JPMorgan Chase & CoAnalyst Alexia Quadrani released a research report, reiterating Walt Disney CompanyThe "overweight" rating has a target price of $230.
"considering that there are still many unknown factors in the next few years," the analyst cut the forecast for subscribers to the streaming service Disney+ from 185 million to 164 million in 2022, from 230 million to 210 million in 2023, and from 360 million to 235 million in 2024.
Quadrani is still optimistic that Walt Disney Company is expected to achieve his goal of 230 million-260 million subscribers by 2024. She believes that "the strong growth of subscribers is good for the stock price."