DIS closed at $110.40 on Oct. 26, down 1.88% from $112.52 and just 0.4% above the session low of $110.00, on 7.22 million shares that equaled 0.88x the 20-day average of 8.23 million and 0.83x the 60-day average of 8.68 million. The decline is idiosyncratic rather than macro-driven: fell 5.45% to 18.39, the S&P 500 rose 0.70%, the Nasdaq rose 0.82% and the Dow rose 0.28%, so Disney underperformed a rising tape by roughly 2.6 percentage points and decisively lost the $112.69 breakout level it had cleared on Oct. 22. The primary trend is still intact, with price 2.33% above the at $107.89, 3.54% above the at $106.63 and 5.22% above the at $104.92, and the sits $1.71 above the so the golden cross continues to widen. Momentum, however, has cracked: fell to 57.40 from 66.49 in one session, histogram compressed to 0.377 from 0.654 on Oct. 22, and slipped to -111.8 million from -104.5 million. Fundamentals are stable rather than accelerating, with 22.76x trailing earnings, 15.92x FY26 consensus of $6.933, 14.73x FY27 consensus of $7.496, 1.93x sales and 11.54x against a 2.55% FCF yield and $40.86 billion of net debt. execution remains strong with 6 of 6 supplied quarters beating by an average of roughly 9.8%, but the most recent quarter missed revenue by 0.91% and Vic's revenue beat record is only one in four. Estimate revision breadth is the weakest part of the case: FY27 has three upward versus eight downward revisions over 30 days and zero upward versus six downward over the last seven days, while current-quarter of $1.693 is still 4.49% below its 90-day-ago level of $1.773. Analyst posture is constructive but stale, with a $126.58 mean target implying 14.66% upside, 29 of 33 ratings at Buy or Strong Buy, and no rating changes in 90 days, although the $86 low and $144 high targets leave a 52.5% spread. News flow is stale (Sept. 24-28) and centers on the first company-wide CTO appointment, new direct-to-consumer leadership and Disney+ and Hulu price increases, none of which has demonstrated financial returns. With earnings 21 days away inside the 30-day event window and the breakout freshly rejected, the one-month posture is HOLD and the six- and twelve-month views remain BUY on valuation and franchise quality; the decisive question is whether $107.89-$106.63 support holds into the print or whether the failed breakout resolves lower.
投资判断
实时价格
$110.40
推荐分数
58%
58%
置信度
58%
58%
各期限展望
1个月
持有
短线
6个月
买入
中期
1年
买入
长期
核心催化
The Nov. 17 earnings report is the dominant near-term catalyst and only 21 days away: it must demonstrate that September's streaming price increases lifted ARPU without excessive churn, that DTC advertising and profitability are progressing, and that revenue delivery recovers after the 0.91% miss. With the stock having just failed the $112.69 breakout and unwinding from 69.4 to 57.4 in two sessions, a post-earnings gap in either direction would overwhelm the current technical setup and is the single largest determinant of one-month performance.
Use roughly half of a normal position into the Nov. 17 report. at 18.39 is mid-range for the Neutral band and the 10-year yield at 4.986% is unchanged, but DIS fell 1.88% on a day the S&P 500 rose 0.70%, which tells you the stock is not being carried by the tape; a 1.417 beta, 20.1% 20-day realized volatility, a failed breakout and an unproven streaming-retention test all argue against full size pre-event. Scale to full size only after earnings confirm ARPU gains without material churn, or on a successful retest of $107.89-$106.63 that holds on above-average volume.
投资逻辑快照
什么情况涨
The strongest case for owning DIS is that a globally scarce franchise-IP portfolio is being bought at a market-like multiple while the primary trend remains intact: 15.92x FY26 consensus of $6.933 and 14.73x FY27 consensus of $7.496 against implied FY26 growth near 16.5%, mathematically a sub-1.0x on the current year even though the feed reports 3.66. Execution at the line is excellent with 6/6 supplied quarters beating by an average of roughly 9.8%, the current-quarter consensus of $1.693 implies about 49.6% year-over-year growth, and the next quarter's estimate has risen 2.85% in 30 days on five upward and zero downward revisions. Price remains 2.33% above the , 3.54% above the and 5.22% above the , the golden-cross gap widened to $1.71, and the Oct. 26 breakdown came on volume of only 0.88x the 20-day average with still up roughly 80.4 million from Oct. 1, which is rotation rather than liquidation. The $126.58 mean target implies 14.66% upside with 29 of 33 ratings at Buy or Strong Buy. Marking the prior analysis: the old $108.50-$111.50 entry zone was touched on Oct. 26 when the stock printed a $110.00 low, the old $105.50 stop was never threatened, and the $118-$128 exit zone was never reached (the high since the last run was $113.38).
