UBS Upgrades The Walt Disney Company From Neutral to Buy Because of Higher Expectations for Disney+
UBS has upgraded The Walt Disney Company from neutral to buy status. They have lifted Disney’s price target to $200, up from $155.
Analysts said, “We believe Disney is positioned to achieve scale similar to industry leader Netflix with 340M+ global subscribers by 2024 while its premium IP creates pricing power and enables the company to spend less per sub on content, driving better economics over time.”
UBS predicts Netflix will be at 316 million subscribers in 2024.