Where Will Disney Stock Be in 5 Years?
There aren't a lot of people taking a long-term view when it comes to Walt Disney (NYSE: DIS). Disney+ is hemorrhaging money, its iconic animation studio is losing its Midas touch, and the company itself is becoming a battleground stock for politicos. This isn't exactly Peak Disney. Check the stock chart.
Disney is just 6% away from hitting a new 52-week low, 13% from its lowest price in nine years. Investors are dismissing the longtime champ of family entertainment and the world's most successful theme park operator based on recent stumbles. The market's short-term approach to the media giant could be your long-term opportunity as an investor.
Disney has spent decades crafting storybook endings, but can it also be happily ever after for its investors? I recently took a look at where Disney could be a year from now and three years from now. Let's put some sand in that hourglass. Disney in five years -- 2028 -- could be a pretty good place for today's long-term investors.
Source Fool.com
