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In a remarkable display of resilience and growth, The Walt Disney Company (NYSE:DIS)’s stock has soared to a 52-week high, reaching a price level of $118.66 USD. With a substantial market capitalization of $212.4 billion, Disney maintains its position as a prominent entertainment industry leader. According to InvestingPro analysis, technical indicators suggest the stock is currently in overbought territory. This peak reflects a significant turnaround for the entertainment giant, which has seen its stock value climb by 17.19% over the past year. The company’s financial health score is rated as GREAT by InvestingPro, supported by a solid 5.42% revenue growth and a P/E ratio of 24. Investors have shown renewed confidence in Disney’s strategic direction, as the company continues to expand its streaming services, revitalize its theme park operations, and deliver strong performance across its diverse portfolio of entertainment assets. The 52-week high milestone underscores Disney’s enduring appeal and adaptability in a rapidly evolving media landscape. InvestingPro analysis suggests the stock may have additional upside potential, with 13 analysts recently revising their earnings expectations upward for the upcoming period.
In other recent news, The Walt Disney Company will pay NBC Universal $438.7 million to acquire its 33% interest in Hulu, following a contractual appraisal process. This transaction is expected to be completed by July 2025 and will be recorded in Disney’s fiscal third-quarter financial statements. Despite this payment, Disney’s fiscal 2025 Adjusted EPS guidance remains unaffected. Additionally, Rosenblatt analysts have raised Disney’s stock price target to $140 from $135, maintaining a Buy rating. This reflects updated estimates across Disney’s segments, including experiences, ad sales, ESPN streaming, and movies.
In another development, Disney’s ESPN has announced its new direct-to-consumer streaming service set to launch in early fall, offering two subscription plans. The ESPN unlimited plan will cost $29.99 per month, while the select plan will be priced at $11.99 per month. Meanwhile, NBCUniversal has submitted a bid for MLB rights previously held by ESPN, offering a sum less than ESPN’s previous $550 million annual deal. If successful, NBC plans to broadcast games on Sunday nights and make them available on its streaming service, Peacock.
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