It might be time to give Walt Disney Co.  (DIS) - Get Report a chance.

At least from an investing perspective, the House of Mouse could have more upside potential than the red-hot Netflix, Inc. (NFLX) - Get Report . The latter of the two has seen its stock race higher by almost 70% so far this year.

Analysts at Loop Capital initiated Disney stock with a buy rating and $130 price target on Friday. With Disney's most recently closing near $103, the price target implies more than 25% upside from current levels.

Disney stock was higher in early trading Friday, but ultimately closed lower by 0.38% at $102.85. 

Alan Gould, the analyst behind the call, says Disney's deal to acquire Twenty-First Century Fox Inc.  (FOX) - Get Report (FOXA) - Get Report will be a "win win" as it helps expand Disney's streaming efforts.

Of course, there's still the issue of whether Fox will acquire the rest of Sky or if Action Alerts Plus holding Comcast Corporation (CMCSA) - Get Report will buy the company instead. Disney CEO Bob Iger has called Sky a "crown jewel" in the past and would certainly like to add to the Disney empire.

With or without Sky, though, when one thinks of streaming, it's hard not to think of Netflix. Gould gave us something to consider as well, initiating the stock with a hold rating and $325 price target.

After the stock's robust start to 2018, Gould says it's hard to justify a buy rating. Further, Netflix's market cap is encroaching on that of Disney, at $140 billion vs. $155 billion.

That's not to say Gould is bearish by any means. He acknowledges that Netflix has "created an unstoppable lead in the internet TV business" in the U.S. and is on its way to doing the same thing internationally.

But the rally has been too far, too fast and his price target sits at roughly the same level Netflix stock is currently at. In other words, it's not that Netflix is a bad stock to own. It's just that -- at least according to Gould's actions -- the better risk/reward now lies with Disney stock after Netflix's massive rally.

This article is commentary by an independent contributor. At the time of publication, the author had no positions in the stocks mentioned.