None
SO
Needham Remains Optimistic on The Walt Disney (DIS) Amidst Increased Competition: Here’s Why
['Bob Karr', 'Mon', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
An analyst at Needham, Laura Martin, kept a "Buy" rating on The Walt Disney Company (NYSE:DIS)'s stock with a price objective of $125.
This transition has been supporting The Walt Disney Company (NYSE:DIS), with Wall Street analysts becoming optimistic despite increased competition.
Competitive Landscape- Disney v/s NetflixThe Walt Disney Company (NYSE:DIS)'s competitive position is somewhat different from the other media companies.
However, comparing Netflix, Inc. (NASDAQ:NFLX) and The Walt Disney Company (NYSE:DIS) makes more sense.
Netflix, Inc. (NASDAQ:NFLX) is trading at ~23.3x forward earnings multiple compared to ~13.1x for The Walt Disney Company (NYSE:DIS).