Walt Disney (DIS) Stock Jumps And Falls 2%: What’s The Deal?

Disney stock fell on Monday after the company’s media and entertainment group were lowered by analysts at Barclays. Barclays analyst Kannan Venkateshwar has lowered his rating on Disney to equal weight from overweight and lowered his price target to $175 from $35. DIS stock jumps and falls starting from the previous market session. It was trading at $176.45, now it’s $173.54. Disney+’s growth has slowed significantly, and the company needs to increase its rate of expansion to at least the same as Netflix, according to Venkateshwar.

Disney shares were marked lower in pre-market trading on Monday. Disney will publish its earnings for its fourth quarter and update investors on the company’s progress with its Disney+ streaming platform. Disney+’s total subscriber base reached 116 million at the third quarter’s end. Although it added a lot of new subscribers in lower-cost markets such as India, it mainly experienced growth in the US. Media revenues grew 19% to $12.7 billion, while Theme Parks revenues more than tripled to $4.34 billion due to the restrictions on attendance in the US.