Disney - EOY Outlook
Nearest PT holds at $185 with significant resistance at $180, however long term outlook can be seen on the positive end from $210 - $230 until the return of cash flow from theme parks. The monthlong trend of rising wedges, gains of 80+% since the initial COVID-19 crash, and a positive post-covid return of paused revenue streams creates a solid base for continued growth.
Due to the sheer volume of projected subscribers to the Disney+ platform by 2024 as well as the various other revenue sources that will eventually return, I would recommend strategically exiting from overvalued streaming platform holdings such as Netflix and finding a position within Disney.
Fundamentally, DIS is a solid long-term hold and any current price and to grow a current position by holding out until a drop to the $175-$180 range.