Should You Buy Disney Stock As Its Streaming Business Ramps Up?
Walt Disney's (NYSE: DIS) direct-to-consumer streaming business will be the House of Mouse's biggest segment by 2024, said Morgan Stanley analyst Benjamin Swinburne in a note to investors on Friday. Going one bold step farther, Swinburne predicted that Disney's streaming subscriber base could even "match or surpass" Netflix (NASDAQ: NFLX) by 2024. The analyst's confidence in Disney's streaming business highlights the company's rapid transformation into a digital behemoth -- especially considering that Disney didn't fully acquire Hulu and launch its flagship Disney+ streaming service until last year.
It's safe to say that Disney's foray into streaming has been a major success. Indeed, the company's momentum in the fast-growing space has helped the stock soar to all-time highs. All of this begs the question: With Disney executing so well in this important growth vector, is now a good time to buy Disney stock?
Image source: Walt Disney.
Source Fool.com
