Disney stock downgraded after studio lost $900 MILLION on last 8 movies

by The Post Millennial

Disney stock has fallen to its Friday price of $89.28 from a high of $200 in 2021.

Investment advisory company KeyBanc Capital Markets downgraded Disney’s stock last week due to concerns that growth has stalled for the Mouse House’s Disney+ and Hulu streaming services and lower attendance at theme parks.

The company’s stock price fell after KeyBanc analysts lowered Disney’s rating from overweight to sector weight on Wednesday.

According to Barron’s, analysts led by Brandon Nispel said, “While Disney appears less expensive versus its historical average, we believe the stock is unlikely to work until a number of items have line of sight to being resolved.”

Nispel also claimed there would be a “deceleration of revenue” between the third and fourth quarters of the fiscal year.

The analysts were concerned by the slow subscriber growth of Disney+ and Hulu, as well as ESPN’s new streaming service possibly being priced too high. Additionally, low theme park attendance compared to company expectations contributed to the analysis.

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