Goldman Rates Disney a Buy

Goldman Sachs gave Disney (DIS) a buy rating and a price target of $137 per share.

Analyst Brett Feldman wrote in a note that he believes the market is underestimating the potential of Disney+, Disney’s recently-launched direct to consumer (DTC) streaming service.

“We believe Disney’s best-in-class brand, global distribution (breadth), production assets (build), sizable content library (backlist) and strong financial profile (balance sheet) position the company to build scaled DTC video platforms in the highly competitive streaming environment,” Feldman said.

Disney is up to $119 per share. Disney World reopened this weekend.

Posted by on July 13th, 2020 at 10:48 am


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