This Wall Street Analyst Thinks Disney Stock Is Going to $147. Is It a Buy?
Walt Disney (NYSE: DIS) has struggled in recent years as its pivot to streaming has been messier than investors hoped, and its legacy media business has declined in the meantime. Now, one Wall Street analyst is taking notice, calling the stock a buy on better times for the media business. According to media reports, Redburn Atlantic analyst Hamilton Faber believes Disney has reached a point at which increases in streaming profit will more than offset the decline of its linear media business.