Disney Stock Forecast: Hit Movies Is Propelling DIS Higher

January 29, 2017
motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First. 

Disney Stock Forecast

Summary:
  • Disney’s stock price is already up more than 17% since my November 8, 2016, buy recommendation.
  • The tremendous box office success of Rogue One: A Star Wars Story movie could inspire more investors to buoy DIS’s stock price higher.
  • Disney has five of the ten top-grossing movies of 2016. Rogue One has grossed more than $1.03 billion in spite of it only getting released last month.
  • Derivative income from sales of Rogue One DVD, toys, and merchandise good could contribute another $500 million.
  • Long-term algorithmic forecasts are endorsing a buy rating for Disney’s stock.

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