Disney surprised investors by announcing that its seventh theme park is in Abu Dhabi. CEO Bob Iger wants to capture some of the 39 million tourists visiting the Arab capital. (Disney)
Disney CEO Bob Iger Apparently rekindled the magic of the media giant, several Wall Street companies will have a more advantage on stock prices after announcing plans for theme parks in Abu Dhabi, the Arab capital’s capital.
This is Disney’s seventh theme park.
The shares won around 13% in the last two sessions before the end of Thursday. Morgan Stanley, UBS, Barclays and Loop Capital have all raised their stock price targets from $120 per share to $125.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| dis | Walt Disney Co. | 105.12 | +3.03 |
+2.97% |
This means an increase of 19% from the current level. Before the news, Disney Stocks It fell 17% in 2025.
“It was very clear to us that there were basically hundreds of millions of people who were eligible to earn money, as travel to one of our six locations was essentially long and expensive.
The new park will be Disney’s seventh. (Walt Disney Company)
“We’ll talk about it being [the] Crossroads of the World: 500 million eligible people live within 4 hours. This year alone, 120 million people will pass through Dubai and Abu Dhabi. Abu Dhabi estimates that 39 million tourists will visit Abu Dhabi by 2030. It says a lot,” he said.
Iger said there were no immediate plans for the eighth park, but at one point it didn’t rule it out as the company previously “turbocharged its business with investment capital.”
Disney is increasing food at theme parks
The project will be developed by Abu Dhabi-based Miral Group.
The first quarter results were also stronger than expected, with revenues rising 7% to $23.6 billion, with earnings per share of $1.45. The media giant has also raised its annual forecast from $5.30 to $5.75.
Disney is also planning to invest $30 billion in parks in Florida and California. This is a universal plan to play against Disney at a new park that opens at Universal Orlando Resort, the largest theme park in the United States, to open within 20 years.
Universal aiming for Disney in a new park
Bob Iger (Charlie Galley/Disney Getty Images)
Iger returned to the CEO suite after a brief retirement mission after a brief tenure over other issues, including a “non-gay” bill and employee backlash, which led to a brief retirement mission.
He and his board were successfully defeated Activist Investor Nelton Pertz in Proxy Battle It cleared the method to go back to basics.
“We want to thank you for the trust and trust in our board and management,” Iger said in April 2024, adding that the company “want to focus 100% of our attention.” Value creation For creative excellence for our shareholders and for our consumers, now the proxy battle has concluded.
