'Disney+ is now at a $150 billion discount to Netflix based on our deconstruction, so we're aggressive buyers,' Wells Fargo's Steven Cahall said though.
“Sentiment on Disney hasn’t been this despondent since before the ’17 streaming pivot,” Wells Fargo analyst Steven Cahall said in a Monday report, entitled “Rage Against the Content Machine,” in which he cut his stock price target on the Hollywood giant by $7.
In a deep dive, he analyzed “the recent Disney+ subscriber slowdown,” after early streaming momentum thanks to such original series as. “Our work indicates that the slowing content machine was the culprit, and our cohort analysis of organic core net adds supports subs re-accelerating with content amortization increasing,” he concluded.
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