Analyst Alan Gould raised his price target on Disney to $170 from $165; he raised the price target to $165 from $140 back in June. The average price target on Disney, according to Bloomberg, is $157.04. Disney had 25 buys, nine holds and one sell according to analysts surveyed by Bloomberg.
The stock was up 0.2% to $151.90 in trading Wednesday. Shares have risen 38.29% so far in 2019.
Disney received a boost Tuesday following a report that said close to 1 million new subscribers a day were signing up for the company's newly launched digital streaming service, Disney+, less than two weeks after its initial rollout.
According to data from research firm Apptopia, the $6.99-a-month streaming service's mobile app has been downloaded 15.5 million times, with people actually paying to use the service as opposed to simply strap-hanging on for a free initial ride.
The new streaming platform - which features content from Disney as well as Disney-owned properties like Marvel and the Star Wars franchise - pulled in $5 million through in-app purchases in its first 13 days, according to Apptopia.
Gould said he expects 26 million subscribers for the service in the first year, adding in a note that "the five-year target of 20-30 million domestic subs appears to be quite conservative."
In addition, "The Mandalorian," the "Star Wars" series from Disney+, was the most in-demand original streaming series in the U.S., according to a separate report.
The series, which tells the story of a "lone gunfighter [making] his way through the outer reaches of the galaxy," had more than 100 million demand expressions during the week of Nov. 17-23, according to Parrot Analytics.