The massive popularity of Baby Yoda memes highlights just how successful Disney Plus has been, one analyst says
The firm raised its expectation for Disney Plus subscribers to 25 million at the end of the company's first fiscal quarter, up from the previous 21 million projection. A recent survey revealed heightened awareness of Disney Plus' offerings, healthy subscriber growth after the initial 10 million sign-ups, and strength among households without children, Rosenblatt said.
For fiscal 2020, Rosenblatt expects Disney's streaming service to gain 39 million subscribers, up from the previous 35 million estimate. The firm reiterated its $175 price target and"buy" rating for Disney stock.
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