The Walt Disney Company (DIS): Analyst Raises Aren't Working, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Shared Key Insights From Morgan Stanley’s CEO. The Walt Disney Company (NYSE:DIS) is one of the stocks Jim Cramer recently discussed.

The Walt Disney Company (NYSE:DIS) is one of Cramer’s most frequently discussed stocks. The shares have lost 1.4% since July start and in this appearance, the CNBC host discussed how analyst upgrades were failing to inject momentum into the stock. Previously, Cramer has shared optimism for The Walt Disney Company (NYSE:DIS)’s streaming service and remarked that CEO Bob Iger has managed to turn around the firm’s fortune. He also believes that the firm’s theme park and cruise ship businesses merit a deeper look. Here are his latest thoughts:

“[On higher targets for Disney over last couple of weeks] Yes and it’s not working. My trust owns this. We’ve got several including comments about how linear TV’s not down [inaudible] and the stock doesn’t move. And I think the stock doesn’t move because people [inaudible] it’s a showman stock. People want to see Plus numbers and see that they’re really is a breakout. Because there’s been so much distrust about anything that’s involved with linear. No one seems to get their way until they see the numbers. I think the numbers are gonna come through and the stock is going to look cheap. I’m a believer.”

Previously, Cramer discussed The Walt Disney Company (NYSE:DIS)’s valuation:

“Okay, Disney’s had a real rip-snorting rally from the bottom, but it’s still only up 6.8%. It’s got a good movie slate coming, only sells at 20 times earnings, and the theme parks are doing incredibly well. I think the answer is absolutely. I think it’s a very good long-term holding and I encourage you to buy it right here, right now.”

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Disclosure: None. This article is originally published at Insider Monkey.