什么情况跌
The strongest argument against owning DIS here is that the bullish evidence is largely price-based rather than estimate-based, and the estimates are the softer of the two. FY27 revisions run three upward versus eight downward over 30 days and zero upward versus six downward over the last seven days, FY26 revisions are zero upward versus three downward over seven days, current-quarter of $1.693 is still 4.49% below its 90-day-ago mark of $1.773, and the feed's negative 48.3% earnings-growth figure remains unreconciled with both the latest quarter and forward estimates. Revenue missed consensus by 0.91% in the most recent quarter and has beaten only once in four, so the beat streak may owe more to cost control than to top-line health, and September's streaming price increases could trigger churn before ARPU benefit lands. The tape is the damning part: on Oct. 26 the stock fell 1.88% to $110.40, closing near the $110.00 low, while the S&P 500 rose 0.70% and the Nasdaq rose 0.82% with down 5.45% to 18.39 — genuine relative weakness, not beta. That failure came two sessions after clearing the $112.69 breakout, and gave back nine points to 57.40 with the histogram compressing from 0.654 to 0.377. Valuation offers no protection: a 2.55% FCF yield versus a 4.986% risk-free rate, net debt of $40.86 billion at 21.43% of market capitalization, cash-to-debt of 0.11, current and quick ratios of 0.71 and 0.56, and a reported of 3.66 that management cannot argue away. The short thesis is that streaming and linear media economics deteriorate faster than parks and franchise IP can offset; short interest of just 1.13% of float with a 2.3 short ratio means bears are not yet positioned, so there is no squeeze support if the print disappoints.
A high-volume daily close below the at $104.92 would confirm that the October uptrend has failed and that the $112.69 breakout was a bull trap, invalidating the constructive multi-month thesis; an intermediate warning trigger is a close below $107.89, the , which would put the stock inside the prior October range with momentum already decelerating and earnings 21 days away.
Earnings and streaming execution: the Nov. 17 report is 21 days out with unwinding to 57.40 and the stock freshly rejected at $112.69 on a day the market rallied, the most recent quarter missed revenue by 0.91%, and current-quarter revisions are two upward versus four downward over 30 days, so a guidance disappointment could produce a gap of several percent straight through the $107.89 and $106.63 support cluster.
Rate and balance-sheet exposure: $46.04 billion of debt against $5.18 billion of cash leaves $40.86 billion of net debt, cash-to-debt is 0.11, operating cash flow covers debt only 0.37x, and the 2.55% FCF yield sits roughly 244 basis points below the 4.986% 10-year yield, so any renewed rise in long-end rates compresses the multiple on a 1.417-beta equity with no valuation cushion.
Out-year estimate risk: FY27 revisions are three upward versus eight downward over 30 days and zero upward versus six downward over seven days, and FY26 shows zero upward versus three downward in the last week, so the 14.73x forward multiple may be built on an estimate set that is still rolling over.
Momentum and positioning fragility: histogram has compressed from 0.654 to 0.377 in three sessions, dropped from 69.43 to 57.40, turned down to -111.76 million from -97.94 million on Oct. 22, and short interest is only 1.13% of float, leaving no squeeze cushion and no evident buyer of last resort if the failed breakout extends.
Narrative and governance risk around the AI/technology initiative: the first-ever CTO and AI strategy have no disclosed financial return, while Character.AI litigation over chatbot safety and Disney's prior cease-and-desist over unauthorized character use create brand-governance exposure for a family-oriented franchise.
接下来关注
下一次财报：2026年11月17日
The Nov. 17 earnings report is the dominant near-term catalyst and only 21 days away: it must demonstrate that September's streaming price increases lifted ARPU without excessive churn, that DTC advertising and profitability are progressing, and that revenue delivery recovers after the 0.91% miss. With the stock having just failed the $112.69 breakout and unwinding from 69.4 to 57.4 in two sessions, a post-earnings gap in either direction would overwhelm the current technical setup and is the single largest determinant of one-month performance.
