Jim Cramer strongly endorses
The Walt Disney Company (DIS), encouraging more purchases of the entertainment giant’s stock. Notable finance firms, such as
Allworth Financial LP and
Grassi Investment Management, have however, reduced their stake in Disney. The stock is forecasted for growth from
2025-2030, following a
leadership transition that saw
James P. Gorman named chairman. The stock performance however has shown fluctuations, outperforming competitors on certain days and underperforming on others. A strong trading day and a bullish case theory underscore its attractiveness to investors. Moreover, the company holds high promise as a long-term investment with a consensus price target from analysts of $118.05. Declines are reported despite exceeding earnings guidance prompting advice by some market observers to hold the stock. Analysts also identify the company's stock as undervalued and poised for long-term momentum. Additionally, recent moves by
Xcel Wealth Management LLC,
International Assets Investment Management LLC and
Sequoia Financial Advisors LLC have increased their positions in Disney. Even amidst occasional dips, Disney (DIS) remains a trending stock and popular among institutional investors, owning approximately 70% of the shares.
The Walt Disney Company DIS News Analytics from Thu, 21 Mar 2024 07:00:00 GMT to Sat, 26 Oct 2024 12:28:42 GMT -
Rating 5
- Innovation 0
- Information 7
- Rumor -3
