$DIS JPMorgan analyst Alexia Quadrani sees hope for Disney in the reactivation of the theme parks. She writes, “…we continue to model domestic parks reopening on July 1. We also note that Disney World is still taking reservations starting June 1, while Disneyland in California pushed back reservations to July 1 from June 1 prior, but nevertheless this still suggests the park could reopen by July 1. We view any reopening of the parks as financially beneficial for Disney as even low capacity can help offset the fixed cost base…”
Assuming that the parks will reopen as announced, Quadrani rates DIS shares a Buy, with a $135 price target suggesting a healthy upside of 31%. (To watch Quadrani’s track record, click here)
Disney’s overall rating almost evenly split. The stock’s 23 analyst ratings include 12 Buys, along with 10 Holds and 1 Sell, making the consensus view a Moderate Buy. DIS shares have an average price target of $121.05, indicating a 17% premium from the current trading price of $103.24. (See Disney stock analysis on TipRanks).