Will Disney Stock Hit $175 in 2020?
Shares of Disney (NYSE: DIS) are hitting all-time highs this month, but the party could just be getting started. Within the past week, two different analysts have slapped what is now a Street-high price target of $175 on the media giant, translating into another 17% of upside in the coming year.
Consumer Edge Research is the latest Wall Street pro to wax bullish on Disney, initiating coverage on Monday with an "overweight" stock rating and a price goal of $175. Six days earlier, it was Bernie McTernan at Rosenblatt lifting his price target on the shares from $170 to $175. It's the cool place to be these days, and inevitably a gateway drug to $200 if things continue to go well for the House of Mouse. Let's get into why there's a good chance Disney stock will hit $175 in 2020.
Image source: Disney.
Source Fool.com
