Investment magnets set in motion by Disney CEO Bob Iger's latest enchanting moves.
It's full steam ahead for Disney as they announce their seventh theme park, set to be built in Abu Dhabi! With 39 million tourists annually visiting the capital of the United Arab Emirates, CEO Bob Iger is hoping to capture a piece of this lucrative pie.
Disney's Magic Man, Bob Iger, seems to have cast a spell on investors, with several Wall Street firms raising their price targets on the stock ranges between $120 to $125 per share. This follows a 13% surge in the company's shares over the past two sessions.
| Ticker | Security | Last | Change | Change % || --- | --- | --- | --- | --- || DIS | THE WALT DISNEY CO. | 105.94 | 0.82 | 0.78% || Powered By |
This promising outlook equates to an upside of 19% from current levels, a far cry from the 17% drop Disney shares experienced for 2025. Iger believes the new park will serve those who cannot easily travel to Disney's existing locations due to distance or cost.
"It was pretty lengthy in nature and expensive" explains Iger, who envisions Disney bringing its product to the people rather than the other way around.
DIS
Abu Dhabi itself is no stranger to tourist traffic, with an estimated 39 million tourists visited by 2030. Miral Group, based in Abu Dhabi, will develop this ambitious project.
THE WALT DISNEY CO.
First-quarter results for Disney have been exceptionally strong, with revenues rising 7% to $23.6 billion, and adjusted earnings per share of $1.45. The media giant also amped up its annual forecast to $5.75, up from $5.30.
105.94
While Iger emphasized there are no immediate plans for an eighth park, he didn't completely rule it out. With Disney's focus on "turbocharging that business with investment capital," we could be in for a surprise.
0.82
Dining Elevated at Disney Theme Parks
0.78%
To keep up with the competition, Disney is investing $30 billion in its Florida and California parks. This push comes as Universal plans to challenge Disney with its new park set to open mid-May at Universal Orlando Resort, the largest US theme park to open in two decades.
Because one theme park simply isn't enough, Universal is taking a swing at Disney with its ambitious new development. Only time will tell which titan comes out on top!
Powered By
Curious about potential locations for Disney's eighth park? Rumors are swirling about South America, Southeast Asia, and Eastern Europe. We'll have to wait and see what the future holds for Disney's global expansion! 🔥🎢🍿🌴🌏🌐🌟🌈🦁🦋
- Disney's CEO, Bob Iger, hopes the new theme park in Abu Dhabi will capture a piece of the lucrative market, with an estimated 39 million tourists visiting the capital by 2030.
- The Wall Street firms have raised their price targets on Disney's stock, with a range between $120 to $125 per share, following a 13% surge in the company's shares over the past two sessions.
- Disney is investing $30 billion in its Florida and California parks, aiming to keep up with the competition as Universal plans to challenge Disney with its new park set to open mid-May.
- With Disney's focus on "turbocharging that business with investment capital," we could potentially see plans for an eighth park in the future, with rumors swirling about potential locations in South America, Southeast Asia, and Eastern Europe.
