Disney investors glued to CEO succession outcome: Analyst

Published On Sep 10, 2024, 6:11 PM

Investors are focused on who will succeed Bob Iger as CEO of Disney, with Goldman Sachs analyst Michael Ng emphasizing the importance of this decision for the company's future strategy. There are four internal candidates for the role: Dana Walden, Alan Bergman, Josh D'Amaro, and Jimmy Pitaro, with Walden reportedly having a slight edge. Despite facing operational challenges, particularly in theme parks, Disney has a strong sports rights portfolio and a growing streaming business, which Ng believes positions the company favorably in the long term. Ng maintains a 'Buy' rating for Disney's stock.

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Stock Forecasts

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Disney's leadership transition could create some volatility in the stock price short-term, especially given the current operational challenges. However, the company's strong brand equity and strategic sports rights position create a robust foundation for recovery and growth in the long term.

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