• 405
  • 73
  • 1

Disney shares fell more than 8% in morning trading

Tiger Newspress2021-11-11

Disney shares fell more than 8% in morning trading.

Atlantic Equities is cutting Disney to Neutral from Buy in the wake of its earnings, pointing to direct-to-consumer additionsslowing more than expected.

It is lowering its price target to $172 from $219 per share, just below the last closing price.

"Disney's focus on franchises led to excellent sign-up rates out of the gate, but we are increasingly convinced that the penetration of this fan base is close to saturated in launched markets," analyst Hamilton Faber writes in a note.

"While there are new geographies to come, we believe volume growth will disappoint," Faber says. "We are retaining our (sum of the parts) valuation but cutting our target DTC revenue multiple from 8x to 5x."

Faber adds that reiterated Disney+ subscriber guidance of 230-260M subs for 2024 looks aggressive and he is cutting his estimate slightly to 218M.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论73

  • Jac_jk
    ·2021-11-15
    This hurts 
    回复
    举报
  • KerenPeng
    ·2021-11-12
    Ok
    回复
    举报
    收起
    • MarketPulse
      Almost the right price to go in
      2021-11-13
      回复
      举报
  • seahdh
    ·2021-11-12
    Will global reopening of borders affect this analysis?
    回复
    举报
  • JGSC
    ·2021-11-12
    Work harder 
    回复
    举报
  • koolgal
    ·2021-11-12
    Disney needs the magic from the Magic Kingdom to fly high again!  With the opening of international borders in the US, there will definitely be more visitors to the Magic Kingdom! Wish Upon A Star and May Your Dreams Come True! 🎉🎊🎉⭐⭐⭐
    回复
    举报
    收起
    • koolgal
      Thanks for sharing
      2021-11-14
      回复
      举报
    • 56a3dd2f
      On my watchlist 😊👍
      2021-11-14
      回复
      举报
    • koolgal
      Thanks
      2021-11-14
      回复
      举报
    查看更多 2 条评论
  • Bentofighter
    ·2021-11-12
    Pls like
    回复
    举报
  • Vomous
    ·2021-11-12
    Oversold
    回复
    举报
  • JCai
    ·2021-11-12
    Wow
    回复
    举报
  • ArcherWG
    ·2021-11-12
    No... 
    回复
    举报
  • Ytyt
    ·2021-11-12
    Pls like
    回复
    举报
    收起
  • JeremyKok
    ·2021-11-12
    With the opening of air travel, will the return of tourist boost it theme park sales? I still believe it is a good stock to buy and hold for long term. Do your own due diligence before you invest.
    回复
    举报
    收起
    • b1uesky
      agreed.
      2021-11-12
      回复
      举报
  • TaiWoeiHaur
    ·2021-11-12
    Good morning pls like. 
    回复
    举报
    收起
    • HongZ
      thanks
      2021-11-27
      回复
      举报
    • Nevstar
      like [强]
      2021-11-12
      回复
      举报
    • Cvt
      Like
      2021-11-12
      回复
      举报
  • SPOT_ON
    ·2021-11-12
    Like n follow 
    回复
    举报
    收起
    • JeremyKok
      hi. please like and comment back. thank you.
      2021-11-12
      回复
      举报
    • SPOT_ON
      ❤ 😍 💖 ❣ 💕 💘
      2021-11-12
      回复
      举报
  • JiaDeName
    ·2021-11-12
    Like pls thanks
    回复
    举报
    收起
    • JiaDeName
      thanks
      2021-11-16
      回复
      举报
  • Gackky
    ·2021-11-12
    the magic is no more, going into the dark age
    回复
    举报
    收起
    • Venus_M
      fairy tales gives you dreams and hope.  it is good to keep hoping and stay positive 🌟
      2021-11-12
      回复
      举报
    • Gackky
      once my dream, but as i grow older, i know the true meaning of fairy tales
      2021-11-12
      回复
      举报
    • Venus_M
      it's everyone's childhood dream..
      2021-11-12
      回复
      举报
  • PearlynCSY
    ·2021-11-12
    The near 2-year Covid-19 pandemic has hit the hospitality industry very hard
    回复
    举报
    收起
    • robot1234
      SG is desperate to open her border
      2021-11-26
      回复
      举报
    • MayTan
      Agreed.
      2021-11-12
      回复
      举报
  • Calvin_GKH
    ·2021-11-12
    [惊讶] 
    回复
    举报
    收起
  • HOTBE
    ·2021-11-12
    Unforeseen & Unpredictable 
    回复
    举报
  • Noob6
    ·2021-11-12
    Ok 
    回复
    举报
  • themonkey
    ·2021-11-12
    [摊手] [摊手] [摊手] 
    回复
    举报
 
 
 
 

热议股票

 
 
 
 
 

7x24