Over the past few days, shares of Disney have definitely been among the winners. After a downward trend in the weeks before, the tide now seems to be turning.
The Walt Disney Company (WDC), colloquially usually referred to as Disney, is an American media company. It was founded in 1923 by brothers Walt and Roy Disney as the Disney Brothers Cartoon Studio and became internationally known for producing cartoons and entertainment films for children and young adults. Today, the group is among the top five media conglomerates in the world with revenues of $74.8 billion, with profits of $10.4 billion, and is ranked the 36th largest company in the world as of 2020, according to the Forbes Global 2000.
The average price target for Walt Disney stock is listed at $182.50. Analysts expect 2023 earnings of $5.66 per Walt Disney share.
The stock was up 1.57 percent yesterday and is currently trading at $155.20.
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