Why Disney Stock Soared to a New All-Time High Today

Shares of Walt Disney (NYSE: DIS) surged on Friday, following the entertainment titan's investor day presentation late on Thursday. As of 1:15 p.m. EST, Disney's stock was up more than 14%.

Disney announced that its massively popular streaming service, Disney+, now has more than 86 million subscribers. That's about as many subscribers as the company hoped to obtain by fiscal 2024. Management previously set a five-year target of 60 million to 90 million subscribers when the service launched in 2019. 

Disney+ is growing at a torrid clip. Image source: Getty Images.

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Source Fool.com