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Disney Analysts Boost Stock Price Targets as Streaming "Is What Matters"

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hollywoodreporter.com
hollywoodreporter.comhollywoodreporter.com:

Streaming service Disney+ again was one of the bright spots when the Walt Disney Co. reported its latest quarterly results after the Thursday market close, with Wall Street analysts giving the Hollywood giant credit for that along with better-than-expected financials in other units.

Several on Friday raised their stock price targets on Disney, with some increasing their valuation of the direct-to-consumer (DTC) business.

But Street experts expressed differing view on how to best value the streaming business, including Disney+, which in just 11 months has managed to reach 73.7 millionsubscribers, handily exceeding a target the company hadn't expected to hit until 2024.

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