信号仪表盘
决策输入
6 个信号
基本面
14.7%
距分析师均值目标空间
At the Oct. 26 close of $110.40, DIS trades at 22.76x trailing earnings, 15.92x FY26 consensus of $6.933, 14.73x FY27 consensus of $7.496, 1.74x book value, 1.93x sales and 11.54x on a $241.95 billion enterprise value against a $190.63 billion market capitalization. The feed's 3.66 is internally inconsistent with supplied growth: 15.92x divided by implied FY26 growth of roughly 16.5% yields about 0.96x, and 14.73x divided by implied FY27 growth of roughly 8.2% yields about 1.80x, while a Sept. 24 Zacks reference cited a of 1.29 and a 14.98x forward when the stock was $105.57. The only peer reference in the bundle is dated, showing 14.41x forward for Media Conglomerates versus 14.98x for DIS at that time, and Zacks scored Disney a C on value, i.e. at par with peers; no current peer or historical-average series is supplied, so peer-relative conclusions must stay soft. of 1.93x is defensible against 6.8% reported revenue growth and an implied +7.4% FY26, but the +4.7% FY27 revenue estimate caps the case for a premium multiple. A 2.55% FCF yield remains thin against a 4.986% risk-free rate. Net-net the shares are fairly valued to modestly attractive only if the forecast earnings recovery is delivered; this is not a deep-value setup and the margin of safety is thin.
技术面
Neutral
趋势质量
The Oct. 26 close of $110.40 sits about 2.33% above the at $107.888, 3.54% above the at $106.628 and 5.22% above the at $104.920, so the primary uptrend remains intact. The is roughly $1.71 above the and the gap has widened through October, keeping the golden cross intact and strengthening, while the above the still indicates positive short-term alignment. The problem is the failed breakout: after closing at $113.13 on Oct. 22 above the Oct. 16 swing high of $112.69, the stock reversed to $112.52 on Oct. 23 and then gapped down to a $110.00 intraday low on Oct. 26, closing near the low at $110.40 and back inside the Oct. 19-23 congestion. Price is now 5.71% below the $117.09 52-week high and 19.75% above the $92.19 low, with a 52-week range position of 73.13%. The structure is a bullish uptrend that has lost its short-term trigger and now needs either a reclaim of $112.69 or a clean hold at the $107.89-$106.63 moving-average confluence to reset.
财报
21天
Improving
Fiscal Q3 ended June 30 reported of $2.06 versus a $1.8544 consensus, an 11.09% beat and roughly 28% year-over-year growth from $1.61, but revenue of $25.25 billion missed the $25.48 billion estimate by 0.91% and the company has beaten revenue consensus only once in the trailing four quarters; the immediate share-price reaction is not supplied, and the six-quarter sequence contains normal seasonal variation, so the Improving label reflects near-term momentum rather than a clean company-wide acceleration, and it sits awkwardly beside negative FY27 revision breadth.
新闻
Neutral
新闻基调
The Nov. 17 earnings report is the dominant near-term catalyst and only 21 days away: it must demonstrate that September's streaming price increases lifted ARPU without excessive churn, that DTC advertising and profitability are progressing, and that revenue delivery recovers after the 0.91% miss. With the stock having just failed the $112.69 breakout and unwinding from 69.4 to 57.4 in two sessions, a post-earnings gap in either direction would overwhelm the current technical setup and is the single largest determinant of one-month performance.
宏观
Neutral
4.99% 10Y / 18.4 VIX
easing to 18.39 from 19.45 and a 10-year Treasury yield flat at 4.986% are supportive at the index level, but DIS fell 1.88% while the S&P 500 rose 0.70%, so this 1.417-beta, $40.86-billion-net-debt name is currently de-rating on company-specific concerns rather than responding to a friendly tape, and a renewed backup in long-end yields would compound that pressure.
稳定性
Balanced Growth
Core Growth
Disney monetizes a globally scarce franchise-IP library across theatrical, streaming, parks and experiences, sports and consumer products, which gives the earnings stream genuine durability and is why thesis durability stays High even though the equity is not defensive. The balance sheet provides only a moderate cushion: $46.04 billion of debt against $5.18 billion of cash leaves $40.86 billion of net debt, equal to 21.43% of the $190.6 billion market capitalization, with a 2.55% FCF yield, a current ratio of 0.71 and of 8.01%. of 1.417, 20-day realized volatility of 20.1% and a Nov. 17 earnings report 21 days away justify the High drawdown-risk tag. It belongs as a sized Core Growth sleeve rather than a Core Anchor: expect an uneven path with several percent of event-driven gap risk per quarter and multiple-compression exposure if long-end yields back up from 4.986%.
