Disney Stock Drops as New Disney+ Subscription Rate Slows

Despite the recent addition of new series like “Loki” and Marvel’s “What If…?”, Disney+ subscription rates are slowing. The slowing demand has caused Disney stock (NYSE:DIS) to drop. The stock closed at $171.41, down 3.01% today.

According to a release from Schaeffer’s Investment Research, Inc., Barclays downgraded Disney stock, cutting its target price to $175 from $210. The firm added that Disney is now behind its goal of reaching 150 million Disney+ subscribers by 2024.

The Barclays downgrade is a break from normally bullish attitudes towards Disney stock.

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Meg
Meg
2 months ago

Well we won’t be helping those numbers. Our subscription is up next month, and we will not be renewing.

Doug
Doug
2 months ago

Fire Chapek! Fire Chapek! Fire Chapek!

May
May
2 months ago

I don’t get Disney+, never have. I stick with Disney Channel and watch tons of Disney show reruns. I see no reason to get Disney+. My son never watches Disney shows, but he gets Disney+ at times when there’s something he wants to see, like the Mandalorian. When that’s done he cancels it. I have zero interest in the Mandalorian. I don’t understand why people get Disney+, being that I’m the only adult I know who watches Disney shows every day. Most people don’t do that, so why do they need Disney+? Disney+ has some 100 million subscribers, but some… Read more »

Marc
Marc
2 months ago

I cancelled my sub after Disney fired Gina Carano.