Is $200 In Sight For Disney Stock?
One analyst says maybe, but that’s not the primary reason to invest in The Mouse…
It’s been an interesting year for me and my 12.25 shares of DIS. Yes, we had that shining moment at $203.02, but we also had the $108.02 (for a 52-week low). Right now, after recently climbing to near $179, we’re at $177 or so, which is pretty well the state of the stock right now – in the mid-170s.
Image: AP Photo/Richard Drew, File
However, when the urge hits me to continue my little experiment elsewhere, I remember my initial intention: To buy Disney and hold on, exploring the stock market through the lens of an investment to which I am personally linked, thereby making it easier to understand (I thought, lol) the ups and downs.
In this case, my “gamble” worked as I bought several of my then single-digit shares at or near the two-year low price of around $86. Obviously, I am no investment genius. But “buying Disney” seemed like the smart thing to do.
Image: Disney
Like the guy in The Graduate, who pulls ben aside to tell him some obvious advice.
Image: Embassy Pictures
Anyway, I am in no way giving out advice. I am just reporting on my experiment and what others — the real experts — write about Disney Stock.
200 In Sight For Disney Stock?
And, one interesting article that caught my eye was The Motley Fool’s Parkev Tatevosian’s “Could Disney Stock Be Worth $299 By Year-End.” In the piece, Tatevosian notes several factors that could push DIS back toward $200.
Current repainting of Magic Kingdom Auto Plaza Entrance
- Park Tickets: “It took roughly 15 months, but finally, all its theme parks are open as of June 17… Fans are flocking to fill whatever space is available.”
- Streaming Growth: “Disney+ was introduced in November of 2019 and 20 months later has over 103.6 million subscribers… What’s more, it’s likely that when Disney next reports subscriber figures, it will be higher by several million.”
- Movie Theaters: “The box office has long been a source of revenue and buzz for Disney. The early film releases Raya and The Last Dragon and Cruella are performing well…”
Image: MickeyBlog.com
But in the end, Tatevosian implies investors should ignore the hype machine. That, like plastics in 1967, to him, The Walt Disney Company is a sound investment, whether it hits $200 or not.
He put it succinctly:
Image: Disney
[W]hat’s more likely is that if you own Disney stock over the next decade or two, you’re probably going to end up with more money than when you started.“
That’s good enough for me and my 12.25 shares. We’re standing pat.
Read Tatevosian’s full article on The Motley Fool.
But what about you? Do you invest in Disney stock? Why or why not? Let us know in the comments.
Feature Image: Disney
