Disney Stock Forecast: Youtube Renewal of Disney Channels, Strong Content Pipeline ahead. Will it Reach $170 ?

Disney Stock Forecast: Youtube Renewal of Disney Channels, Strong Content Pipeline ahead. Will it Reach $170 ?

Uncategorized US Stocks
December 26, 2021 by Elizabeth McKeniser
13
Disney Stock Forecast: Shares of The Walt Disney Co. DIS are expected to trade between $149 and $153.The overall recommendation for the next 24 hours is Buy. 3 out of 4 Momentum Indicators are Positive 2 analysts The Walt Disney Co. Latest price Disney trading +1.15% Higher at $153.63 in the current trading session. Metric Value Trend

Disney Stock Forecast: Shares of The Walt Disney Co. DIS are expected to trade between $149 and $153.The overall recommendation for the next 24 hours is Buy.

3 out of 4 Momentum Indicators are Positive

2 analysts

The Walt Disney Co. Latest price

Disney trading +1.15% Higher at $153.63 in the current trading session.

Metric
Value
Trend
Share Volume
6.5 M
Higher
Average Share Volume
11.4 M
NA
Forward PE (1 Year)
36.41
Higher
DIS Stock Forecast

Disney Stock Forecast: DIS Performance Chart

1 Day
5 Day
1 Month
1 Year
-1.30%
-1.61%
-4.74%
-13.96%

Disney Stock Forecast: Momentum Summary

Momentum Indicator
Indicator Direction
Price
Higher
Technicals
Buy
Social Media Buzz
Negative
Volume
Higher

Disney Stock Forecast: Technical Analysis

Source
Support
Resistance
Recommendation
$ 148.11 (S3)
$ 152.77 (R1)
Buy
$ 150.05 (S3)
$ 154.57 (R1)
Buy

Has DISNEY (DIS) Stock Bottomed? Time To Buy The Dip On Disney Stock??

Disney Stock Forecast: Latest News and Tweets

MadHodor on Twitter: “$DIS Entered the fib time zone 55->89 with a bullish impulse This wave II low represents a generational buying opportunityPrices at this level for #Disney stock will very likely not be seen againLoaded the boat… 💰 pic.twitter.com/WJgdMFJ80y / Twitter”

DIS Entered the fib time zone 55->89 with a bullish impulse This wave II low represents a generational buying opportunityPrices at this level for #Disney stock will very likely not be seen againLoaded the boat… 💰 pic.twitter.com/WJgdMFJ80y

Disney (DIS) Renews Distribution Deal With Google-Owned YouTube

Walt Disney Stock is Making Bargain Hunters Wishes Come True

Disney Stock Forecast: Walt Disney Social Media Sentiments

Social Media Sentiment Period
Positive Sentiment
Negative Sentiment
Sentiment
Last 7 days
8.5%
9%
Negative
Last 24 hours
7.6%
19.4%
Negative

Disney Stock Forecast: Latest Crowd’s Videos

Top picks for 2022: Apple, Chipotle & Disney

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 US population being vaccinated 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.
  • Visitors are enthusiastic to return to the park that were closed for extended time and therefore customer spending is 30% higher than in the same quarter of 2019. Although parks are yet to achieve full strength, but trend is increasing quarter over quarter and is going to be same as more and more folks gets vaccinated.
  • 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.
  • Halt in production due to pandemic is the main reason for low subscriber count. Eventually Disney’s content producing machine will hit the stride and the streaming content will be loaded with content and will serve as platter to increase the subscriber count- a headwind in the fourth quarter results.
  • Disney has not been favourite stock for 2021 and its valuations is further down after recent downfall but historically December has produced second highest average monthly return as holiday season is around the corner and foot fall is expected to increase. A growth in revenue in core business will definitely help Disney to bounce back strongly. 

Upcoming Movies on Disney+ and a Boost for Disneyland

  • Disney has been on back foot for the slow growth in subscriber base, but in December, the content pipeline will be flowing to lure public. Diary of Wimpy Kid is appearing in animation and Marvel’s Hawkeye series which began last month will wrap up by end of this month.
  • Home Alone 4 is also scheduled in this month among much awaited Encanto and Ron’s Gone Wrong. Star Wars are waiting for Dec 29 for the new series featuring bounty hunter Boba Fett.
  • Theatrical release of Disney comes from 20th Century Studios, which it acquired two years ago, and West Side Story is scheduled to be released in theatres in December. It is being directed by Steven Spielberg and his presence at the helm will draw crowd back in the theatres.
  • The debut of Genie, Genie+ and Lightning Lane+ in Florida gives guests the ability to pay $15 a day for access to former FastPass lines. The system is set to come to Disneyland at a higher rate of $20 a day for Genie+ by December 20 and it will be major attraction for Florida people. 

Disney to Change the Business Modalities.

For last 100 years, since its inception in 1923, Disney has been a pivot point for its focus on family values and its kid friendly programs. Disney has become synonymous for wholesome family entertainment, a legacy that remained intact even after Disney’s passing in 1966.

Now recently company is changing its guard and is entertaining the idea of expanding the catalog of programs shown on its flagship streaming services to include more adult content.

Thus far there has been a clear demarcation between family friendly fare on Disney+ and adult content on Hulu but CEO Bob Chapek argues the need of expanding library of content, to attract larger and more diverse audience, or else there is risk of losing future growth and viewers to competitors like Netflix and Amazon Prime Video.

Future Outlook for Disney: A Buy Opportunity in the Recent Dip?

  • Loop Capital has reduced the target price to $190 from $205, citing increased expenditure for content production for Disney+, affecting its profitability, but acknowledges that same will catalyse the long term growth and believe that investors should not believe in near term weakness while looking for buying opportunities.
  • On a technical analysis point of view, Disney share price is lower than every moving average simple and exponential and it is sell signal from every technical indicator perspective. However, all is not bad and Disney share is in oversold zone from RSI perspective indicating a reversal soon.
  • Demand is again picking up after fears from Omicron variant is fading away and reopening of theme parks. Also content spree on Disney+ as mentioned above will take care of subscriber base. Recent dip certainly gives long term investors a chance to enter and not to press sell in panic mode.

Read: NIO Stock Forecast: NIO Opens In GREEN, Stock Just Over $40

-Vineet Agarwal

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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