NEW YORK (TheStreet) -- Shares of The Walt Disney Co. (DIS) - Get Report are higher by 0.44% to $97.65 in pre-market trading on Monday morning, as the media and family entertainment giant's latest theme park is set to open in June.
Tickets for the June 16 opening of Shanghai Disneyland were sold out on the park's official ticketing website just hours after going on sale, Bloomberg reports.
Shanghai Disneyland is the company's sixth theme park across the world, tickets to visit the 963-acre park between June 17 and September 30 are still available. Tickets range in price from 370 yuan ($57) for non-peak periods to 499 for peak periods.
Disney CEO Bob Iger sees the company's China resort as its greatest opportunity since Walt Disney purchased land for the Walt Disney World Resort in central Florida in the 1960's, Bloomberg added.
"Relying on the large desire for family-style entertainment and the rising purchasing power of Chinese consumers, Shanghai Disneyland is likely to set off massive consumer demand," Chang Jiang Securities Co. analyst Li Jin wrote in a note Bloomberg said.
Separately, TheStreet Ratings has set a "buy" rating and a score of A- on Disney stock. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings covers.
The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DIS