Disney shares tumble on light guidance. But here’s why we’re raising our price target


Source: cnbc.com cnbc.com
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The pullback in Disney shares Tuesday is overdone despite the Club holding reporting mixed fiscal 2024 second-quarter results. We like what we’re seeing beneath the headline figures, which could make the sell-off a buying opportunity once the dust settles around the stock. Revenue in the January-to-March period was about flat year over year at $22.08 billion, a bit short of the $22.11 billion expected, according to analyst estimates compiled by LSEG. Adjusted earnings per share in the quarter jumped 30% to $1.21, beating the LSEG consensus forecast of $1.10 per share. Disney Why we own it: We value Disney for…

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