Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.
The firm's equity analyst Benjamin Swinburne said Marvel's content plays "perhaps the most critical role" in building Disney+'s value for customers.
The firm said Disney can double earnings per share from $6.50 in 2020 to between $11 and $12 in 2024, as it builds its Disney+ streaming customer base. Disney's stock has climbed nearly 30% so far this year, after the company announced its new streaming service, Disney+, which is set to launch in November at the low price of $6.99 per month with no advertisements. Disney has also found major success this year in releasing several recording-breaking films.
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