Each week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about managing and building their personal portfolios.
We surveyed a group of more than 600 investors about whether the shares of Walt Disney Co. (NYSE: DIS) will reach $ 250 in 2022.
Disney Stock Forecast
Disney owns the rights to some of the world’s most recognized characters and makes action and animated films in studios such as Pixar, Marvel and Lucasfilm. Disney also operates media networks, including ESPN and several TV production studios.
The company recently announced that its Disney + on-demand movie and television streaming service has reached 86.8 million subscribers. Major competitors to Disney + streaming services are included Netflix (NASDAQ: NFLX) i Amazon (NASDAQ: AMZN) Prime Video.
In its third-quarter earnings report in August, Disney revealed that its theme parks were closed for the entire quarter, a historic period of service disruption. Revenues in the Parks, Experiences and Products segment fell 85%.
Disney is trading at $ 169.30 as of publication, out of the 52-week low of $ 79.07. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would reach $ 250 per share by 2022.
Disney + will ultimately offset losses in theme parks, cruises and movie sales, as well as the reopening of Disney World and Disney Land that will feed stocks to new highs, according to the results of our survey.
Benzinga conducted this survey in December 2020 and included responses from a diverse population of adults 18 and older.
The survey option was completely voluntary, with no incentives for potential respondents. The study reflects the results of more than 600 adults.
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