Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Disney Stock Will Surge to $175, According to This Analyst

By Joe Tenebruso - Dec 2, 2020 at 12:15PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The entertainment titan's shareholders could be in store for even larger gains.

Walt Disney ( DIS -0.67% ) gives investors many ways to win.

So says Citigroup analyst Jason Bazinet. On Wednesday, Bazinet reiterated his buy rating on Disney's stock and boosted his price forecast from $150 to $175. His new target price represents potential gains to shareholders of roughly 16% from the stock's current price near $151.

A miniature gold bull is on top of a keyboard button labeled buy.

Disney's stock has plenty of upside, according to analysts at Citi. Image source: Getty Images.

Bazinet foresees a "measured recovery" in Disney's parks, movie studios, and cable networks, as the coronavirus pandemic eventually subsides. Additionally, Bazinet highlighted the blockbuster performance of Disney+, the company's streaming service that's seen its subscriber base soar to over 73 million in its first year. 

Disney+ has been a massive hit for the entertainment giant. For years, analysts and investors alike grew increasingly concerned that the trend toward streaming services and away from traditional TV packages would disrupt Disney's empire. But now, thanks to the success of Disney+, the company has become a powerful force in the streaming arena.

With Disney+ and other streaming services, such as Hulu and ESPN+, fueling its growth, Walt Disney is well positioned to profit from the global trend toward internet-delivered entertainment options. Thus, it seems likely that its stock will reach Bazinet's $175 price target in short order, and long-term investors could enjoy even greater gains in the years ahead.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Walt Disney Company Stock Quote
The Walt Disney Company
DIS
$146.22 (-0.67%) $0.98

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
624%
 
S&P 500 Returns
140%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/06/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.