A big bank called BofA thinks that Disney's boss, Bob Iger, is doing a good job and making the company better. They believe that people will want to buy more of Disney's stuff, so the price of those things will go up by 20%. This means people who own Disney's stock now can make money if they sell it later. Read from source...
- The title of the article is misleading and sensationalized. It claims that Disney stock is set for a 20% upside based on an analyst report from BofA, but does not provide any evidence or reasoning behind this claim.
- The article mentions a carriage deal with Charter in late 2023, which seems to be a typo or a mistake. The deal was actually announced in November 2021 and took effect in early 2022, allowing Charter customers to access Disney+ without additional charges. This is an important detail that should not be omitted or confused.
- The article cites Ehrlich's prediction of 7.5 million new Disney Plus subscribers in the fourth quarter, but does not mention any other sources or data to support this claim. It also fails to acknowledge the potential challenges or risks that Disney may face in achieving this goal, such as competition from other streaming platforms or changing consumer preferences.
- The article briefly mentions the ongoing proxy battle with Nelson Peltz, but does not provide any context or background information about why this dispute is significant or relevant to the company's performance or outlook. It also seems to present a one-sided perspective that favors Iger's strategy over Peltz's concerns, without considering the merits or drawbacks of both sides.
- The article does not provide any analysis or insights into how Disney's streaming services are expected to reach profitability in the fourth quarter, or what factors will drive this outcome. It also does not address any questions about the company's financial health, growth prospects, or long-term strategy beyond its current challenges and opportunities.