Street View: Disney's Streaming Strategy: A triple play for success

Walt Disney's DIS.N quarterly results topped Wall St expectations as visitors to its U.S. theme parks increased spending in first three months of the year and co saw an unexpected rise in Disney+ streaming customers

Median PT of 32 brokerages covering the stock is $125 - LSEG-compiled data

ULTIMATE STREAMING HAT TRICK

Bernstein ("outperform," PT: $120) is optimistic about co's ESPN Flagship, expecting benefits from expanded reach and bundled subscription growth, which will strengthen co's sports franchise

Needham ("buy," PT: $125) sees bundling ESPN with Hulu and Disney+ as a way to reduce churn and increase fees, while the integrated tech backbone enhances user experience and competitiveness

Morningstar ("fairvalue: $120") believes streaming ESPN is essential for co's long-term success, despite potentially accelerating the decline of traditional TV, and bundling it with other Disney services will strengthen co's position in streaming market

Jefferies ("hold," PT: $100) sees new Disneyland in Abu Dhabi as net positive for co, boosting international interest, especially in the Middle East and India