Guggenheim Securities analyst Michael Morris on Monday raised his subscriber forecast for Walt Disney streaming service Disney+ "to reflect the company's announcement of 50 million global Disney+ subscribers as of April 8." He lowered his near-term financial estimates for Disney amid the coronavirus pandemic, but raised his 12-month stock price target from $100 to $108 "reflecting higher long-term estimates at Disney+." Morris now projects thatDisney+, whose original series include The Mandalorian, will reach 226 million global subscribers by the end of fiscal year 2024, up from his previous estimate of 135 million subscribers.The analyst boosted his domestic Disney+ subscriber forecast from 59 million to 74 million and his international.
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