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3 Reasons to Bet on Disney Stock in 2023

TheMotleyFool

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3 Reasons to Bet on Disney Stock in 2023: https://g.foolcdn.com/editorial/images/711080/disney-shanghai.jpg

Walt Disney (NYSE: DIS) might be known for creating magical experiences, but 2022 has been far from magical for investors.

Share prices of the entertainment giant are down 39% year to date as growth in its streaming business slowed, losses widened, and investors lost faith in the company's strategy. Those issues reached a head just a couple of weeks ago when the board ushered out CEO Bob Chapek and brought Bob Iger, had led Disney from 2005 to 2020, back to run the company again.

Investors cheered the move, but there are more reasons than that to bet on a Disney comeback next year. Let's look at three of them.

Source Fool.com

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