Walt Disney DIS Stock Forecast 2023

Latest Disney Stock Price

Article Coverage: DIS Stock Performance, Latest DIS News, Aggregated Forecasts, DIS Latest Production Update, Reasons to Buy or Sell DIS Stock, DIS Investor Day Analysis, FAQs and Other detailed analysis.

The Walt Disney Company is an American multinational mass media and entertainment conglomerate headquartered in Burbank, California. It is the world’s largest media and entertainment conglomerate by revenue. The company operates in four segments: media networks, parks, experiences and products, direct-to-consumer and international, and studio entertainment. The Walt Disney Company’s stock (DIS) was registered on the New York Stock Exchange (NYSE) on May 2, 1954.

DIS Stock Forecast 2023: Latest News

  • Disney’s lawyers sent public records requests to the governor’s office and six other state entities. The requests sought documents related to the state’s decision to dissolve Disney’s special district, Reedy Creek Improvement District.
  • Disney has told Charter subscribers to consider switching to Hulu with Live TV if they want to continue watching Disney channels.
  • Disney cancels $1 billion Florida extension amid war with DeSantis. Disney has canceled plans to build a new campus in Florida in response to a law signed by Governor Ron DeSantis that critics have dubbed the “Don’t Say Gay” bill. The law prohibits classroom instruction on sexual orientation or gender identity in kindergarten through third grade. 

Charter Communication and Walt Disney Negotiation Update

Update provided by Charter Communications on Negotiations With The Walt Disney Company

Charter Communications has expressed its appreciation for The Walt Disney Company’s high-quality video products and its experienced management team. Nevertheless, they have pointed out that the current video ecosystem is flawed and believe that there is a superior approach to delivering video products that align with consumer preferences.

The Walt Disney Company and Charter possess unique capabilities to pave the way forward. However, Charter expresses disappointment that both companies have pursued unsustainable price increases and imposed products on customers, even when it’s against their preferences or financial means. Additionally, they seek to avoid a situation where customers are charged twice for content apps alongside their paid linear video, emphasizing that this situation differs from a typical carriage dispute.

The situation holds great importance for Charter, and they believe it carries even more significance for programmers and the broader video ecosystem. Charter has presented a model to The Walt Disney Company, aiming to improve industry alignment and enhance products for customers. This model seeks to achieve stability in linear video while paving a clear growth path for direct-to-consumer (DTC) video. It ultimately aims for a more customer-friendly and financially appealing outcome for programmers.

Charter has extended an invitation to The Walt Disney Company to establish a partnership with the potential to revolutionize the industry and revive mutual growth in the video business. This proposed solution entails Charter accepting The Walt Disney Company’s “market” rates and, in return, offers:

  • Reduced penetration minimums to enhance package flexibility for customers.
  • Integration of Disney’s ad-supported direct-to-consumer (DTC) apps into bundled linear products, ensuring customers are not charged twice for similar content.
  • Charter’s dedication to promoting Disney’s DTC products to their broadband-only customers.

Disney Stock Forecasts

Disney Stock Predictions 2023: Analysts

Disney Target Price$112
Credit Suisse$122
Morgan Stanley$105
Wells Fargo$146

DIS Stock Performance in the Last 12 Months

  • Last 6 Months: -17.4%
  • Last 12 Months: -26.5%
  • Year to Date (2023): -8.2%

DIS Stock Forecast 2023, 2024 2025, 2026 and 2027

  • Disney Stock Price Prediction 2023 is $93.4
  • Disney Stock Price Prediction 2024 is $113
  • Disney Stock Price Prediction 2025 is $137
  • Disney Stock Price Prediction 2026 is $150
  • Disney Stock Price Prediction 2027 is $163

Disney Technical Analysis

Disney’s stock price has been under extreme selling pressure and the stock is now on the verge of falling below $80. Technically Disney stock is bearish.

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On the above 4-hour timeframe chart, Disney’s stock price is trading below the 50-day and the 200-day Moving Averages. This suggests that the overall momentum of the asset is negative. The 50-day MA is $86.22 and the 200-day MA is $91.0. Additionally, the 50-day MA has been moving below the 200-day MA which adds to the bearish market sentiment.

The 50-day MA is the first level of resistance for the asset while the $80 price level is the support. The buyers will need to keep the stock price above this level as failing to hold the stock price above this level will give the sellers an opportunity an opportunity to drag the stock price closer to $50.

The Relative Strength Index of the asset reflects an oversold condition. The RSI at the time of writing is 28.81. The sellers have outnumbered the buyers.

The trade recommendation is to sell. The MACD line is below the signal line and the trading volume has crashed for the asset.

Technically the Disney stock is bearish.

