Street View: Disney's unified strategy gains traction as streaming, parks reinforce growth

• BofA Global Research (buy, price objective: $125) says, while theme parks performance is expected to moderate in Q4, underlying booking trends remain healthy, and the performance is encouraging.
• MoffettNathanson (buy, target: $135) believes DTC (direct-to-consumer) will be the primary key for Disney to unlock value and break out of its trading range.
• Morgan Stanley (overweight, target: $125) says, "Q3 was a clear example the one unified Disney strategy is coming together."
• J.P. Morgan (overweight, target: $137) says, with a footprint across so many business lines, Disney is "unlikely to fire on all cylinders in any given quarter, but it has demonstrated an ability to consistently deliver on EPS growth."

Disney said the success of "Toy Story 5" extended beyond the box office in the June quarter, driving merchandise sales, boosting engagement on Disney+ and drawing more visitors to its theme parks.

Median price target of 33 brokerages covering the stock is $129; average rating is - LSEG-compiled data.