Needham Rates The Walt Disney (DIS) Buy, $125 Price Target

Needham has reaffirmed a Buy rating on Disney with a price target of $125, a 13.33% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 1:57 PM EDT

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Needham rated The Walt Disney Company ($DIS) "Buy" with a $125 price target on October 9, 2026.

Since the rating, $DIS is up 2.4% after 1 week and up 2.4% to date (from the $108.05 close on Oct 9, 2026).

DIS The Walt Disney Company

$110.59 -0.37% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, Needham reiterated its Buy rating on The Walt Disney Company with a price target of $125.
Needham's $125 price target implies 13.33% upside from The Walt Disney Company's ($DIS) current $110.30 share price.
As of October 16, 2026, Disney shares traded recently at $110.30, which is about 11.8% below the analyst's target.
Disney's market cap stands at approximately $191.1 billion, with a trailing twelve-month revenue of about $98.9 billion.

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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated The Walt Disney Company alert may contain errors. Disclosures

Needham has reaffirmed its Buy rating on The Walt Disney Company (NYSE: DIS) with a price target of $125 as of October 9, 2026. This rating indicates the firm's confidence in the company's potential for growth despite the stock trading recently at $110.30 as of October 16, 2026.

Needham's Call on Disney

Needham reiterated its Buy rating on Disney, maintaining its price target of $125. This aligns with the firm's ongoing positive outlook for the company and reflects their belief in its growth trajectory.

Other Institutional Activity in Disney

Several other institutional investors have also made moves regarding Disney. Blackrock Inc. grew its holdings by 1,422,337 shares, totaling 136,882,993 shares worth about $15.1 billion. Vanguard Capital Management LLC reduced its stake by 1,680,611 shares, leaving it with 113,429,755 shares valued at approximately $12.5 billion. State Street Corporation trimmed its position by 209,262 shares, ending with 83,495,399 shares worth around $9.2 billion. JPMorgan Chase & Co. decreased its holdings by 1,084,176 shares, totaling 75,807,759 shares valued at about $8.4 billion. Geode Capital Management, LLC cut its stake by 270,325 shares, resulting in 41,318,206 shares worth approximately $4.6 billion.

The Walt Disney Company Stock Up 1.2%

Disney shares are currently trading above their 50-day moving average by about 4.1% and above the 200-day moving average by approximately 6.5%. However, the stock is about 5.8% below its 52-week high of $117.09 and 19.6% above its 52-week low of $92.19. The recent trading price is also about 11.8% below the mean analyst target of $126.49.

12-month forecast

$DIS price target

The Walt Disney Company daily closes and this analyst's $125 target. Not advice.

Recent Earnings

In its latest earnings report, Disney reported trailing twelve-month revenue of about $98.9 billion, with a net margin of 8.7% and a return on equity of 8.0%. The company has shown a year-over-year revenue growth of 6.8%. Disney's next earnings report is scheduled for November 17, 2026.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C 59/100

Reported May 6, 2026

Forward outlook
4 target raises vs 2 cuts.
EPS & revenue
EPS beat estimates by 4.4%. Revenue beat estimates by 0.6%.
Profit surprise
EBITDA missed by 7 percent. Operating income missed by 18 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
4 target raises, 2 target cuts.
Earnings quality
Operating margin up 4.8 points. Positive free cash flow.

Earnings Call Summary

Disney reported 25.2 billion in revenue and 1.57 dollars earnings per share, beating analyst expectations. Streaming achieved 12 percent margins ahead of the 10 percent target, and parks revenue exceeded 10 billion dollars for the first time. CEO Iger highlighted 6.5 billion in global box office for 2025 and expressed confidence in both entertainment and experiences businesses driving future growth.

Guidance Disney reaffirmed full year guidance without raising numbers. The company aims for 10 percent streaming margins and expects theatrical releases like The Devil Wears Prada 2 and Toy Story 5 to drive entertainment profits in the back half of the year.

Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.

Dividend

Disney pays an annual dividend yield of 1.36%, with a payout ratio of 30.9%.

Insider Buying and Selling at The Walt Disney Company

Recent insider selling includes Brent A. Woodford, an officer, who sold 7,238 shares on August 14, 2026, at an average price of $105.31 for a total value of $762,234. Another officer, Paul M. Roeder, sold 3,596 shares on August 19, 2026, at an average price of $106.32, totaling $382,327. Woodford sold an additional 3,618 shares on September 1, 2026, at an average price of $107.13 for $387,596.

Analysts Set New Price Targets

On October 9, 2026, Needham reiterated its Buy rating on Disney with a price target of $125. Earlier, Wells Fargo maintained an Overweight rating with a price target of $132, and Argus Research reiterated its Buy rating with a target of $134. The consensus from analysts gives Disney a strong Buy recommendation with a mean price target of $126.49 based on 32 opinions.

About The Walt Disney Company

The Walt Disney Company is a major player in the entertainment industry, operating across the Americas, Europe, and Asia Pacific. It has three main segments: Entertainment, Sports, and Experiences. This diverse portfolio allows Disney to capitalize on various market opportunities while continuing to engage audiences worldwide.

Bottom Line

Investors should keep an eye on Disney's upcoming earnings report on November 17, 2026, which may provide further insights into its financial health and performance. The reaffirmed Buy rating from Needham highlights ongoing confidence in the company's future prospects.