Street View: Disney's DTC story to be the 'silver lining' for growth
** Walt Disney DIS.N reported quarterly earnings that beat Wall Street's estimates and offered robust guidance for the coming years on Thursday
** 23 of 34 brokerages rate the stock "buy" or higher, 10 "hold" and one "sell"; their median PT is $120 - LSEG
SET TO SHINE NEAR-TERM
** Bernstein ("outperform," PT: $120) says direct-to-consumer(DTC) is becoming the 'silver lining' of the DIS story and the catalyst for DIS in the near term
** Barclays ("overweight," PT: $125) says DTC is likely to be the biggest growth driver over the next couple of years
** "Company’s guidance seems to be baking in some degree of conservativeness in certain segments that should help achieve its stated goals" - Barclays
** Piper Sandler ("neutral," PT: $115) says, "overall, it appears the pieces are starting to come together across the business, but we prefer to wait for another quarter of execution before getting constructive"
** J.P.Morgan ("overweight," PT: $128) says the FY25 guidance reduces risks in the areas where the brokerage was most concerned about while allowing potential for gains where it has greater confidence
** "We continue to like the medium-term story for DIS" - JPM
Reporting by Joel Jose in Bengaluru
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