Analyst Says Disney’s Selloff Is Overblown

Alexia Quadrani of JPMorgan has been bullish on Disney (DIS). The stock got pinged yesterday for a 4% loss, but Quadrani is still a fan. CEO Bob Chapek said they expect to add “low single-digit millions” of Disney+ subs for Q4. The stock lost $14 billion in market cap.

JPMorgan analyst Alexia Quadrani, who has a price target of $220 on Disney, reiterated her overweight rating.

“We remain very encouraged by the growth outlook for Disney+ and are not concerned with this modest shortfall versus expectations,” Quadrani said in a research note.

“More positively, the parks only saw a brief impact from the delta variant and bounced back very quickly following Labor Day.”

Overall, the analyst said she views the selloff as “overdone” and sees “the current price as an attractive entry point as the robust growth in [direct-to-consumer] subscribers should ultimately be positive for [the] shares over the long term.”

Quadrani has a price target of $218 per share. Disney is currently up $2.67 to $173.73.

Posted by on September 22nd, 2021 at 9:55 am


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