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Goldman Sachs initiates Disney at 'buy' with 15% upside as it expects streaming service to reach profitability next year and hit 150 million subscribers by 2025

26 days ago   |   By Business Insider

Disney has 15% upside potential as its recently launched Disney+ video-streaming service is poised to blow past analyst estimates over the next few years, according to Goldman Sachs.
In a note published on Monday, Goldman initiated Disney at a "buy" rating with a 12-month price target of $137, arguing that Disney is "well-positioned" to pivot to streaming.
Disney+ could reach profitability in 2021, two years ahead of consensus estimates, and hit 150 million subscribers by 2025, Goldman added.
"We believe demand for Disney theme parks and theatrical releases will be high post-COVID, and...
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