Walt Disney Company (The) : Price Target raised to USD 58
Entry price | Target | Stop-loss | Potential |
---|
$49.47 |
$0 |
$47.8 |
-100% |
---|
Walt Disney at the moment doesn’t take benefit from the news of purchase Euro Disneyland, but is still well oriented and is going to new highs. In the last trading strategy on the stock we indicated a target price at USD 47. This objective has been reached and now we rise to new high target.
From a fundamental viewpoint, despite a high valuation, analysts polled by Thomson Reuters have regularly revised upward the earning per share estimates. Consequently, profitability is improving, showing a relatively good financial health of the company.
The share is trading in upward trend within a bullish wedge. Moving averages are well oriented both in daily and weekly data. The share in the next trading sessions should break out the resistance of USD 50.5. We suggest a long position on the stock in order to aim a new price target at USD 58, with a stop loss at USD 48 in order to cover the position.
The content herein constitutes a general investment recommendation, prepared in accordance with provisions aimed at preventing market abuse by Surperformance, the publisher of MarketScreener.com. More specifically, this recommendation is based on factual elements and expresses a sincere, complete, and balanced opinion. It relies on internal or external data, considered reliable as of the date of their release. Nevertheless, this information, and the resulting recommendation, may contain inaccuracies, errors, or omissions, for which Surperformance cannot be held responsible. This recommendation, which in no way constitutes investment advice, may not be suitable for all investor profiles. The reader acknowledges and accepts that any investment in a financial instrument involves risks, for which they assume full responsibility, without recourse against Surperformance. Surperformance commits to disclosing any conflict of interest that may affect the objectivity of its recommendations.