Walt Disney stock presents buying opportunity

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Walt Disney (NYSE: DIS) Stock prices have struggled to extend the bullish momentum over the past two weeks. The DIS stock price has fallen to $ 140 after hitting an all-time high of $ 153 a few weeks ago. The sell-off in the share price is supported by the investor’s strategy of capitalizing on the massive gains it has generated over the past six months. The DIS share price has climbed more than 25% in the past twelve months.

However, market analysts present a bullish outlook for Walt Disney stock. They believe the DIS stock price is well positioned to generate big gains for investors in 2020. Analysts have shown confidence in its financial numbers, streaming service and studio business.

DIS Walt Disney Company Daily Stock Chart

Liquidation of Walt Disney shares is a buying opportunity

Market analysts see the decline as a buying opportunity for new investors. This is because they are optimistic about the bull run in the next few days. For example, Morgan Stanley raised the DIS stock price target to $ 170 with a buy rating. The company is confident in early reports of Disney Plus success.

Its analyst Benjamin Swinburne said: “The early traction suggests that Disney’s strategy is working, the product is resonating, and the popularity of its IP is unmatched in entertainment. The streaming product’s first scale shows promise as the company pursues an accelerated launch in Western Europe. ”

In addition, Bank of America believes that DIS will likely benefit from the strength of the film studio and its parks business. Its analyst says recent film releases have generated billions of dollars for the company. For example, Frozen II grossed $ 1.41 billion worldwide.

The outlook is bright

The company is on track to deliver double-digit growth in revenue and earnings for the first quarter and a full year. DIS management predicts that 2020 could be a banner year for revenue growth and profitability. It is also well placed to record a strong increase in its dividend in the coming quarters. Overall, Walt Disney’s share price is likely to be supported by several operational and financial aspects.

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