Walt Disney Co (NYSE: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.
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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.
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