BUZZ-Street View: Disney's upcoming streaming content to boost subscriber growth

Walt Disney DIS.N sharply outperformed Wall Street's quarterly earnings estimates on Wednesday, thanks to strong holiday box office performance of animated sequel "Moana 2," though the company warned of a modest decline in Disney+ streaming subscribers in the coming quarter

Median PT of 37 brokerages covering the stock is $126.1, an upside of 14.3% to the current price of $110.31 - data compiled by LSEG

FOCUS ON DISNEY+ SUBSCRIBER GROWTH

TD Cowen ("hold," PT: $123) says DIS is well-managed and has valuable content and believes Disney+ is doing very well, which is crucial for the stock's performance

Company will eventually recover from pandemic-related challenges, but there are concerns about its long-term strategy, especially the Fox acquisition, says TD Cowen

J.P.Morgan("overweight," PT: $130) says DIS appears more confident in harnessing its content and a better app experience to boost user engagement and reduce cancellations

Jefferies ("hold," PT: $120) says price hikes and exiting a wholesale deal will lead to continued losses in Q2, but believes streaming new movies such as "Moana 2" and "Mufasa" will boost subscriber growth, despite cost cuts leading to inconsistent releases

Moffett Nathanson ("buy," PT: $140) says DIS will eventually create a more unified direct-to-consumer (DTC) strategy, which will become profitable over time, "but understand this will continue to be more of a show-me story"