Can Disney Stock Stay Above $100 This Time?

Disney (DIS) broke above $100 after fiscal Q3 earnings showed revenue of $25.2 billion, up 7% year-over-year, and adjusted earnings of $2.06 per share, a 28% increase that beat analyst expectations. The Experiences segment delivered strong profitability gains, with theme park attendance climbing 4%.

The $100 threshold has proven sticky. This marks the fifth consecutive year Disney has crossed the level only to retreat. The stock now trades below 14x forward earnings, a discount that reflects lingering skepticism despite management's projection of 12% adjusted earnings growth through fiscal 2027.

The valuation compression creates a setup: if the company hits its growth targets, the multiple could expand alongside earnings gains. But traders have seen this pattern before—Disney touched $100 in 2019, 2020, 2021, 2022, and 2023, falling back each time as streaming losses,park disruptions, or broader market rotation weighed on shares.

The earnings beat and park strength offer fundamental support. Whether technical resistance at the century mark finally breaks depends on whether Disney can string together consistent quarters without margin disappointments or macro headwinds.