Two analysts have different stances on The Walt Disney Co.. With Disney’s earnings in the rear-view mirror, BofA says that a rampaging recovery in the Parks unit combined with an upcoming ramp to significantly higher content output has Disney “firing on all cylinders” in its new fiscal year. Disney’s parks division, in particular, is encouraging for multiple drivers, analyst Jessica Reif Ehrlich notes. New features add to revenue growth, including its Genie+ replacement for FastPass and unique attractions like the Galactic Starcruiser and Ratatouille Adventure. And in time, it will be buoyed by the return of international visitors (who make up some 20 percent of total visitors) and cruise ships (with new ships coming on line in fiscal 2022, 2024, and 2025). On content, there’s “finally” a ramp-up coming in the second half of 2022, with Disney+ launching in 42 new countries and 11 new territories covering 70 million broadband households this summer. And a …
BofA Is Bullish on Disney While Moffett Nathanson Is a Tad Defensive: Read Why
March 10, 2022
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