Bernstein Affirms Outperform on Walt Disney (DIS) Despite Mixed Earnings

The Walt Disney Company (NYSE:DIS) ranks among the best slow growth stocks to invest in. The Walt Disney Company (NYSE:DIS) secured an Outperform rating by Bernstein SocGen Group on November 14, with a price target of $129. The affirmation came following Disney’s earnings reports, which the firm admitted “weren’t clean,” while highlighting that the company’s long-term investment thesis remains consistent.

Disney’s entertainment unit’s revenue declined 6% from the previous year to $10.21 billion, led by linear TV channels and theatrical releases. However, streaming emerged as the company’s bright light as consumers shifted away from the pay TV bundle. Operating income for linear networks fell 21% to $391 million, though it jumped 39% to $352 million for streaming. As Disney’s streaming service pricing rose, so did its operating income.

Bernstein emphasized Disney’s ability to generate double-digit growth in earnings per share, which it characterized as “still not easy to find” for an entity of Disney’s size, especially without depending on trends in AI.

The Walt Disney Company (NYSE:DIS) is a global leader in family entertainment and media, operating through five main business segments and iconic brands like Disney.

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