00:00It's Benzinga bringing Wall Street to Main Street
00:02Walt Disney stock has fallen more than 11 percent from its high this year, but Goldman
00:06Sachs analysts see the pullback as a buying opportunity. Analyst Michael Ng maintained
00:10a $140 price target and said Disney remains positioned for multi-year earnings growth
00:15as it invests across its experiences, sports, and entertainment businesses. Goldman Sachs
00:20maintained a bullish outlook on Disney with a $140 price target, while Guggenheim reiterated
00:26its buy rating with a $120 target. Wells Fargo raised its target to $132 and upgraded the
00:33stock to overweight, while Argus increased its target to $134. Disney's experiences revenue
00:38rose 10 percent year-over-year to $9.97 billion, while entertainment streaming revenue climbed
00:4411 percent to $5.53 billion. Sports revenue increased 4 percent to $4.5 billion. Analysts
00:51expect upcoming revenue of $25.17 billion and earnings of $1.69 per share. For all things
00:58money, visit Benzinga.com.
