Analysts Predict Disney Will Increase by 29% in the Next Year. Should We Be Wary?
Disney (NYSE: DIS) didn't offer investors a very magical story last year. That's because the entertainment giant struggled with higher costs as it invested to grow revenue at its streaming services. The stock price sank more than 40% for the year. And the company brought back longtime chief executive officer Bob Iger to put Disney back on the path to growth.
Iger has since taken action, and his strategy is starting to bear fruit. As a result, Wall Street is optimistic about the company's potential share performance. In fact, analysts predict Disney shares will climb by 29% in the coming 12 months. Should you buy the stock right now -- or should you be wary?
First, a little background on the situation at this Fortune 100 company, known for its theme parks, cruises, blockbuster movies, and streaming services. Over the past few years Disney has focused on growing its streaming business -- particularly Disney+.
Source Fool.com
