Disney shares tumble on light guidance. But here’s why we’re raising our price target

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022.

Presley Ann | Getty Images Entertainment | Getty Images

The pullback in Disney shares Tuesday is overdone despite the Club holding reporting mixed fiscal 2024 second-quarter results. We like what we’re seeing beneath the headline figures, which could make the sell-off a buying opportunity once the dust settles around the stock.

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