There's a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers
Rosenblatt Securities analyst Bernie McTernan raised his price target for the media conglomerate to $175, from $170. The figure is the highest out of any major analyst covering the stock and about $20 above the average price target, according to data compiled by Bloomberg.
The graph below depicts the significant difference between McTernan's prior and updated estimates for Disney's streaming subscribers."The key question facing Disney shares is where do subscribers go from here," McTernan wrote in a note to clients late Monday. "We believe 15-20M subscribers is a reasonable estimate for Disney+ currently."
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