Disney (NYSE: DIS) Will Keep Hiring Freeze in Place
November 28 2022 - 03:25PM
TipRanks
Following his return to Disney (NYSE: DIS), CEO Bob Iger announced
that the company's hiring freeze will remain in place for now while
he evaluates Disney's cost structure. Bob Iger also stressed that
it is important to make the company's streaming business profitable
instead of focusing solely on subscriber growth. In addition, he
also urged employees to be skeptical about the future of linear TV.
Is DIS Stock a Sell or Buy? DIS stock has a Strong Buy consensus
rating based on 17 Buys and three Holds assigned in the past three
months. The average DIS stock price target of $122.25 implies over
27% upside potential.
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