Dade Hayes Finance EditorA number of Wall Street analysts have increased their price targets for Disney’s stock after the media giant reported better-than-expected quarterly earnings and outlined its streaming-focused future.The company’s buoyant stock price continues to reflect a striking sense of optimism given the sobering realities of COVID-19, which continues to hamper theme parks, theatrical moviegoing and live sports.
At mid-day Friday, shares had added about 2% to approach $138. While not yet back up to last week’s levels, the stock during November has reached its healthiest valuation since February even as coronavirus infection rates set daily records in the U.S.
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