JPMorgan raised its price target on The Walt Disney Company to $140 from $139 while maintaining an Overweight rating ahead of the company's fiscal third-quarter earnings report. The firm noted cautious investor sentiment due to concerns about theme park attendance and streaming growth, but believes these concerns could create an opportunity for a potential stock revaluation. JPMorgan continues to have a positive view of Disney's ability to drive growth through its experiences segment and direct-to-consumer business. Separately, Disney+ expanded its content exchange partnership with Malaysia's Astro through a broader agreement, giving Astro platforms access to Disney+ titles and providing Disney+ subscribers in Malaysia with local Malaysian content.
Walt Disney CompanyJPMorgan raised price target to $140 and maintained Overweight rating, indicating positive analyst sentiment.
Astro CorporationAstro expanded content exchange partnership with Disney+, gaining access to Disney+ titles.
JPMorgan Chase & Co