Disney+ on target to meet its goal

Article Excerpt

WALT DISNEY CO. $195.24 (New York symbol DIS; TSINetwork Rating: Above Average) (www.disney.com; Shares o/s: 1.8 billion; Market cap: $352.6 billion; No current dividend) has now soared to record highs. It’s currently up 32.9% from when we first recommended the shares in our December 2019 issue at $146.93. The main reason for the price jump is that flagship streaming service Disney+ is growing at a rapid rate and the company is on track to meet its goal of amassing 260 million subscriber worldwide by 2024. That would be a huge increase from its current count of 100 million subscribers globally, signed up over the last 16 months. Rival Netflix currently has nearly 204 million subscribers globally but isn’t growing as fast as Disney+. Walt Disney Co. is a buy. buy…