Walt Disney stock gets a lower Raymond James target

Published on 10/06/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Walt Disney stock was trading at USD 103.87 on October 6, 2026, after Raymond James cut its target to USD 119. Fiscal Q3 adjusted EPS rose to USD 2.06.

Isometrisches 3D-Diagramm der Medien-Wertschöpfungskette mit Studio, Streaming und Kino — Disney (Walt) Co. US2546871060 isometrische Wertschöpfungskette der Unterhaltungsbranche von Studio über Streaming bis Freizeitpark, Illustration mit AI erstellt.

Walt Disney (ISIN US2546871060) was trading at USD 103.87 on the NYSE on October 6, 2026, up 0.25 percent at 10:26 a.m. ET. The immediate company-specific signal came from Investing.com on October 5, 2026, which reported that Raymond James lowered its price target to USD 119 from USD 120 while keeping an Outperform rating.

Raymond James trims its target

Raymond James adjusted its model ahead of Disney's fourth-quarter fiscal 2026 results. The firm cited softer conditions in parts of Asia Parks, reduced its international Parks revenue estimate, and raised its fiscal 2027 content cash spending assumption to USD 26.7 billion from USD 25.1 billion, according to Investing.com.

The target reduction is modest, but it highlights the balance Disney must manage between international investment and near-term profitability. The same report said the firm expects Disney to deliver double-digit adjusted EPS growth in fiscal 2027, while its direct-to-consumer margin assumptions moved lower as international programming and marketing spending rises.

Q3 earnings set a higher bar

Disney's fiscal Q3 2026, ended June 27, 2026, produced revenue of USD 25.25 billion, up 7 percent from USD 23.65 billion in the prior-year quarter. Total segment operating income rose 21 percent to USD 5.555 billion from USD 4.575 billion, while adjusted diluted EPS increased to USD 2.06 from USD 1.61, according to TradingView.

Cash provided by operations reached USD 4.866 billion in the quarter, according to the same fiscal Q3 report. The combination of higher operating income and stronger adjusted EPS gives analysts a more demanding comparison point for the fourth quarter, particularly as Disney continues investing in streaming, parks and cruises.

Consensus stays above the market

MarketBeat lists a Moderate Buy consensus based on 21 analysts, with an average price target of USD 128.06, a high target of USD 151.00 and a low target of USD 115.00. Its rating breakdown includes 1 strong buy, 16 buys, 3 holds and 1 sell.

Goldman Sachs also remains constructive, although its target was lowered to USD 140 from USD 144 while its Buy rating was maintained, CNBC reported on October 3, 2026. Goldman expects fiscal fourth-quarter adjusted EPS of USD 1.73 against consensus of USD 1.66.

Walt Disney stock stays below its yearly high

Walt Disney stock was trading at USD 103.87 on October 6, 2026, with a daily range of USD 103.29 to USD 104.27 and a 52-week range of USD 92.19 to USD 117.09. Its market capitalization was USD 180.4 billion, leaving the stock 11.29 percent below the 52-week high.