DIS Stock: Set Up To Thrive Now? And Later?
Much has been made of Walt Disney Company stock’s ability to bounce back after the end of the pandemic.
But some analysts are saying that DIS is set up for the near and long term.
Set Up To Thrive: Excitement Builds Around DIS
On Friday morning, February 12 — and in the wake of a super stock day for Disney — Rick Munarriz of The Motley Fool posted:
The rest of the lagging segments will get back on track. All of Disney’s theme parks won’t be closed forever. Disney’s studio segment will dominate the box office again once the pandemic is under control… Disney+ is carrying the company right now, but this is still the class act among media stocks that will more than earn its upticks when the time is right.
Then, even in the light of a lightly down day on Friday, On Sunday, February 14, Melanie Schaffer of Benzinga posted…
What Happened: Disney reported $16.25 billion in revenue, far above the Street estimate of $15.93 billion, while adjusted EPS came in at a loss of 32 cents, beating the Street estimate of a 41-cent loss…Disney’s largest growth was in its streaming subscriptions. The company reported it had secured 95 million Disney+ subscribers for the quarter and now has more than 146 million total paid subscribers. This quarter marks the first since the company ended its free trial period.
Benzinga added, “[Disney] CFO Christine McCarthy said executives are “really happy with the conversion numbers that we’ve seen here, going from the promotion to become paid subscribers.”
Meanwhile, Benzinga reported that Goldman Sachs increased their DIS price target to $225. And Rosenblatt Securities pushed theirs to $220.
Finally, MarketBeat.com posted:
The Walt Disney (NYSE:DIS)’s stock had its “buy” rating reissued by analysts at Bank of America in a report released on Friday, TipRanks reports. They currently have a $223.00 price target on the entertainment giant’s stock. Bank of America‘s price objective suggests a potential upside of 18.83% from the stock’s current price.
I am far from a stock market maven, but my 11.5 shares of DIS stock are “set up to thrive” and I stay pat.