Disney Analyst Highlights Streaming, Theme Parks And 'Portfolio Durability'
Disney Analyst Highlights Streaming, Theme Parks And 'Portfolio Durability'
Walt Disney Company (NYSE:DIS) may have bright days thanks to theme parks and streaming, according to Rosenblatt's Barton Crockett.
根据Rosenblatt的巴顿·克罗基特的说法，华特迪士尼公司（纽交所：DIS）可能因为主题公园和流媒体而迎来光明的日子。
The Disney Analyst: Crockett maintains a Buy rating on Disney and raised the price target from $122 to $135.
迪士尼分析师：克罗基特对迪士尼维持买入评级，并将目标价格从122美元提升至135美元。
The Analyst Takeaways: Disney's growth looks "do-able" and the stock is "buyable," Crockett writes in a new investor note.
分析师总结：克罗基特在一份新的投资者报告中写道，迪士尼的增长看起来是"可行的"，该股票是"可以买入的"。
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The new $135 price target assumes Disney shares can trade closer to a forward price-to-earnings ratio of 22x, instead of the near 10% discount to the market average Disney stock has traded at in recent history.
新的135美元目标价格假设迪士尼股票的交易价格能接近22倍的前向市盈率，而不是最近历史中与市场平均价相近的近10%的折扣。
"A northward re-rating for Disney can be supported by rising confidence in portfolio durability and growth trajectory, and less concern about exposure to secular pressures on linear TV and competition in streaming," Crockett said.
克罗基特表示，在投资组合的耐用性和增长轨迹上日益增强的信心支持下，对于迪士尼的重新评级，可以在上行，并且对传统电视的世俗压力和流媒体竞争的担忧减少。
Disney's confidence in high single-digit earnings per share growth in 2025, and double-digit growth in 2026 and 2027 appears aggressive, Crockett says. But it could become a reality, he adds, after hearing more details from new CFO Hugh Johnson last week.
克罗基特指出，迪士尼对2025年高单位数每股收益增长，以及2026年和2027年双位数增长的信心显得激进。但他补充道，在上周听到新任首席财务官休·约翰逊的更多细节后，这可能会成为现实。
Disney remains focused on its theme park segment and cruise lines, which will continue to attract guests in future.
迪士尼仍然专注于其主题公园部门和邮轮概念，这将继续吸引未来的客人。
Disney's DTC segment, which includes Hulu, Disney+ and ESPN streaming platforms, could also be a key growth element, Crockett said.
Crockett表示，迪士尼的直接面向消费者（DTC）业务，包括Hulu、Disney+和ESPN流媒体平台，也可能是关键的增长要素。
The analyst said cross-promotion reduced churn and Disney+ is enjoying a lift in subscribers thanks to several hit films. The release of movies like "Deadpool & Wolverine," "Inside Out 2" and "Moana 2" on Disney+ could help boost subscriber growth ahead.
分析师表示，交叉促销减少了用户流失，Disney+因几部热门电影而享受到了订阅用户数的提升。像《死侍与金刚狼》、《头脑特工队2》和《海洋奇缘2》等电影在Disney+的发布可能会帮助提升未来的订阅用户数增长。
Crockett says DTC streaming is "the leading driver of segment profit growth in F2026."
Crockett称，DTC流媒体是“2026财年部门利润增长的主要驱动力。”
Price Action: Disney stock is down 0.58% to $112.41 on Monday versus a 52-week trading range of $83.91 to $123.74. Disney stock is up 24% year-to-date in 2024.
价格动态：迪士尼股价周一下跌0.58%，报112.41美元，相较于52周交易区间83.91美元至123.74美元。迪士尼股价在2024年迄今上涨24%。
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Image: Shutterstock
图片：shutterstock
