Disney Stock Drops Amid Consolidation Plans, But Still Sees Strong Growth Predictions

The Walt Disney Company's stock price has dropped 13% from its high after reports emerged of its plan to consolidate its television divisions and cut hundreds of jobs.

The company's CFO, Hugh Johnston, said that TV streaming is an area where Disney sees opportunities for investment in content, with series helping to lower churn and increase engagement among subscribers.

TIKR's mid-case prediction puts Disney stock at around $145 by September 30, 2030, a potential total return of 43% or about 9% per year.