Walt Disney shares rose 2.3% to $110.22 during Monday’s trading session, extending gains after the company reported stronger-than-expected third-quarter earnings. The stock reached an intraday peak of $111.87, though it remains roughly 7.9% below its 52-week high of $119.78.
The media giant posted adjusted earnings per share of $2.06, a 28% increase from the same period last year, underscoring momentum in its core operations. The S&P 500 slipped 0.27% while the Dow Jones edged up 0.27%, contrasting with the Nasdaq’s 0.61% decline.
Analysts at Morgan Stanley upgraded Disney to above average with a $125 price target, citing three key drivers: sustained strength in Parks and Experiences, accelerated monetization of content assets, and double-digit revenue growth at Disney+ alongside expanding margins. The firm expects these trends to support valuation reassessment over the next 6 to 12 months.
Benchmark analysts maintained a buy rating with a $115 target, while InvestingPro’s fair value estimate stands at $120.41. Sector peers Warner Bros. Discovery and Paramount Skydance also traded higher, reflecting broader optimism in entertainment and media.
