#4 - Disney (NYSE:DIS)
If you’re looking for another entertainment stock to buy, look at Disney (NYSE:DIS). Although I don’t spend a ton of time on social media, I’ve noticed that families are once again going back to Disney World. But that’s not the reason I like Disney stock. To say Disney’s streaming service, Disney+, has been a success is an understatement. And to that end, the pandemic was a mixed blessing.
On the one hand, the company’s theme park business was devastated and may continue to be for a long time. However, the company has continued to grow subscribers to its streaming service. The company already saw large increases in subscribers after the launch of “Hamilton” and “Mulan”. And in October, Disney announced its latest Pixar movie, “Soul,” will also go direct to streaming on Christmas Day.
The long-term outlook for DIS stock will depend on the recovery of all its business units, but for now, the company’s calculated move into streaming is helping to keep the company top of mind for consumers and why Disney stock remains a buy.
About Walt Disney
The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.
Read More - Current Price
- $115.11
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 19 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $123.83 (7.6% Upside)
