The long-term forecast is bright as Walt Disney successfully transforms its business, says Morningstar’s analyst.
Warren Buffett’s Berkshire Hathaway has taken a stake. Here’s what Morningstar’s analyst thinks of the stock today.
Investors can gain exposure to the firm’s unique model with a large margin of safety.
Operating losses for the direct-to-consumer segment continue to widen.
Recently spun out from AT&T, WBD joins the streaming wars with Netflix and Disney—and the stock is undervalued.
Paramount posted a decent start to an already turbulent 2022 as Paramount+ and Pluto delivered strong growth, with 6.8 million net subscriber additions and a 3.1 million increase in monthly active users, respectively. We maintain our fair value estimate of $58.
We are maintaining our narrow moat and our fair value estimate.
We maintain our narrow moat but lower our fair value estimate to $280 from $305, due to much lower subscriber growth in 2022 and slower margin expansion.
With a $40 fair value estimate, we think the stock is substantially undervalued
Lower top-line growth and much slower margin expansion dim the stock's outlook
We think the gaming company’s stock is cheap, but investors should expect volatility.
Investment in streaming will limit margins, but shares remain undervalued.
Disney kicked off fiscal 2022 on a strong note as Disney+ added 11.8 million customers in the quarter versus 8.3 million for Netflix.
We are maintaining our narrow moat rating and $200 fair value estimate.
Sirius XM posted a slightly stronger than expected end to 2021 as revenue met and EBITDA exceeded FactSet consensus expectations. We are maintaining our narrow moat and raising our fair value estimate to $8 from $7.50.
Netflix’s stock drops on slowing subscriber growth.
For shareholders, we view the $95 price as fair, and we expect that regulators will heavily scrutinize the deal.
Our long-term pricing assumptions remain intact as we await further details from management on the Jan. 21 earnings call.
The combination will supercharge mobile transformation, Morningstar's analyst says.
The firm's share price has fallen dramatically since July when a wide-ranging workplace discrimination and harassment lawsuit was filed.
Even with the slower-than-expected subscriber growth this quarter, we still project robust long-term growth for the service.
We are maintaining our narrow moat and raising our fair value estimate to account for slightly stronger margin expansion expectations due to lower marketing costs.
We maintain our wide moat and raise our fair value estimate due to the lower-than-expected streaming losses and stronger subscriber growth.
We maintain our narrow-moat rating and fair value estimate.
We don’t expect to materially change our $170 fair value estimate and we view the shares as materially overvalued.
We see the new mobile games offering as a distraction at best from the core business.
It's poised to capitalize on streaming trends and is trading well below what we think it's worth.
Revenue fell short of FactSet consensus but operating income came in well ahead of Street expectations.
We continue to think that the expansion of Disney+, HBO Max, and other services will increase churn and pressure gross adds for Netflix over the near future. We maintain our narrow moat and fair value estimate of $250.
We are maintaining our moat rating and fair value estimate for the media company after a tumultuous week.
Lockdowns and next-generation consoles are supercharging growth.
Disney posted a strong start to fiscal 2021 as first-quarter revenue beat FactSet consensus. We are maintaining our wide moat and plan to modestly increase our $140 fair value estimate.
Despite the subscriber beat, revenue was in line with our projections for the quarter.
Music streaming companies have seen stellar growth in user numbers. We ask Morningstar equity analyst Neil Macker if the trend can continue.
We are raising our fair value estimate to $140 from $127 due to much higher subscriber growth offset slightly by higher content spending.
We believe Warner Bros. studio's announcement to release its entire 2021 movie slate simultaneously in movie theaters and on HBO Max is a reasonable response to the pandemic.
Despite tremendous subscriber growth, there may not be enough leverage in the current business model.
Disney ended a challenging fiscal 2020 on a strong note. We maintain our wide moat and plan to modestly increase our $127 fair value estimate when we update our model.
Subscriber growth at Netflix in third quarter came in below our estimate and management’s forecast.
Third Point’s Daniel Loeb sent urging a halt to the firm’s dividend payout policy to reallocate toward financing the production of additional original content for its streaming platforms.
While the president had been attacking TikTok, the addition of WeChat and Tencent to the ban was a surprise.
Despite a COVID-19-related revenue drop, the long-term outlook is positive as Disney continues to expand its direct relationships with consumers around the world. We maintain our wide moat and our $127 fair value estimate.
We are raising our FVE to $200 from $160 to account for the revenue impact of the larger subscriber base and slightly faster margin expansion than previously expected.
We are maintaining our wide moat and our fair value estimate.
Despite subscriber additions ahead of our estimate, revenue for the narrow-moat company was only 1% ahead of our projections for the first quarter.
We believe new CEO Chapek will continue to run the Iger playbook at least over the near term, and we are maintaining our wide moat rating and fair value estimate.
We are maintaining our wide moat rating and our fair value estimate after a strong first quarter for Disney.
We are retaining our narrow moat rating and are raising our fair value estimate.
Sinclair and Nexstar are the two biggest U.S. operators.
Major media companies are committing heavily to new platforms going into 2020.