Disney Parks Win Another Analyst's Confidence After Goldman Sachs, Wells Fargo, BofA

Morgan Stanley analyst Benjamin Swinburne has an Overweight rating and a $170 price target (28.3% upside) on The Walt Disney Co DIS.
Swinburne saw Disney implementing Technology and operational tools in its parks that should drive structurally higher growth and incremental margins, and he raised his Parks estimates accordingly.
Swinburne, who saw a multi-year period of robust Parks growth helping create downside support for shares, believes that Disney's streaming success is "not priced in at current levels," forecasts 30% adjusted EPS compound annual growth from FY22 through FY24.
Disney "maybe in year one of a historically strong period of growth at its Parks business," with drivers including Pent-up consumer demand and spending levels, Technology and operational tools, New assets coming online from three new cruise ships to a re-imagined Epcot in Florida.
Multiple analysts, including Goldman Sachs, Wells Fargo, BofA, and Loop Capital, are bullish on Disney Parks.
Price Action: DIS shares traded lower by 1.55% at $130.52 in the market session on the last check Thursday.

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