Disney Gets Price Target Bumps By Analysts Following Upbeat Results; Shares Surge

Walt Disney Co DIS reported better-than-expected results for its third quarter on Wednesday.

Disney added 14.4 million subscribers for Disney+ in the third quarter for a total of 152.1 million.

Disney shares jumped 8.7% to $122.22 in pre-market trading.

Several analysts made changes to their price targets on Disney today.

• Keybanc boosted price target on the stock from $131 to $154. However, Keybanc analyst Brandon Nispel maintained Disney with an Overweight.
• Guggenheim raised Disney’s price target from $110 to $145. Guggenheim analyst Michael Morris also upgraded the stock from Neutral to Buy.
• Goldman Sachs increased price target on the stock from $130 to $140. However, Goldman Sachs analyst Brett Feldman maintained a Buy rating on the stock.
• Rosenblatt boosted the price target on Disney from $124 to $140. However, Rosenblatt analyst Barton Crockett maintained the stock with a Buy rating.