Disney's parks business also adds an additional revenue stream for the entertainment conglomerate, which AllianceBernstein said could rise as much as 27%.
Disney 's planned buyout of Hulu will offset any near-term troubles and benefit the company long term, according to Bernstein. The firm initiated the stock with an outperform jurating. Analyst Laurent Yoon's price target of $103 implies a potential 27% gain from Thursday's close.
"We forecast DTC growth to outpace Linear decline, supporting overall growth of Media, with DTC revenue surpassing Linear revenue in 2024, and Disney becoming the undisputed #2 subscription video on demand." Yoon added that besides Disney's status as the "only credible challenger to Netflix," the company's parks business adds an additional strong revenue stream.
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