分析师目标区间
均值目标
$126.58
高低目标
$86 / $144
分析师中值目标
$127.50
共识区间
$86 - $144
— 位分析师
Mean
$86$127$144
市场共识
The $126.58 mean target implies about 14.66% upside from $110.40 and the $127.50 median implies about 15.5%. The $86 low target represents roughly 22.1% downside while the $144 high implies about 30.4% upside; the $58 spread equals about 52.5% of the current share price and signals substantial disagreement about streaming economics, parks demand and execution. The price-target analyst count is unavailable, but the separate recommendation tally covers 33 ratings, 29 of which are Buy or Strong Buy (87.9%), so sell-side posture remains constructive even as target dispersion stays wide and the mean target sits well above a share price that has just failed its breakout.
筹码脉冲
内部人信号
Neutral
净偏向
Balanced
内部人持股
0.1%
机构持股
78.8%
解读
Because transaction direction and reliable dates are missing, these entries provide no dependable read on management's confidence in near-term prospects, and neither dollar amount is large enough relative to the $190.6 billion market capitalization to be a high-conviction signal even if direction were known.
重要活动
Only two officer filings are supplied: Sonia L. Coleman, Officer, for 2,798 shares valued at $279,772, and Brent A. Woodford, Officer, for 5,000 shares valued at $568,101. The date fields appear as coded values 134 and 133 and transaction_type is blank for both records, so the bundle does not identify purchases, sales, option exercises or 10b5-1 plans. The Balanced label reflects the absence of any verifiable directional bias rather than evidence that buys and sells were actually matched.
市场背景
行业
Entertainment
Mixed-Bearish
情绪
-32
跟踪股票
2
分组
industry
Entertainment 行业 当前情绪为 Mixed-Bearish，板块平均评分约 51 分，资金偏好与评分正在走弱，且leadership is concentrated in NFLX。
The streaming narrative has rotated from subscriber acquisition to ARPU, advertising yield and durable margins, and Disney's September price increases plus expanded direct-to-consumer leadership align with that shift. The theme is strengthening as a strategic priority but remains financially unproven until retention and segment margin data are reported, which is why the theme is supportive of the multi-quarter thesis but has not been enough to defend the share price into the print. Positioning evidence in the supplied coverage is mixed rather than supportive: Disney hedge-fund holders fell to 98 from 119 in Q2 while position value slipped to $5.73 billion from $6.88 billion, whereas Comcast's holder count rose to 82 from 78, suggesting selective relative positioning rather than broad inflows into DIS.
The September pricing changes reach their first real measurement point at the Nov. 17 earnings report, just 21 days away, when retention and DTC economics can be assessed together.
Disney+ and Hulu ad-free tier and bundle price increases emphasize ARPU and margin extraction over subscriber growth, the core of the current streaming profitability narrative.
Adam Smith's direct-to-consumer chairman role now spans subscription-video strategy, advertising technology and emerging technologies, tying product and monetization decisions together.
Lagged 13F data showed Disney hedge-fund holders declining to 98 from 119 while peer Comcast's count rose to 82 from 78, evidence of selective rather than sector-wide capital rotation.
AI Modernization in Media
评分: 10
Mixed-Bullish
Media companies are applying AI to personalization, advertising technology, engineering and production workflows, and Disney's creation of a first-ever company-wide CTO role is a direct organizational response to that pressure. Karandeep Anand's Azure, Meta and Character.AI background gives the effort credibility and he reports directly to CEO Josh D'Amaro, which raises the odds of real standardization and could reduce duplicated development across streaming, studios, parks and corporate operations. No measurable cost savings, revenue gains or product improvements have been disclosed, and safety and copyright questions from his prior platform make the theme promising but execution-sensitive rather than an earnings catalyst.
Anand's role took effect Oct. 2 and reports directly to the CEO, so the next several quarters are the first opportunity to judge whether centralized technology and AI leadership produce visible operational benefit.
Disney consolidated enterprise technology, AI platforms and engineering under a single CTO to reduce duplicated development across streaming, studios, parks and corporate operations.
