Key Takeaways:
- Disney's acquisition of FuboTV is under DOJ scrutiny for antitrust issues.
- Analysts forecast significant upsides for Disney's stock price over the next year.
- Disney is rated "Outperform" with a promising future value estimate from GuruFocus.
The Department of Justice is currently scrutinizing Disney's (DIS, Financial) ambitious acquisition of a controlling interest in FuboTV (FUBO). This examination has sparked concerns about potential antitrust implications. The investigation was initiated following a request from Senator Elizabeth Warren, who questioned the deal's potential impact on competition within the sports streaming market. This move comes on the heels of Disney's announcement to merge with Fubo, indicating a strategic expansion into digital streaming.
Wall Street Analysts Forecast
Investors are keenly monitoring analyst predictions, which present a positive outlook for Disney's stock. The average price target, based on estimates from 27 analysts, stands at $123.90. This reflects a substantial upside potential of 41.57% from the current trading price of $87.52. The high estimate peaks at $147.00, while the low falls to $79.00. Investors seeking a deeper dive into these estimates can explore further details on the The Walt Disney Co (DIS, Financial) Forecast page.
The consensus among 32 brokerage firms is an "Outperform" status for The Walt Disney Co (DIS, Financial), with an average brokerage recommendation score of 2.0. Within the provided rating scale, 1 represents a "Strong Buy" and 5 indicates a "Sell."
GuruFocus provides an insightful estimation of Disney's stock value through its GF Value metric. Over the next year, Disney's estimated GF Value is projected at $115.46, implying a potential upside of 31.92% from the current price of $87.5203. The GF Value is calculated by evaluating historical trading multiples alongside past business growth and future performance projections. For those interested in more comprehensive data, the The Walt Disney Co (DIS, Financial) Summary page offers detailed information.
