12:10 PM EST, 02/06/2025 (MT Newswires) -- Walt Disney's ( DIS ) strong fiscal Q1 results will likely give the company's management confidence to reach their full-year targets, BofA Securities said in a note emailed Thursday.

The company kept its 2025 outlook of high-single-digit adjusted earnings per share growth, but BofA said the strong Q1 earnings along with easier comps in H2, launch of a new cruise ship and solid booking trends underpin Disney's ( DIS ) 6% to 8% operating income growth target for its experiences segment.

Disney's ( DIS ) fiscal Q1 operating income exceeded expectations, while revenue was "modestly below," the investment firm said, adding that adjusted EPS of $1.76 was well above BofA's estimate of $1.40.

Following the results, BofA raised the company's EPS forecast to $5.45 from $5.36 for 2025, $6.13 from $6.03 for 2026, and $6.85 from $6.71 for 2027.

BofA has a buy rating and $140 price objective on Disney ( DIS ).

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