JP Morgan Reiterates Buy Rating on Disney with $140 Target
JP Morgan analyst David Karnovsky maintains a buy rating on Disney, setting a $140 price target, a 45.45% upside from the current price.
Key Points
- JP Morgan analyst David Karnovsky reiterated a buy rating on The Walt Disney Company (NYSE:DIS) with a $140 price target on June 30, 2026.
- JP Morgan's $140 price target implies 45.45% upside from The Walt Disney Company's ($DIS) current $96.25 share price.
- Shares of Disney traded near $98.63 on Tuesday, with a market cap of approximately $171.5 billion and a P/E ratio of 15.8.
- Other analysts like Needham and Rosenblatt also maintain buy ratings, with targets of $125 and $126, respectively.
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JP Morgan analyst David Karnovsky has reiterated a buy rating on The Walt Disney Company (NYSE:DIS), setting a price target of $140. This announcement came on June 30, 2026, as part of ongoing coverage of Disney's stock.
JP Morgan vs. the S&P 500
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The Walt Disney Company Stock Down 11.0%
Shares of Disney traded near $98.63 on Tuesday. The company has a market cap of about $171.5 billion and a P/E ratio of 15.8. Disney's stock has seen a 52-week low of $92.19 and a high of $124.69. Its 50-day moving average is $102.71, and the 200-day moving average is $106.70. The company maintains a current ratio of 0.679 and a quick ratio of 0.554, with a debt-to-equity ratio of 41.069.
$DIS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Disney reported revenue of $97.26 billion with a growth rate of 6.5%. The company posted an EPS of $6.25 and a net margin of 11.54%. Return on equity stood at 11.01%. The next earnings report is expected on August 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
4 target raises vs 2 cuts.
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EPS & revenue
EPS beat estimates by 4.4%. Revenue beat estimates by 0.6%.
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Profit surprise
EBITDA missed by 7 percent. Operating income missed by 18 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
4 target raises, 2 target cuts.
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Earnings quality
Operating margin up 4.8 points. Positive free cash flow.
Earnings Call Summary
Disney reported 25.2 billion in revenue and 1.57 dollars earnings per share, beating analyst expectations. Streaming achieved 12 percent margins ahead of the 10 percent target, and parks revenue exceeded 10 billion dollars for the first time. CEO Iger highlighted 6.5 billion in global box office for 2025 and expressed confidence in both entertainment and experiences businesses driving future growth.
Guidance Disney reaffirmed full year guidance without raising numbers. The company aims for 10 percent streaming margins and expects theatrical releases like The Devil Wears Prada 2 and Toy Story 5 to drive entertainment profits in the back half of the year.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Disney offers an annual dividend rate of $1.50, yielding 1.52% with a payout ratio of 20%. The company continues to provide value to its shareholders through regular dividends.
Insider Buying and Selling at The Walt Disney Company
On June 23, 2026, Sonia Coleman, Disney's Senior EVP & Chief People Officer, was involved in multiple transactions. She sold and bought shares, with sales including 4,079 shares at an average price of $102.92.
Analysts Set New Price Targets
On June 30, 2026, JP Morgan maintained a buy rating on Disney with a $140 price target. Earlier in June, Needham reiterated its buy rating with a $125 target, and Rosenblatt maintained a buy rating with a $126 target. The consensus among analysts is a strong buy, with an average target price of $129.63 based on 29 opinions.
About The Walt Disney Company
The Walt Disney Company is a global leader in entertainment, headquartered in Burbank, California. It operates across segments like Entertainment, Sports, and Experiences, producing and distributing content through various channels including Disney, ABC, and ESPN. The company also runs popular theme parks and resorts worldwide. Disney is led by CEO Josh D'Amaro and employs over 175,000 people.
Bottom Line
JP Morgan's reiteration of a buy rating with a $140 target reflects confidence in Disney's potential. Disney's stock, trading near $98.63, is supported by its strong financials and diverse entertainment offerings. Investors keep a close watch on Disney's performance, with analysts maintaining a favorable outlook.
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