Disney (DIS) Finalizes Purchase of Hulu for Full Ownership

Disney has officially taken full control of Hulu, which could change the game in the world of streaming. Analysts are predicting a moderate increase in Disney’s stock price, opening up potential for growth. The acquisition of Comcast’s remaining stake in Hulu cost Disney $438.7 million, giving them the reins to shape Hulu’s future in line with their own vision.

Looking ahead, insights from 29 Wall Street analysts put Disney’s average target price at $125.43. This estimate comes with a high of $148.00 and a low of $79.00, suggesting a potential increase of 6.35% from its current trading price of $117.94.

When it comes to broker recommendations, with data from 34 firms taken into account, Disney currently holds an average rating of 2.0, signaling an “Outperform” status.

GuruFocus estimates put Disney’s projected value at $113.64 in the next year. This suggests a potential decrease of 3.65% from its current market price. The GF Value is a calculated estimate of a stock’s fair value based on various factors.

With Disney now at the helm of Hulu, the streaming landscape could be in for some exciting changes. Keep an eye on Disney’s stock as it continues to make waves in the streaming industry.