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Here's What The Street Thinks Of Disney After 'Star Wars' Record-Breaking Weekend

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Here's What The Street Thinks Of Disney After 'Star Wars' Record-Breaking Weekend
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Walt Disney Co (NYSE: DIS) rose more than 1.2 percent on Monday morning, after news came out that "Star Wars: The Force Awakens" grossed $238 million at the weekend's domestic box office -- the largest opening in history.

Analysts at Bank of America Merrill Lynch maintained their Buy rating and $130.00 price target.

BofA views that the early success of "The Force Awakens" presents a Disney model, which can further monetize "Star Wars" content through its Consumer Products, Theme Park and Interactive business lines, as well as through future "Star Wars" film releases such as "Rogue One: A Star Wars Story" (scheduled to be release in December 2016).

"We continue to believe DIS offers compelling exposure to an unparalleled catalyst pipeline for upward estimate revision," the firm commented.

Analyst John Janedia at Jefferies maintained a Hold rating with a price target of $112.00

Related Link: 'Star Wars: The Force Awakens' Heads The Biggest Box Office Weekend Of All Time

"The slowing growth in the company's media segment, along with the impact of increases in sports rights over the next several years, could limit upside to the stock," Janedia commented.

FBR updated its rating on Disney to Outperform with a $107.00 price target.

"Disney bears are arguing that upside in Force Awakens is not enough to offset their concerns for ESPN, meaning that consensus is too high and that the stock should be sold. We provide here some context to rebut these concerns and reiterate our belief that consensus will tend to move up for FY16 and beyond," the note said.

"The Force Awakens" now has the highest opening weekend in December history, the highest opening weekend ever, the largest Thursday night preview, the largest Friday, opening day and single day, and is the fastest film to gross $100 million.

Latest Ratings for DIS

DateFirmActionFromTo
Apr 2017Loop CapitalDowngradesBuyHold
Apr 2017RosenblattInitiates Coverage OnNeutral
Mar 2017GuggenheimUpgradesNeutralBuy

View More Analyst Ratings for DIS
View the Latest Analyst Ratings

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