Citi sees a 15% upside in the cards for Disney stock

Group 1 - Disney stock experienced a significant recovery in the latter half of 2024, rising from a low of $85.60 to$ 111.35, resulting in a 24.5% gain, which underperformed the S&P 500's 25% return [1] - The primary catalyst for this rebound was Disney's Q4 and full-year 2024 earnings report, which exceeded market expectations for both earnings and revenue [2] - As of January 23, 2025, Disney stock price decreased to $108.86, reflecting a 2.26% decline since the start of the year [2] Group 2 - Wall Street analysts are becoming increasingly optimistic about Disney, with Citigroup's Jason Bazinet setting a price target of$ 125, indicating a 15% upside [3][4] - Citi anticipates an 8% growth in EPS for 2025, followed by 11% and 13% growth in 2026 and 2027, respectively, based on strategic mergers and product launches [5] - Citi's EPS estimates for 2025 and 2026 are below market expectations, with a bear case scenario suggesting a downside to $96, while a bull case could see the stock rise to$ 134 [6][7] Group 3 - Bazinet resumed coverage on Disney with a conservative price target of $125 and a 'Buy' rating, advising investors to monitor the upcoming earnings call on February 5 [8]