Disney has attracted investors by announcing that its seventh theme park will be in Abu Dhabi. The CEO Bob Iger hopes to capture some of the 39 million tourists who visit the capital of the United Arab Emirates. (Disney)
Disney Bob Iger CEO seems to have rekindled the magic of the media giant, with several Wall Street companies becoming more favorable on the stock after having unveiled plans for a theme park in Abu Dhabi, the capital of the United Arab Emirates.
It would be the seventh Disney theme park.
The shares have won around 13% in the last two sessions until the end of Thursday, with Morgan Stanley, UBS, Barclays and Loop Capital, all the price targets on share at $ 120 at $ 125 per share.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Say | The Walt Disney Co. | 105.12 | +3.03 |
+ 2.97% |
This implies an advantage of 19% compared to current levels. Before the news, Disney actions dropped by 17% for 2025.
“It was very obvious to us that there were a lot of people, mainly hundreds of millions, in the world which are qualified as income where a trip to one of our six locations was quite long and costly in nature. And therefore we felt the best way, obviously, to reach these people is to bring them essentially the product,” said Iger during the call for society’s profits.
The new park will be the seventh of Disney. (Walt Disney Company)
“We are talking about his being to [the] Crossroads of the world: 500 million people qualified in income live in four hours; 120 million people will go through Dubai and Abu Dhabi this year only. Abu Dhabi estimates that 39 million tourists will visit Abu Dhabi by 2030. This says a lot, “he said.
Although Iger said there were no immediate plans for an eighth park, he did not exclude it at some point, because the company previously discussed “to kill this business with investment capital”.
Disney Eleving Theme Park Dining
Miral Group, based in Abu Dhabi, will develop the project.
The results of the first quarter were also stronger than expected, revenues increasing by 7% to 23.6 billion dollars, while the profit adjusted per share was $ 1.45. The media giant has also raised its annual forecasts to $ 5.75, compared to $ 5.30.
Disney also plans to invest $ 30 billion in Florida and California parks, which plans to face Disney with its new park which will open the mid-May to Universal Orlando Resort, the largest American theme park to open in two decades.
Universal taking Disney with New Park
Bob iger (Charley Gallay / Getty Images for Disney)
Iger returned to the CEO after a short retirement, following a brief tumult mandate with the former CEO Bob Chapek marked by political clashes with Florida Governor Ron Desantis on the “Gay Gay” bill and the employees’ counterpoup, among other challenges.
He and his board of directors then managed to defeat Activist investor Nelton Peltz in a proxy battle It paved the way back to the basics.
“I would like to thank our shareholders for their confidence and their confidence in our board of directors and our management,” said Iger in April 2024, adding that the company was “wishing to focus 100% of our attention” on growth and growth and growth and value creation For our shareholders and our creative excellence for our consumers “now that the proxy battle is over.
