DIS Stock Forecast: Theme Park Closures and Disney Plus Launch Expenses Weigh on Disney
This DIS stock forecast article was written by Erica McGillicuddy, Analyst at I Know First.
Summary
- Disney theme parks are beginning to reopen with social distancing measures in place
- ESPN and ESPN+ viewership has been at a low, but will increase as sports seasons start back up
- Disney Plus is experiencing a rapid increase in subscribers, but not enough to produce a profit
- I give DIS stock a mild buy rating as Disney starts to overcome the worst of COVID-19