Posted 3/25/2024, 6:21:00 PM
Disney Stock Rebounds 47% From Lows, Analyst Sees More Upside If Company Stays On Track
- Walt Disney stock has rebounded 47% from 52-week low, Barclays analyst sees 17% more upside to $135 price target
- Lingering issue is activist investor Nelson Peltz attempting to win Disney board seats through proxy vote
- Disney CEO said company on track to meet or exceed $7.5B in cost savings
- Consensus estimates Disney to report 14% year-over-year earnings growth next quarter
- Disney stock still over 40% off previous high, could offer more upside if growth initiatives stay on track
