Disney’s CFO outlines plans to strengthen earnings reliability and valuation multiples amid raised price targets from Citi and JPMorgan.
Disney Chief Financial Officer Hugh Johnston emphasized the company’s long-term growth strategy and disciplined capital allocation at MoffettNathanson’s 2026 conference. He cited creative momentum and a focus on generating attractive returns on invested capital to build a track record of consistent earnings performance, aiming to support a higher valuation multiple over time.
Citi raised its price target on Disney to $145 from $135 on May 8, maintaining a Buy rating after the latest earnings report. JPMorgan also increased its target to $139 from $138 on May 7, citing stronger-than-expected Q2 revenue and adjusted earnings, which led to raised financial estimates and reinforced confidence in Disney’s outlook.
Disney, a global entertainment conglomerate, continues to attract institutional interest, with 119 hedge fund holders as of Q1 2026.