Disney Stock Could Surge 18% to $182, According to This Analyst
Shares of Disney (NYSE: DIS) were mercilessly punished immediately following the outbreak of COVID-19, losing more than 40% of their value. The stock has climbed out of that hole and is now up about 7% for the year. While the shares are near all-time highs, they will surge to new heights next year.
That's according to Wells Fargo analyst Steven Cahall. On Wednesday, Cahall upgraded Disney stock to overweight (buy) from equal weight (hold) and raised his price target from $155 to $182. His new target represents potential gains for investors of roughly 18% over the stock's closing price on Tuesday of roughly $154.
Disney's California Adventure. Image source: Author.
Source Fool.com
