Walt Disney Company (The) : Price Target raised to USD 58
By Oscar Salza
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$49.47 | $0 | $47.8 | -100% |
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.