Goldman Sachs cuts Disney target for Walt Disney stock

Published on 10/01/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a USD 140.00 target on September 28, 2026. Walt Disney stock costs EUR 92.84 after EUR 92.78, plus 0.06 percent.

Generischer Filmstudio-Komplex mit Produktionstrucks bei Sonnenuntergang — Disney (Walt) Co. US2546871060 Filmstudio-Campus mit Produktionsfahrzeugen und Satellitenschüsseln im goldenen Abendlicht, Illustration mit AI erstellt.

Walt Disney (ISIN US2546871060) was quoted at EUR 92.84 at Lang & Schwarz on October 1, 2026 at 1:39 p.m. CEST, up 0.06 percent from the prior close of EUR 92.78. The latest analyst action came from Goldman Sachs, which lowered its Disney target from USD 144.00 to USD 140.00 on September 28, 2026 while maintaining a Buy rating.

Goldman Sachs lowers its target

According to Investing.com on September 28, 2026, the target reduction reflected lower EBITDA expectations. The rating stayed at Buy, leaving the target USD 47.16 above the Lang & Schwarz price when the currencies are kept separate and no cross-currency distance is calculated.

The wider analyst picture remains positive. Investing.com lists 29 Buy ratings, 3 Hold ratings and 1 Sell rating, with an average 12-month target of USD 126.61. Those figures describe analyst expectations in US dollars, not a replacement for the euro reference quote.

Revenue grows while profit falls

Disney's fiscal third quarter of 2026, covering the three months ended June 27, 2026, produced revenue of USD 25.25 billion, up 6.80 percent from the prior-year quarter. Adjusted earnings per share reached USD 2.06 versus a USD 1.86 consensus estimate, according to Financial Report Insights.

The headline profit comparison was weaker. Reported net income fell 49.90 percent year over year to USD 2.64 billion, while diluted GAAP earnings per share declined 48.30 percent to USD 1.51. The report attributes the comparison to a prior-year Hulu tax benefit and a current-quarter A+E impairment, making revenue growth and adjusted earnings more informative operating measures.

Streaming improves the mix

Entertainment subscription streaming operating income rose 116.40 percent year over year to USD 712.00 million in fiscal third-quarter 2026, while its operating margin increased from 6.60 percent to 12.90 percent. That improvement gives Disney a stronger earnings contribution from Disney+ and Hulu, although the sports segment remained a counterweight with operating income down 17.30 percent to USD 858.00 million.

The next scheduled quarterly report is listed for November 12, 2026, by finanzen.net. For investors, the central tension is now visible in the numbers: streaming profitability is expanding, while reported net income and sports operating income are moving in opposite directions.

Stock stays below its yearly high

On the NYSE, Walt Disney is listed under ticker DIS, and its USD 92.19 to USD 117.09 52-week range was shown on October 1, 2026. The finance quote placed the company's market capitalization at USD 182.2 billion on the same date.

Walt Disney was trading at EUR 92.84 at Lang & Schwarz on October 1, 2026 at 1:39 p.m. CEST, plus 0.06 percent versus the prior close of EUR 92.78. The further course of trading is shown by the continuously updated real-time quote of Walt Disney stock.