×
You will be redirected back to your article in seconds

Disney Stock Celebrates End of 2013 with All-Time High

Analyst raises price target to $87 per share on 'Frozen,' 'Thor: The Dark World' and upcoming film slate, theme parks biz

The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price.

Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29.

Disney’s stock has gained more than 51% over last year.

The latest stock bump was prompted by a report released by Guggenheim on Monday that raised its target price for Disney by $10 to $87 per share. Its previous price target was $77. Guggenheim’s Michael Morris said he was encouraged by the strong performance of Marvel’s “Thor” sequel and the animated hit “Frozen,” with both outperforming expectations, along with Disney’s future slate of films and prospects for international growth opportunities from its theme parks, consumer products and movie releases from Marvel, Pixar and Lucasfilm.

Frozen” has earned nearly $492 million around the globe, while “Thor: The Dark World” is now at $629 million.

Morris especially pointed out Disney’s parks biz as noteworthy, estimating revenue to reach $15.7 billion in 2014 and $16.22 billion in 2015. Shanghai Disneyland opens in late 2015.

SEE ALSO: Media Stocks See ‘Wolf of Wall Street’-Like Rise in 2013

Disney wasn’t alone on Monday, with all of the major entertainment media stocks enjoying an end-of-year rise.

CBS Corp. hit a new high of $63.66, up nearly 1%; while shares of Lionsgate were up 3.7% to $31.94; Sony rose 1.8% to $17.39; and 21st Century Fox was up 0.7% to $35.19 before losing any gains. NBCUniversal-parent Comcast also was up to $51.79.

More Biz

  • Chinese Producer Feng Xiaogang Attends at

    Feng Xiaogang Announces New Film, Denies Tax Fraud Rumors

    The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price. Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29. Disney’s stock has gained more than 51% over […]

  • Donald Trump Mohammed bin Salman

    Trump Stands With Saudi Crown Prince in Wake of Khashoggi Killing

    The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price. Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29. Disney’s stock has gained more than 51% over […]

  • Iggy Azalea at Hits 97.3, Fort

    Iggy Azalea Reveals Details of New '$2.7 Million' Record Deal

    The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price. Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29. Disney’s stock has gained more than 51% over […]

  • Jay Harren Joins StubHub as Head

    Jay Harren Joins StubHub as Head of Business Development, Music

    The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price. Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29. Disney’s stock has gained more than 51% over […]

  • Malibu Fires

    How a Tight-Knit Malibu Community Banded Together in the Face of Wildfires

    The Walt Disney Co. started ringing out 2013 on a high note, with shares of the company trading at record levels on Monday after analysts upgraded its stock price. Shares rose more than 2.5% to $76.50 in early morning trading. By mid-day it was at around $76.29. Disney’s stock has gained more than 51% over […]

More From Our Brands

Access exclusive content