The Walt Disney Firm (DIS) noticed its inventory slip 2% on Tuesday after it formally selected Josh D’Amaro to succeed Bob Iger as CEO. D’Amaro, who at present oversees Disney’s theme parks and dozens of its resort resorts, will take the helm of the corporate on March 18, 2026, the corporate mentioned Tuesday.
“Josh D’Amaro possesses that uncommon mixture of inspiring management and innovation, a eager eye for strategic progress alternatives, and a deep ardour for the Disney model and its individuals – all of which make him the precise particular person to take the helm as Disney’s subsequent CEO,” mentioned James Gorman, Chairman of The Walt Disney Firm Board of Administrators. “All through this search course of, Josh has demonstrated a powerful imaginative and prescient for the corporate’s future and a deep understanding of the artistic spirit that makes Disney distinctive in an ever-changing market. He has an impressive document of enterprise achievement, collaborating with among the largest names in leisure to convey their tales to life in our parks, showcasing the ability of mixing Disney storytelling with cutting-edge expertise. The Board believes he’s exceptionally effectively ready to information this world firm ahead to serve our customers world wide and create long-term worth for shareholders.”
D’Amaro, 54, has held a number of roles at Disney since becoming a member of the corporate in 1998, together with in finance, enterprise technique, advertising, artistic growth, and operations. He served as president of Walt Disney World Resort earlier than stepping in as chairman of Disney Experiences in 2020. Now, he’ll function the corporate’s newest chief government officer.
Disney (DIS) inventory response
Shares in Disney (DIS) are down 2% on Tuesday and practically 10% in 2026 thus far. Thankfully, analysts are principally bullish on Disney with value targets considerably above the present market worth. Seaport World units a $130 value goal, whereas Evercore ISI Group sees it reaching $142. These targets recommend important upside from the present value of $103.
Disney inventory is now headed decrease for a second session, on monitor to check its lows from November. It has been a tough few years for Disney inventory. Prior to now 12 months, it has declined about 10%. Going again 5 years, the inventory is down greater than 40%. As of Tuesday, shares sit effectively beneath each the 21-day and 50-day averages.