Several Character.AI technical staff are expected to follow Anand, giving Disney generative-AI capability through hiring rather than acquisition, while the DTC chairman role adds advertising-technology ownership.
No realized financial return has been disclosed, so capital is rotating on narrative and organizational signal rather than demonstrated results.
Legacy Media and Consumer Discretionary De-Rating
评分: -35
Mixed-Bearish
Capital has been rotating out of legacy media and cyclical consumer names rather than into them, and the evidence in this bundle is direct: the Zacks Media Conglomerates industry lost 5.8% over the past month while the S&P 500 gained 1%, the industry rank sits at 185 out of 250+ (bottom quartile), and the consumer discretionary group was flat over six months while the S&P 500 rose 16.9%. Disney's own Sept. 24 reference point showed the stock down 5.63% over a month against a 0.53% S&P gain, and the Oct. 26 session extended that pattern with DIS down 1.88% on a day the S&P rose 0.70%. The theme is a valuation and flows headwind rather than a thesis-breaker, but it explains why good beats have not translated into relative performance.
The Oct. 26 session delivered the clearest tell yet: a 1.88% decline on a risk-on tape with down 5.45% and the Nasdaq up 0.82%, confirming that DIS is currently sourcing its returns from company-specific re-rating rather than sector tailwinds.
Zacks Media Conglomerates industry down 5.8% over the past month versus a 1% S&P 500 gain, with an industry rank of 185 of 250+, placing it in the bottom quartile of all industries tracked.
Header-count data shows Disney hedge-fund holders falling to 98 from 119 quarter over quarter and position value dropping to $5.73 billion from $6.88 billion, while Comcast's holder count rose to 82 from 78, i.e. rotation within media rather than into it.
The stock's 1.88% decline on a day the S&P 500 rose 0.70% and the Nasdaq rose 0.82% is direct evidence that index-level risk appetite is not currently transmitting into DIS.
关键指标
23 项指标
市值
$190.63B
市盈率 (TTM)
22.8
远期市盈率
14.7
营收增速
6.8%
净资产收益率
8.0%
Beta 系数
1.42
完整指标集
另外 17 项指标
估值结构
估值倍数与现金流框架。
市销率
1.9
市净率
1.7
企业价值 / EBITDA
11.5
质量与资产负债表
利润率、杠杆与流动性。
毛利率
37.6%
营业利润率
19.3%
资产负债率
39.4
流动比率
0.71x
速动比率
0.56x
仓位与价格区间
空头仓位与52周区间位置。
流通盘空头占比
1.1%
空头回补天数
2.30x
52周最高
$117.09
52周最低
$92.19
距52周高点
-5.7%
距52周低点
19.8%
公司分类
板块与行业背景。
板块
Communication Services
行业
Entertainment
其他信号
自由现金流
$4860375040.00
详细分析
估值
At the Oct. 26 close of $110.40, DIS trades at 22.76x trailing earnings, 15.92x FY26 consensus of $6.933, 14.73x FY27 consensus of $7.496, 1.74x book value, 1.93x sales and 11.54x on a $241.95 billion enterprise value against a $190.63 billion market capitalization. The feed's 3.66 is internally inconsistent with supplied growth: 15.92x divided by implied FY26 growth of roughly 16.5% yields about 0.96x, and 14.73x divided by implied FY27 growth of roughly 8.2% yields about 1.80x, while a Sept. 24 Zacks reference cited a of 1.29 and a 14.98x forward when the stock was $105.57. The only peer reference in the bundle is dated, showing 14.41x forward for Media Conglomerates versus 14.98x for DIS at that time, and Zacks scored Disney a C on value, i.e. at par with peers; no current peer or historical-average series is supplied, so peer-relative conclusions must stay soft. of 1.93x is defensible against 6.8% reported revenue growth and an implied +7.4% FY26, but the +4.7% FY27 revenue estimate caps the case for a premium multiple. A 2.55% FCF yield remains thin against a 4.986% risk-free rate. Net-net the shares are fairly valued to modestly attractive only if the forecast earnings recovery is delivered; this is not a deep-value setup and the margin of safety is thin.
