Wall Road analysts cheered Disney’s earnings outcomes, additional boosting the inventory Thursday morning. The media big reported after the bell earnings that beat on revenue and income expectations , boosted by robust attendance at its theme parks and better-than-expected streaming numbers. The shares had been final greater by 8% in premarket buying and selling because the analyst endorsements rolled in. The mixed Hulu, ESPN+ and Disney+ streaming service had greater than 221 million subscribers, higher than current information that confirmed 220 million subscribers for Netflix. In the meantime, the entire variety of Disney+ subscribers climbed to 152.1 million within the second quarter, greater than the 147 million anticipated, in keeping with StreetAccount. The corporate additionally introduced a brand new pricing construction for streaming that features an ad-supported tier. Going into Thursday’s session, the inventory was down greater than 25% 12 months thus far, and roughly 40% off its highs. After these outcomes, analysts consider Disney is holding up regardless of challenges in macro, streaming and promoting which have dinged rivals comparable to Netflix. “The F3Q22 print will assuage numerous fears. It now appears like Disney+ is monitoring in the direction of tightened and trimmed sub steerage, whereas the ad-supported tier + value will increase + content material rationalization = a a lot improved long-term revenue outlook. Together with NFLX and WBD making comparable rational strikes, we predict buyers pays extra for at-scale streaming companies,” Wells Fargo’s Steve Cahall wrote in a Thursday be aware. “On the different aspect of the home, Parks might be summed up as ‘what macro?’ with phenomenal KPIs and no decel. We elevate our estimates and valuation, and suppose the DIS bull case simply grew to become extra clear,” Cahall added. Cahall had an obese ranking on Disney, and raised his value goal to $145 from $130. In the meantime, RBC Capital Markets’ Kutgun Maral continues to contemplate Disney a prime decide, whereas praising the corporate’s skill to navigate its theme parks by an financial slowdown. “Whereas clearly not resistant to macro challenges, we consider current investments throughout know-how and enhancements in capability, visitor administration and monetization, and value construction efficiencies place the Parks in addition to they’ve ever been within the face of a possible recession,” Maral wrote. RBC has an outperform ranking on Disney, although it lowered the worth goal to $150 from $176. And KeyBanc Capital Markets’ Brandon Nispel mentioned he continues to see “DIS as the one asset we wish to personal in Media given the platform of DTC merchandise, comparatively robust linear manufacturers, and talent to tie content material and experiences along with Parks, which ought to end in income and OI development that’s among the many quickest in our protection for the following a number of years.” KeyBanc has an obese ranking, and raised the worth goal to $154 from $131. To make sure, not all on Wall Road believed the outcomes had been robust sufficient to erase some issues within the inventory. Barclays’ Kannan Venkateshwar, who has a impartial ranking on the inventory, pointed to decreased streaming subscriber steerage that “might not totally take away overhang” given the lack of cricket video games in India. “For Disney+ excluding Hotstar nevertheless, the lower in steerage mid level by ~10mm (new steerage 135-165mm vs prior information of ~140-180mm) will not be sufficient,” he wrote. “Whereas consensus expectations might transfer decrease in the direction of the brand new mid level, we have now been anticipating 2024 Disney+ subs (excluding India) to be extra within the vary of the low finish of the corporate’s new steerage (Barclays 2024 Disney+ sub estimate: 139mm).” Listed here are different analyst takes: Atlantic Equities: Impartial, PT $121 Barclays: Impartial Deutsche Financial institution: Purchase, PT $130 Credit score Suisse: Outperform, 12-month PT $157 Evercore ISI: Outperform, PT to $140 from $130 Macquarie Analysis: Outperform, 12-month PT $135 Morgan Stanley: Obese, PT $125 RBC Capital Markets: Outperform, PT to $150 from $176 Citi: Purchase, PT $145 Goldman Sachs: Purchase, 12-month PT to $140 JPMorgan: Obese, PT $160 from $175 KeyBanc Capital Markets: Obese, PT to $154 from $131 UBS: Purchase, 12-month PT $145 Wells Fargo: Obese, PT to $145 from $130 —CNBC’s Michael Bloom contributed to this report.