Disney Needs the NBA and NFL
Sports fans are loving the overlap of NBA playoff basketball and working from home, but no one loves it more than ESPN and Disney, which is the media company that can gain the most from the return of live sports.
Goldman Sees Netflix-Like Potential in Disney+, Initiates with BUY Rating
Goldman Sachs thinks Disney+ has the potential to mimic the scale and economics of Netflix. The firm initiated coverage of Disney with a Buy rating and a 12-month price target of $137 on Monday, calling the company a favorite to emerge from cable TV’s cord-cutting avalanche as a winner.
A Whole New Norm Could Spell Trouble for Disney
Disney’s dependence on experiences, particularly Parks and Films, puts its business at the mercy of an untamed coronavirus outbreak. Wells Fargo Securities reiterated its Equal Weight rating and bumped up its price target to $118 from $107, saying it is not convinced the country or world will soon have a handle on the pandemic.