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Disney kicks off 2020 with a green signal from the Wall Street analysts

Disney kicks off 2020 with a green signal from the Wall Street analysts
Michael Harris
Jan 04, 2020, 04:08 AM
  • Disney's stock records an upward rally at the start of the new year following Wall Street's buy rating.
  • Bernie McTernan of Rosenblatt Securities forecasts 25 million new subscribers for Disney+ in Q1.
  • 9% of Netflix users forfeit their subscriptions and opted for Disney+ in 2019.
  • Apptopia says Disney+ is top ranked on Google and Apple stores with 9.5 million active users per day.
  • Disney gained 31% in the stock market in 2019 while the Bank of America sees a target price of $168 for the stock.