Disney Stock Forecast 2022: Forecast revised lower to $155
Disney Stock Forecast: DIS Performance Chart
|5 Days||1 Month||YTD|
|The Walt Disney Company||-1.8%||-11.8%||-32.5%|
Disney Stock Forecast: Technical Analysis
Disney Stock Forecast 2022, May 24th
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A Rebound Near the Corner- Reasons.
- At the outset of the pandemic, Disney was forced to shut down all the theme parks. With the development of vaccines and the US population being vaccinated by more than 60%, Disney is reopening the parks and recently reported that revenue from theme parks has nearly doubled to $5.4 billion in 2021 from $2.7 billion in 2020.
- The recent sell-off is primarily due to low subscriber count of 2.1 million in Q4, however, Disney CEO Bob Chapek reiterated the target for Disney+ of 245 million subscribers by mid of 2024 and is less concerned about the quarterly results and focus is on long term growth.
- The halt in production due to pandemic is the main reason for the low subscriber count. Eventually, Disney’s content producing machine will hit its stride and the streaming content will be loaded with content and will serve as a platter to increase the subscriber count- a headwind in the fourth-quarter results.
- Disney has not been the favourite stock for 2021 and its valuation is further down after the recent downfall but historically December has produced the second-highest average monthly return as the holiday season is around the corner and foot fall is expected to increase. Growth in revenue in core business will definitely help Disney to bounce back strongly.
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