Will DIS reach $100 in 2023?

No one can predict with certainty whether DIS will reach $100 in 2023. The price of a stock can be influenced by a wide range of variables in the stock market, including the state of the economy, corporate earnings, and investor sentiment.

Nevertheless, a few reasons imply that DIS might hit $100 in 2023. The company is growing its direct-to-consumer streaming business and has a diverse portfolio of brands and content. The reopening of its theme parks and the expansion of the tourist sector are both seen to be positive developments for DIS.

In the following 12 months, DIS is anticipated to reach $141.03 based on the consensus analyst price objective. This indicates that the stock could rise from its present price by almost 70%.

Of course, there are certain risks to think about as well. The ongoing COVID-19 pandemic and the conflict in Ukraine are two difficulties the company is now dealing with. These difficulties may have an immediate negative impact on the stock price.

In conclusion, it is possible that DIS will surpass $100 in 2023. Although the stock market is unpredictable, there are some hazards to take into account.

DIS Stock Price Prediction: How High Will DIS Go in 2023?

It is challenging to make a firm prediction about the price of DIS stock in 2023. However, the stock may increase to $100 or more depending on the company’s recent financial performance and anticipated future growth.

The following elements could result in a higher share price for DIS in 2023:

  • Disney+, the company’s direct-to-consumer streaming service, is expanding quickly. In the most recent quarter, Disney+ added 11.8 million users, bringing its total subscriber base to 137.7 million. By the end of the company’s fiscal year in 2024, Disney+ is anticipated to have between 230 million and 260 million customers.
  • Theme parks operated by the firm are reopening and are anticipated to profit from the rebounding travel sector. Both Disney World in Florida and Disneyland in California reopened in 2021, in July and April respectively. The business anticipates that operational income from its theme parks will be between $7.5 billion and $8.5 billion in the fiscal year 2023.
  • The business is increasing the amount of content it produces and investing in new ventures like the Star Wars and Marvel movies. Additionally, Disney is creating new streaming services like ESPN+ and Hulu.

Based on the above factors, the Disney stock could reach 100 or more in the year 2023.

Is DIS a good stock to buy?

There are a number of factors that may influence your decision to purchase DIS stock. Some of them are as follows:

The brands owned by Disney are well-known and adored by consumers worldwide. Disney, Pixar, Marvel, Star Wars, and National Geographic are a few of these brands. Disney has a competitive advantage over other entertainment companies thanks to their brands.

Disney is making significant investments in its expanding direct-to-consumer (DTC) business, which includes streaming services like Disney+, Hulu, and ESPN+. These services are expanding quickly and are anticipated to produce substantial sums of money in the future.

Due to the COVID-19 epidemic, Disney’s theme parks were closed for the majority of 2020 and 2021. The parks have begun to reopen, though, and are anticipated to provide substantial sums of money in the future.

Disney is increasing the amount of content it produces and investing in new endeavors like the Star Wars and Marvel franchises. This will assist the business in gaining more streaming service subscribers.

The price at which DIS stock is presently trading at relatively attractive valuation.. This indicates that the stock is underpriced compared to its true worth.

DIS Prediction 2023: Reasons Not to Buy DIS Stock

Here are some reasons why you might not want to buy DIS stock:

  • Competition from other streaming services: Disney faces increasing competition from other streaming services, such as Netflix and Amazon Prime Video. These services have a larger subscriber base and more content, which could make it difficult for Disney to attract new subscribers.
  • Uncertainty about the future: The entertainment industry is constantly changing, and there is uncertainty about the future of Disney’s businesses. This could make the stock a risky investment.

Overall, DIS stock is a good investment for investors who are willing to take on some risk.

DIS Stock Forecast: Frequently Asked Questions (FAQ)

Should I buy DIS Stock now?

Whether or not you should buy DIS stock now is a decision that only you can make. There are a number of factors to consider, including your risk tolerance, investment goals, and financial situation.

Will Disney Stock Go Up?

It is impossible to say for sure whether Disney stock will go up. The stock price is influenced by a number of factors, including the company’s financial performance, the overall market conditions, and any new developments in the media and entertainment industry. According to the analysts’ average price target, DIS stock is expected to reach $145 in the next 12 months.

How much will Disney Stock be worth in 10 Years?

It is impossible to say for sure how much Disney stock will be worth in 10 years. According to some analysts, DIS stock could reach more than $200 in the next 10 years. However, it is important to remember that these are just predictions, and the actual stock price could be much higher or lower.

What is the best time to invest in Disney stock?

There is no one-size-fits-all answer to this question, as the best time to invest in Disney stock will vary depending on your individual circumstances and investment goals.

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.