Disney Plus growth could catapult Disney's stock price more than 20% over next year, analyst says
new streaming platform could help catapult the company's stock price as much as 20% over the next year, according to Bank of America Merrill Lynch.
Bank of America reiterated its "buy" rating and $168 price target on Tuesday, citing the rollout of Disney Plus as a primary driver of long-term value. long-awaited foray into the streaming wars could help catapult its stock price as much as 20% higher over the next 12 months, according to Bank of America Merrill Lynch.
"Based on comparable analysis of NFLX sub growth over the last five years, we believe the accumulation and retention of 90mn subs appears achievable for DIS+, if not conservative," the firm wrote in a note to clients on Tuesday. Ehrlich and her team reiterated their "buy" rating and $168 price target, which is one of the highest on Wall Street, based on the long-term value of Disney Plus.
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