资产负债表
Reported debt-to-equity of 39.4% translates to roughly 0.39x, which screens moderate, but the absolute burden is large: $46.04 billion of debt against $5.18 billion of cash leaves about $40.86 billion of net debt, equal to 21.43% of the $190.63 billion market capitalization and 1.27x EV/market cap. Cash-to-debt is only 0.11 and operating cash flow covers debt at 0.37x. Free cash flow of $4.86 billion is just 28.6% of $16.99 billion in operating cash flow, reflecting a heavy content and capital investment burden, and the 2.55% FCF yield is not a strong cushion. Current and quick ratios of 0.71 and 0.56 signal thin working-capital liquidity, and of 8.01% with of 4.81% is well below a strong-return threshold. The 10-year yield near 4.99% is a reminder that the relief is reversible for this structure. The balance sheet is serviceable and investment-grade in character, but it is not robust.
增长
Reported revenue growth is 6.8% year over year, with consensus forecasts of $101.38 billion (+7.4%) for FY26 and $106.09 billion (+4.7%) for FY27, implying moderate growth that decelerates next year. FQ3 of $2.06 versus $1.61 a year earlier was up roughly 28%, and consensus FY26 of $6.933 implies about 16.5% growth with FY27 at $7.496 implying about 8.2%. The fundamentals feed simultaneously reports earnings growth of negative 48.3%, which conflicts with both the latest quarterly comparison and the forward estimates; the period or basis behind that figure is unclear and it should not be treated as a reliable trend signal. The current-quarter consensus of $1.693 implies roughly 49.6% year-over-year growth per the Sept. 24 Zacks reference, but that compares against a low base. No consolidated margin time series is supplied, so margin expansion cannot be verified; the 37.6% gross, 19.3% operating and 21.21% margins are the only reference points available.
生意质量
Disney's franchise portfolio and its ability to monetize the same content across theatrical, streaming, parks and experiences, sports and consumer products is a genuine competitive advantage and supports above-average business durability. Gross margin of 37.6%, operating margin of 19.3%, margin of 21.21% and net margin of 8.70% are solid for a capital-intensive media and experiences business. However, of 8.01% and of 4.81% show that returns on equity and assets are only moderate, and current and quick ratios of 0.71 and 0.56 leave little liquidity headroom. Ownership is institutional at 78.77% with insiders at 0.07%, short interest is only 1.13% of float with a 2.3 short ratio, so there is no crowded bearish positioning to squeeze. The quality supports a market-like multiple, not a premium one.
资本配置
With $5.18 billion of cash against $46.04 billion of debt, deleveraging remains a high-value use of incremental cash, particularly given a 2.55% FCF yield and free cash flow at only 28.6% of operating cash flow. The 1.33% dividend yield on a 30.93% payout ratio looks comfortably covered and is not the constraint. The supplied data do not confirm buyback execution or a net reduction in the 1.7267 billion shares outstanding, so repurchase support for per-share value cannot be verified. Content, parks and technology investment, including the company-wide CTO organization that took effect Oct. 2, competes directly with debt reduction and distributions for the same cash. Capital allocation is best characterized as neutral pending evidence of consistent deleveraging or confirmed buybacks.
预期修正
Revision breadth remains mixed and horizon-dependent, and it is the weakest part of the fundamental case. Current-quarter of $1.693 is 4.49% below its 90-day-ago level of $1.773, though it is 0.60% above the 30-day figure of $1.683; the counts are two upward versus four downward over 30 days and one upward versus three downward over seven days. The following quarter is the bright spot at $1.956, up 2.85% from $1.902 thirty days ago, with five upward and zero downward 30-day revisions and two upward versus zero downward over seven days. FY26 of $6.933 is 1.73% above its 90-day mark of $6.815 but only 0.18% above 30 days ago, with two upward versus four downward 30-day revisions and zero upward versus three downward in the last seven days. FY27 of $7.496 is up 0.29% versus 30 days ago and 0.37% above its 90-day mark of $7.469, but the breadth is negative: three upward versus eight downward over 30 days and zero upward versus six downward over seven days, the clearest caution signal in the dataset. The recommendation tally is 6 Strong Buy, 23 Buy, 3 Hold and 1 Sell with no rating changes in 90 days, although Citigroup raised its target to $140 from $135 on Oct. 16, Needham reiterated Buy at $125 on Oct. 9, Raymond James trimmed its target to $119 from $120 on Oct. 5, Guggenheim maintained Buy at $120 on Sept. 28 and Wells Fargo raised its target to $132 from $125 on Aug. 6.