Several financial experts boosted stock price targets, but one analyst warns that an upcoming Disney+ price increase 'seems very aggressive, especially at a time when economically pressured consumers are cutting back discretionary spending.'
'The Banshees of Inisherin,' 'All Quiet on the Western Front,' Get Zurich Film Festival Gala Screenings
Helping the bull run was the fact that Guggenheim analyst Michael Morris upgraded his rating on Disney shares from “neutral” to “buy” and his price target by $35 to $145. “We raise our profit estimates … and our price target valuation multiple to reflect stronger than previously forecast trends,” he wrote in a report and highlighted in its title: “Confident Streaming Price Increases Bolster Our Valuation.
Bank of America’s analyst team, led by Jessica Reif Ehrlich, reiterated its “buy” rating and increased its price target from $122 to $144, citing theme parks “firing on all cylinders” as well as Disney+ “significantly beating our expectations.” Wells Fargo analyst Steven Cahall, who has an “overweight” rating on Disney, also pushed his financial estimates higher and, as a result of that, increased his stock price target. The latter jumped by $15 to $145. He also boosted his streaming business valuation for Disney from $100 billion to $110 billion, which now matches his Netflix model.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Disney Raises Streaming Prices After Services Post Big Operating LossDisney Raises Price on Ad-Free Disney+ 38% to $10.99 as Part of New Pricing Structure for Streaming Services
Weiterlesen »
Breakingviews - Disney turns screws on NetflixWalt Disney has pulled a rabbit out of its hat when it comes to streaming. The Mouse House on Wednesday reported that it now has as many subscribers to its video services – Disney+, Hulu and ESPN+ – as Netflix , totaling 221 million customers. Additionally, Disney rolled out its pricing strategy for its forthcoming ad model for Disney+. Starting Dec. 8, the $205 billion company run by Bob Chapek will offer a service with ads at $7.99 per month. It is hiking the ad-free price by $3 monthly.
Weiterlesen »
D23 Expo Schedule: Disney Adds More Marvel, Disney+, ‘The Simpsons’ And ‘DWTS’ To Sold-Out Event – UpdatedUPDATED throughout: The Walt Disney Company has posted an extensive list of new events for its annual D23 Expo fan event next month, including new Marvel, Disney+, Disney Parks and Walt Disney Anim…
Weiterlesen »
Disney+ Getting HUGE Price Increase at the End of 2022The Walt Disney Company has rolled out some major announcements today, confirming that their [...]
Weiterlesen »
Disney+ ad-free streaming price increases to $11 per month in December | EngadgetDisney+ is raising the price of its ad-free service to $11 per month on December 8th..
Weiterlesen »
Disney+ Price Set To Increase, Ad Version Launching SoonThe price of a Disney+ subscription is set to increase, as the service will introduce ad-supported packages in December of this year. Get the full details ➡️
Weiterlesen »