Piper Sandler has maintained its Neutral rating on Walt Disney (NYSE: NYSE:DIS) shares with a set price target of $95.00.
The firm introduced a monthly report focused on alternative data trends affecting Disney's diverse business units.
The analysis revealed mixed trends within the company's experiences business, although the Disney+ streaming service is reportedly gaining positive momentum.
The report comes as an effort to provide investors with deeper insights into the performance and prospects of the entertainment giant's varied operations.
By examining alternative data, Piper Sandler aims to paint a more detailed picture of how different segments of Disney's business are trending over time.
According to the firm's findings, while there are some inconsistencies in the experiences sector, which includes theme parks and resorts, the Disney+ platform is showing signs of robust growth. This could indicate a shifting landscape for the company as it continues to invest in its streaming services amid a competitive market.
The data collected and presented by Piper Sandler serves as a valuable tool for understanding the underlying trends that may impact Disney's financial health and strategic direction. The firm's reiteration of the Neutral rating suggests that while there are positive aspects to Disney's current trajectory, there are also areas that require careful monitoring.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.