Should Investors Be Buying Disney Stock At Its Current Price?

Walt Disney Co.'s DIS "Black Widow" brought in $80 million in box office sales and generated another $60 million through the Disney+ streaming service in its first weekend.

Related Link: Disney's 'Black Widow' Muscles Universal's 'F9' Aside In US Box Office

What Happened: During CNBC's "Fast Money Halftime Report" on Monday, Cerity Partners' Jim Lebenthal said he added to his position in Disney.

Disney is a reopening play with its theme parks and studios, but it also has its Disney+ streaming platform, Lebenthal said. 

Disney+ did well during shutdowns, but it will continue to do well amid the reopening, he added. 

Lebenthal said he is looking for stocks that have consolidated or corrected and Disney fits the bill. The stock has pulled back from its highs in March, he said, adding that he thinks it is ready to trend higher again. 

Why It Matters: JPMorgan analyst Alexia Quadrani reiterated Disney with an Overweight rating and a price target of $220. The analyst sees the current price of Disney stock as a favorable entry point for long-term investors. 

See Also: Unusual Options Activity Insight: Walt Disney

DIS Price Action: Disney has traded as high as $203.02 and as low as $113.37 over a 52-week period.

At last check Monday afternoon, the stock was up 4.15% at $184.38.

Photo by brunapazini0 from Pixabay.

Posted In: Alexia QuadraniCNBCFast Money Halftime ReportJim LebenthalLong IdeasReiterationAnalyst RatingsTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.