DIS Stock Thoughts: Reasons For Optimism
Disney Stock Keeps Analysts Thinking
It was a day off on Wall Street, but that doesn’t mean Disney stock wasn’t on people’s minds.
Today, in the wake of the American Rescue Plan Act, ever-rising vaccination rates, and more American inclination to head to the movies and theme parks, Investor Place has high hopes for The Walt Disney Company.
Phew…we’ve made it through the first quarter of 2021. So much has happened, and we still love The Walt Disney Co… bullish developments bolster the fundamental advantages that originally attracted us to DIS stock.
John Jagerson and Wade Hansen, who edit “Strategic Trader,” gave several reasons for being so excited about “The Magic of Disney Stock.”
They gave readers a whole bunch of things to think about. However, let’s tease one and send you back to John and Wade:
Subscription-Based Revenue Models
Wall Street continues to love companies that can tap into a subscription model to generate monthly/annual revenue.
Why? Because the revenue is consistent.
You know it’s going to keep coming in month after month, year after year.
That said, Disney has been slowly building into a subscription model powerhouse during the past few years with its streaming video platforms and its movie franchises.
Meanwhile, DIS hasn’t had the best month:
But Jagerson and Hansen say don’t worry:
DIS stock broke above $200 in March before pulling back on some profit-taking. That said, we now expect the stock to break above $200 again in the coming months as it continues to climb higher.
So, as per usual, my 11.5 shares are staying put. At least until I can read the investorplace.com article a few more times.
But what do you think? Are you as optimistic about Disney stock? Let us know in the comments below.