Why I'm Not Selling My Walt Disney Shares
Let's be honest: Walt Disney's (NYSE: DIS) fiscal 2017 wasn't very impressive. For the first time in nearly a decade, the largest monkey in the entertainment jungle posted declines in both revenue and net profit. In the closing quarter of the year, both of those line items landed well below the average analyst estimates.
By all rights, we should have expected the stock price to take a hit on the news. It didn't, though, and that might be because many shareholders still feel bullish about the company's prospects. I think there's plenty of justification for this.
Image source: Walt Disney.
Source: Fool.com
Walt Disney Co. Stock
€90.83
2.960%
With 47 Buy predictions and not a single Sell prediction Walt Disney Co. is an absolute favorite of our community.
With a target price of 111 € there is a positive potential of 22.21% for Walt Disney Co. compared to the current price of 90.83 €.
