-The Walt Disney Company reported better-than-expected earnings per share on Thursday, but that didn’t stop its stock price from taking an after-hours nosedive.
-That’s because the entertainment giant reported slower-than-expected growth for its Disney Plus streaming service. The service now has 103.6 million paid subscribers, versus a consensus estimate of 109 million cited by CNBC.
-The hit underscores the extent to which Disney—a diverse conglomerate with theme parks, TV networks, movie studios, and a vast consumer products division—is now wholly reliant on one metric. “Nothing else seems to matter,” analysts MoffettNathanson said in a research note Friday.
Our Target:
Disney is a strong stock, we don't think it will drop below $165 just because of the slightly below the expectation subscriptions. However, due to the whole market situation which is bearish for the last couple of weeks, there is a possibility that Disney will let go of some of its heat. If DIS will fail to keep the nose above the $165 then we can potentially see the $145-147.
-That’s because the entertainment giant reported slower-than-expected growth for its Disney Plus streaming service. The service now has 103.6 million paid subscribers, versus a consensus estimate of 109 million cited by CNBC.
-The hit underscores the extent to which Disney—a diverse conglomerate with theme parks, TV networks, movie studios, and a vast consumer products division—is now wholly reliant on one metric. “Nothing else seems to matter,” analysts MoffettNathanson said in a research note Friday.
Our Target:
Disney is a strong stock, we don't think it will drop below $165 just because of the slightly below the expectation subscriptions. However, due to the whole market situation which is bearish for the last couple of weeks, there is a possibility that Disney will let go of some of its heat. If DIS will fail to keep the nose above the $165 then we can potentially see the $145-147.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。