Here’s why these two analysts aren’t convinced of Disney Plus growth

The Walt Disney Company (NYSE: DIS) reported its strongest quarter since the start of the pandemic last night, but the numbers weren’t enough for Michael Nathanson. Reiterating his ‘neutral’ rating on Disney with a price target of $185, the MoffettNathanson senior research analyst said on CNBC’s “Squawk Box”:

Engine Media’s Tom Rogers is sceptical on Disney Plus

Engine Media’s Tom Rogers also agrees with Nathanson’s outlook. In a separate interview with CNBC, he acknowledged that the headline number for Disney Plus subscribers was encouraging but said the market was neglecting that much of the growth came from India, which are very low revenue subscribers.

Alan Gould lauds Disney for turning a profit from its parks segment

On the contrary, however, Loop Capital’s Alan Gould had a more positive tone for Disney on CNBC’s “Squawk on the Street”. In particular, he said it was a huge milestone in COVID for the company’s parks segment to turn at least slightly profitable in the recent quarter.