Morgan Stanley: Disney Earnings Could Nearly Double In Five Years
There's little doubt that Disney (NYSE: DIS) investors are excited about the potential for the company's upcoming streaming service, Disney+. The stock had been range-bound for nearly three years before anticipation for the soon-to-launch streaming service began to drive up the share price. Disney's management laid out a detailed scenario at the company's investor day on April 11, and its stock has risen more than 20% since that announcement, and more than 30% so far this year.
It isn't just investors that are excited. Analysts are increasingly bullish about the House of Mouse, with the latest prognostication calling for a huge earnings boost for Disney in the coming years.
Image source: Disney.
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