DIS Walt Disney Co
Price Chart
Executive Summary
Raymond James upgraded Disney from Market Perform to Outperform with a $115 price target on April 1, part of a cluster of 11 firms revising ratings on the stock. The firm has a 33% accuracy rate on 3 calls (avg return +6.4%), below the covering peer average. Consensus stands at 81% Buy/Strong Buy (30 of 37 analysts), with a mean target of $128.25 implying 23.6% upside from the current $103.75. Raymond James' $115 target is below the consensus mean and median. Analyst momentum is mixed — EPS revisions over 30 days show 5 down vs 2 up for FY2026, though the latest week saw 2 up revisions. Cross-platform signals are bullish: Norges Bank opened a $2.4B position, several hedge funds added substantially (Corvex +86.8%, Renaissance +76%, Two Sigma +1,929%), while short interest is extreme at 59.2% of float. The upgrade is a modest bullish signal from a low-accuracy firm, but the institutional accumulation and short squeeze potential, with earnings on May 5, make this a more interesting setup.
Impact Score
Consensus & Targets
The consensus on Disney is overwhelmingly bullish: 30 out of 37 analysts rate it Buy or Strong Buy (81%), with 6 Hold and 1 Sell. This upgrade aligns with the bullish consensus direction, though Raymond James is slightly more conservative than the average bull.
The mean price target across 29 analysts is $128.25 (median $130), implying 23.6% upside from the current $103.75. Targets range from $77 (low) to $160 (high). Raymond James' $115 target sits 10.4% below the mean and 11.5% below the median, making it one of the more cautious bullish calls.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-04-08 | Barclays | maintain | Overweight | $130.00 |
| 2026-04-01 | Raymond James | upgrade | Outperform | $115.00 |
| 2026-03-31 | Needham | reiterate | Buy | $125.00 |
| 2026-03-27 | Wells Fargo | maintain | Overweight | $148.00 |
| 2026-03-18 | Guggenheim | maintain | Buy | $115.00 |
| 2026-02-03 | Guggenheim | reiterate | Buy | $140.00 |
| 2026-02-03 | TD Cowen | reiterate | Hold | $123.00 |
| 2026-02-03 | Wells Fargo | maintain | Overweight | $150.00 |
| 2026-02-03 | Jefferies | maintain | Buy | $132.00 |
| 2026-02-02 | Needham | reiterate | Buy | $125.00 |
Analyst momentum is mixed. While this upgrade occurred, EPS revisions over the past 30 days show 5 downward revisions vs 2 upward for FY2026. However, the latest week saw 2 upward revisions and 0 downward, suggesting potential stabilization. For the current quarter, revisions are balanced (3 up, 3 down over 30 days).
Firm Track Record — Raymond James
Raymond James accuracy: 54% on 1636 calls | avg return: 3.4%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| Barclays | 60% | 3/5 | 9.2% | above average |
| Wells Fargo | 60% | 3/5 | -1.1% | above average |
| Loop Capital | 50% | 3/6 | -2.5% | below average |
| UBS | 50% | 3/6 | 3.5% | below average |
| Rosenblatt | 50% | 3/6 | -4.7% | below average |
| Evercore ISI Group | 43% | 3/7 | -2.9% | below average |
| Macquarie | 40% | 2/5 | -2% | below average |
| Morgan Stanley | 40% | 2/5 | -2.1% | below average |
| Needham | 38% | 6/16 | 0% | below average |
| Deutsche Bank | 33% | 1/3 | -3.6% | below average |
Raymond James has a 33% accuracy rate on 3 calls (1 correct, 2 incorrect) with an average return of 6.4%. This is below the average of covering firms. By comparison, the best performers are Barclays and Wells Fargo (both 60% accuracy on 5 calls). Raymond James' limited track record on DIS reduces the confidence in this upgrade.
Earnings Estimates
Next earnings: May 5, 2026
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0y | $6.64 | $6.45 — $6.89 | $101.0B | ↑2 ↓0 |
| +1y | $7.33 | $6.60 — $7.88 | $105.3B | ↑2 ↓0 |
| 0q | $1.50 | $1.39 — $1.58 | $24.8B | ↑2 ↓0 |
| +1q | $1.87 | $1.77 — $2.02 | $25.4B | ↑1 ↓0 |
Cross-Platform Signals
Insider activity is minimal with one small buy of $98k by an officer on Feb 12. Institutional buying is very strong: Norges Bank opened a $2.4B position, Corvex added 86.8% ($278M), Sound Shore added 34.1% ($109M), Renaissance added 76% ($103M), and Two Sigma nearly doubled its stake (+1,929% to $84M). Short interest is an extreme 59.2% of float, creating a high short-squeeze potential that converges with the bullish analyst and institutional signals.
Actionable Insight
The Raymond James upgrade is a modest bullish signal from a low-accuracy firm, but the massive institutional accumulation and extreme short interest make this a compelling setup ahead of May 5 earnings. Traders should watch for a break above $105 as confirmation; the high short ratio could amplify any positive catalyst.
Documents Analyzed
Report based on filing metadata.
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 31, 2026
12d ago
|
ANALYST-UPGRADE
| $96.57 $103.76 | ▲ +7.45% | ▼ −2.28% | $100.04 (+3.60%) |
|
May 6, 2026
5w ago
|
8-K
| $107.75 $99.39 | ▼ −7.76% | ▼ −10.54% | $100.04 (−7.15%) |
|
May 1, 2026
6w ago
|
ANALYST-UPGRADE
| $96.57 $103.76 | ▲ +7.45% | ▼ −2.28% | $100.04 (+3.60%) |
|
Feb 28, 2026
15w ago
|
Institutional Cluster
| $104.20 $94.32 | ▼ −9.48% | ▼ −1.54% | $100.04 (−3.99%) |
|
Feb 24, 2026
15w ago
|
8-K
| $105.02 $95.94 | ▼ −8.65% | ▼ −3.41% | $100.04 (−4.74%) |
US Market Status
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