Disney was also amongst those companies which initially had to suffer the wrath of the coronavirus pandemic because it led to the complete shutdown of the Disney Parks and also the theatres and cinemas. The company went through lows at first but then it eventually coped with the situation because of Disney+. The lockdowns and curfews made the people compulsorily sit at their homes and then the source of entertainment as well as the key to watch the latest movies was the online platform. Disney+ gained tremendous subscribers and hence, Disney had a fairly good time during the pandemic.
Disney and its post-pandemic Scenario
The vaccines against the coronavirus have now got approval and authorization around the world and it is expected that they will prove to be effective. The parks are also reopening now while there is a limit to the number of people allowed to go inside. The capacity has been limited. The Disney+ platform continues to grow well and acquire new subscribers. Therefore, the reopening of parks as well as the success rate of Disney+, both of these are going to work out well for the company as a whole and hence, Disney has an expectantly bright future coming ahead.
Disney is amongst those firms which even after getting affected by the pandemic at the initial level, did not go into losses and earned well. When all the theme parks will be allowed to open and the capacity would be increased, the company would start earning even better. This is somewhat still dependent on how well effective are the vaccines and also the rate at which the cases of coronavirus infection increase or decrease.
The Walt Disney Company (NYSE: DIS)
- 52 Week Range: $79.07 – $200.60
- Average Volume: 12,653,111
- Market Capital: $344.881B
- Forward Dividend and Yield: N/A (N/A)
Disney Stock: Definitely a Buy Now
Disney stock is very reliable and trustworthy in the case of investing. The investors can depend on the company for some good amount of profits. The stock is good enough for holding it even for a longer period. Disney has only shown growth in recent times and the chances are very high that it will not let its growth go down. The stock price is medium to high but the shareholders, who can spare the amount, should go for investment in Disney because it is an undoubtedly profitable investment.
There are very few companies that remain on the list of ‘buy now stocks’ almost all the time and Disney is one of those. Surviving the pandemic without falling was a challenge for so many firms but Disney+ helped Disney to sustain in the pandemic while also earning profits along with. The investors are well aware of the volatility of the stock market but as of the current scenario, Disney is fairly consistent and dependable in case of an investment, even for a longer-term.