Following a dramatic year, during which Walt Disney Co (NYSE: DIS) witnessed ups and downs ranging from massive subscriber losses, actors and writers’ strikes, and cuts that made its streaming business more profitable, the company’s stock has recently made a massively bullish upturn.
As it happens, DIS shares first skyrocketed on February 8 after its CEO Bob Iger announced a $1.5 billion stake in Fortnite creator Epic Games, the launch of an ESPN streaming service in 2025, Taylor Swift’s Eras Tour movie on Disney+, and a Moana sequel this year.
The positive sentiment led to the stock’s further gains that culminated at $112.45, marking its highest price in more than one year, according to the recent chart pattern data observed by the stock market analytics platform Barchart in an X post published on February 16.
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Disney stock price analysis
In the meantime, the current price of DIS stock represents an increase of 0.8% on the day, an advance of 1.73% across the past week, as well as a whopping 21.95% growth over the previous month, while it has accumulated a 6.87% gain on its yearly chart.
At the same time, Disney is outperforming 74% of all other assets in the stock market in terms of its yearly performance while also doing better than 77% of the 76 other stocks in the entertainment industry, recording positive trends both in the short and long term, making a new 52-week high.
In conclusion, all of the above factors are bullish for the price of DIS stock and could see it continue its gains in the future, and Wall Street experts agree, rating it as a ‘moderate buy’ during the last three months, and setting its average price at $115.50 for the next 12 months.
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