This Wall Street Analyst Thinks Disney Stock Is Going to $147. Is It a Buy?

Walt Disney (NYSE: DIS) has struggled in recent years as its pivot to streaming has been messier than investors hoped, and its legacy media business has declined in the meantime.However, there are signs that the company could be headed to higher ground as it seems to be nearly done with the transition. It just forged a deal to merge Hulu+Live TV with FuboTV, giving it 70% ownership of the combined property, and it plans to bring its flagship ESPN network to streaming in the fall as well.Its streaming division has also reached profitability, and subscriber gains should deliver margin expansion for the streaming business. Now, one Wall Street analyst is taking notice, calling the stock a buy on better times for the media business.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool