Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The direct-to-consumer space is likely to continue gaining strength and Walt Disney Co (NYSE:DIS) seems well positioned to achieve a scale similar to Netflix Inc (NASDAQ:NFLX), according to UBS.
The Disney Analyst: John Hodulik upgraded the rating for Disney from Neutral to Buy, while raising the price target from $155 to $200.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The Disney Thesis: Disney’s global streaming subscribers could grow to more than 340 million by 2024, Hodulik said in the note.
Disney’s premium IP “creates pricing power and enables the company to spend less per sub on content, driving better economics over time,” he added.
See Also: Chevy Teams With Disney To Reveal New Bolt EUV On Valentine's Day
“We now expect DTC revenues to reach $43B in FY24, above our prior $27B and the street's ~$35B, with profitability in FY23. We believe this will support a DTC valuation similar to Netflix while Parks become a beneficiary of vaccine availability & pent-up demand for leisure travel in 2H21,” the analyst wrote in the note.
DIS Price Action: Shares of Disney had risen by 1.76% to $174.30 at the time of publication Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.