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Goldman Sachs Sticks to Their Buy Rating for Walt Disney (DIS)

Tipranks - Tipranks - Fri Aug 7, 7:18AM CDT

In a report released yesterday, Michael Ng from Goldman Sachs maintained a Buy rating on Walt Disney, with a price target of $144.00. The company’s shares closed yesterday at $101.76.

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Ng covers the Communication Services sector, focusing on stocks such as Comcast, Walt Disney, and AT&T. According to TipRanks, Ng has an average return of 2.4% and a 77.78% success rate on recommended stocks.

In addition to Goldman Sachs, Walt Disney also received a Buy from Barclays’s Kannan Venkateshwar in a report issued today. However, yesterday, TD Cowen reiterated a Hold rating on Walt Disney (NYSE: DIS).

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Based on Walt Disney’s latest earnings release for the quarter ending June 27, the company reported a quarterly revenue of $25.25 billion and a net profit of $2.64 billion. In comparison, last year the company earned a revenue of $23.65 billion and had a net profit of $5.26 billion

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