Could Disney Stock Be Worth $200 by Year End?
After a solid year of gains in 2020, Walt Disney's (NYSE: DIS) stock price is on a choppy path in 2021. Interestingly, Disney's business was in a holding pattern in 2020, waiting for governments to get control of the coronavirus. However, the stock performed well as investors looked to the success of its streaming services.
However, Disney's stock price is down about 3.2% so far in 2021 and hasn't rallied even as nearly all its operations are reopened. One reason could be that investors are waiting for the results of reopenings to be reflected in the company's financial statements. That could be one catalyst that sends the stock higher, but can Disney's stock hit $200 by the end of the year? It's trading around $175 a share right now.
All of Disney's theme parks are open. Image source: Getty Images.
Source Fool.com
