The company aims to "connect the physical and digital worlds" to allow "storytelling without boundaries." Indeed, CEO Bob Chapek has done a spectacular job introducing technology to evolve the house of mouse amid profound macroeconomic pressures. Arguably, Disney's powerful brands make the company's metaverse push somewhat more favorable than most other companies, including Meta Platforms. Still, the concept of a metaverse may soon go from an abstraction to something we'll quickly grow accustomed to and take for granted, like the smartphones of today.ĭisney has an incredible roster of unbelievable brands and content, which will translate very well as the company pushes into the metaverse. Yes, the metaverse has been a massive buzzword ever since Meta Platforms ( FB) changed its name and growth focus. (See Analysts' Top Stocks on TipRanks) Disney's Metaverse Ambitions Are RealĪs capacity falls for the physical Disneyland or Disneyworld, the company has an opportunity to invest in a digital version in the metaverse. Given the drastic drawdown, underrated growth prospect, and mid-2022 reopening upside potential, I remain incredibly bullish on Disney stock. Still, given another pandemic-fuelled boost to technological innovation, it likely won't be long before investors gain a better appreciation for metaverse prospects. The metaverse appears like a far-fetched money-losing endeavor today. Why? The prospect of a re-acceleration of user growth in the streaming business seems to be heavily discounted.įurther, Disney's metaverse ambitions don't seem to get nearly enough respect, as the company looks to make a push into what could be the new realm of digital technology. Indeed, it's easy to throw in the towel on Disney here, but with nothing but pessimism baked in at around $146 per share, I think the risk/reward looks incredibly attractive. While Omicron will continue weighing on amusement parks and cruises, there remains pent-up demand that will have a chance to be met once a potential Omicron wave is put behind us. I think it's a mistake to think Disney's streaming growth prospects will lag forever. With the first Omicron cases popping up in the U.S., Disney stock seems to be punished as the company was a pure lockdown play, now that the Disney+ hype has died down. Undoubtedly, Disney is a reopening play, with its amusement businesses at ground zero of COVID-19's impact, but with a high-growth stay-at-home business in Disney+. Institutional Distribution Intelligenceĭisney ( DIS) stock can't seem to catch a break these days, with shares immediately plunging following the release of an underwhelming quarter that saw waning growth numbers in its streaming service Disney+.Non-Traditional Exchanges & New Markets.Directors’ and Officers’ Questionnaires.
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