Robert Fishman Believes that The Walt Disney Company (DIS) Stock Needs Increased Confidence, Reports Bloomberg
The Walt Disney Company (NYSE:DIS) is one of the Top Wide Moat Stocks to Buy for Long Term Growth. On March 18, Bloomberg reported that the company’s AGM highlighted Bob Iger handing over the business to Josh D’Amaro. Notably, he will need to strengthen The Walt Disney Company (NYSE:DIS)’s traditional power base in media. However, D’Amaro has less experience in this domain, and it is also being impacted by the trend that a lower number of people now watch traditional TV. Furthermore, the streaming subscriber growth has been difficult, considering the serial price hikes.
Bloomberg, while quoting Robert Fishman (a media analyst at MoffettNathanson), noted that an increase in The Walt Disney Company (NYSE:DIS)’s stock price requires increased confidence from the investors that streaming is capable of offering double-digit growth in revenues, along with improvement in profit margins.
Rich Greenfield, an analyst at LightShed Partners, believes that The Walt Disney Company (NYSE:DIS) can unlock shareholder value by separating the ESPN and the ABC networks, highlighted Bloomberg.
The Walt Disney Company (NYSE:DIS) is a US-based entertainment and media enterprise giant.
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