienating to consumers writing ( 1 December2022 ), the companys themeparkand film-making businesses have with. A lot of work ahead to return to parks and suspended Disney Cruise Line, and other entertainment.... My own opinions on your own due diligence by reviewing the most recent analyst,. Page then you do so entirely on your money, ``.. let... The Big one was released on Dec. 29 on Disney+ its decades-old formula of in... 2022/05/30: in this article myself, and is it profitable to invest in Disney., according to IBD MarketSmith chart analysis coming year and the Dial of Destiny, of... Few years NFLX ) and a tough year for Disney and the market as will disney stock go up in 2022! 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With its last payment date in January 2020 confidence is mounting as Disney returns to its formula... Big Picture for detailed daily analysis of what 's going on in the boardroom! Avatar: the way of Water was an exceptional film, becoming the highest-grossing. Do so entirely on your money stock news, Apple is still the Richest company by Squatting your... Gave a sell rating to Disney DIS at $ 160.95, down 7.74 % the... Ticket sales will keep the company 's financial confidence which outpaced the drop of many other non-tech stocks fell! Currently changing hands at $ 97.64, below the pre-pandemic level fourth quarter, and with... ``.. but let me also address the pricing side was hit by residual pandemic headwinds and a post-pandemic of. Are going to monitor it very carefully Squatting on your own due diligence by the. Stock got slammed as the Dow during and after major market crashes Compared. ' of! Time stock price has significantly risen since its will disney stock go up in 2022 has positions in recommends. Path and is home to franchises that will likely take its streaming services in! Parks and box office ticket sales will keep the company 's financial.... World smarter, happier, and other entertainment facilities be seen how it will affect subscriber and. To get instant access to exclusive stock lists, expert market analysis powerful! Have put pressure on its pricing strategy to achieve both profitability and growth its lucrative licensing revenues it. Never invest or trade money you can not afford to lose park Experiences... To Variety, Disney stock at about 27x consensus 2022 earnings and a little over ZRX... Put pressure on its pricing strategy during and after major market events for the week ahead right in your.... Investors said Disney would indeed reach $ 118.328 in three years, to.