Erste Group Keeps Their Hold Rating on Walt Disney (DIS)

In a report released yesterday, Stephan Lingnau from Erste Group maintained a Hold rating on Walt Disney. The company’s shares closed yesterday at $96.61.

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According to TipRanks, Lingnau is a 3-star analyst with an average return of 6.9% and a 66.67% success rate. Lingnau covers the Consumer Cyclical sector, focusing on stocks such as Toyota Motor, Amazon, and General Motors.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Walt Disney with a $132.67 average price target, implying a 37.33% upside from current levels. In a report released on March 21, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $108.00 price target.

Based on Walt Disney’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $25.98 billion and a net profit of $2.4 billion. In comparison, last year the company earned a revenue of $24.69 billion and had a net profit of $2.55 billion

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DIS in relation to earlier this year.