Disney shares rise while Igger takes a theme park to Abu Dhabi

Disney Bob Egger CEO It seems that the magic of the media giant, as many Wall Street companies have become more convenient on shares after it revealed plans for an entertainment station in Abu Dhabi, the capital of the United Arab Emirates.

This will be the seventh Disney Park.

The shares have gained about 13 % during the past two sessions until Thursday, with Morgan Stanley, UBS, Barclays and Loop Capital all the price goals on the stock to between $ 120 to $ 125 per share.

index	protection	last	Changing	% Change
B	Walt Disney Company.	105.12	+3.03	+2.97 %

This means 19 % of the current levels. Before the news, Disney shares 17 % decreased for 2025.

“It was very clear to us that there are many people, mainly hundreds of millions, in the world qualified for income where the journey to one of our six sites was long in nature and expensive. So we felt in the best way, it is clear that reaching these people is to bring our products to them mainly.”

“We are talking about being at the (crossroads) of the world: 500 million people are qualified for income within four hours; 120 million people will come across Dubai and Abu Dhabi this year alone. Abu Dhabi estimates that 39 million tourists will visit Abu Dhabi by 2030.

While Egger said that there are no immediate plans for the eighth garden, he did not exclude it at some point because the company previously discussed “the turbocharged shipping of these businesses with investment capital.”

Disney raised the theme park

The Miral Group, based in Abu Dhabi, will develop the project.

The results of the first quarter were stronger than expected with revenue increasing by 7 % to 23.6 billion dollars, while the profits per share were $ 1.45. The giant media company also raised its annual expectations to $ 5.75, up from $ 5.30.

Disney also plans to invest $ 30 billion in Florida and California parks, as a global plans to take over Disney through her new park that opens mid -May in the Universal Orlando Resort, the largest American entertainment park that opens in two decades.

Universal aims with Disney with a new park

Iger returned to the CEO of the CEO after a short period of retirement, following a short period of disturbances with former CEO Bob Shabak, who was distinguished by political clashes with Florida Governor Ron Desantis about “not less homosexuals” and the employee retracted, among other challenges.

Then he and his council were successfully defeated Activist investor Nelton Bilz in the Battle of an agent That cleanses the way to return to the basics.

Eger said in April 2024: “I would like to thank our shareholders for their confidence and their confidence in the board of directors and our administration,” adding that the company “is keen to focus 100 % of our attention” on “growth and no Value As for our shareholders and creative excellence of our consumer “now after the Battle of the agent has ended.